Swiss National Bank Acquires 64,300 Shares of Veren Inc. (NYSE:VRN)

Swiss National Bank raised its stake in shares of Veren Inc. (NYSE:VRN) by 5.6% in the 4th quarter, Holdings Channel reports. The firm owned 1,220,200 shares of the company’s stock after purchasing an additional 64,300 shares during the quarter. Swiss National Bank’s holdings in Veren were worth $6,270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. HITE Hedge Asset Management LLC bought a new stake in shares of Veren in the 3rd quarter valued at $65,155,000. Principal Financial Group Inc. boosted its position in Veren by 3.9% during the fourth quarter. Principal Financial Group Inc. now owns 4,196,340 shares of the company’s stock valued at $21,562,000 after acquiring an additional 158,200 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Veren by 11.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,975,885 shares of the company’s stock worth $24,505,000 after acquiring an additional 400,068 shares during the period. National Bank of Canada FI raised its position in shares of Veren by 94.7% in the 3rd quarter. National Bank of Canada FI now owns 2,217,305 shares of the company’s stock worth $13,637,000 after acquiring an additional 1,078,596 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Veren by 6.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,985,175 shares of the company’s stock valued at $10,201,000 after purchasing an additional 124,863 shares during the period. 49.37% of the stock is owned by institutional investors and hedge funds.

Veren Trading Up 0.1 %

NYSE VRN opened at $6.64 on Monday. The stock has a market capitalization of $4.06 billion, a P/E ratio of 4.74 and a beta of 2.08. The business has a 50 day simple moving average of $5.41 and a 200 day simple moving average of $5.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.88 and a quick ratio of 0.88. Veren Inc. has a one year low of $4.40 and a one year high of $9.02.

Veren Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be paid a $0.0797 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 4.80%. Veren’s dividend payout ratio is currently 100.00%.

Veren Company Profile

Veren Inc explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota.