Easterly Investment Partners LLC Acquires 256,665 Shares of Veren Inc. (NYSE:VRN)

Easterly Investment Partners LLC lifted its holdings in shares of Veren Inc. (NYSE:VRN) by 56.7% in the 4th quarter, HoldingsChannel reports. The fund owned 709,045 shares of the company’s stock after purchasing an additional 256,665 shares during the period. Easterly Investment Partners LLC’s holdings in Veren were worth $3,644,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in Veren by 80.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company’s stock worth $31,000 after purchasing an additional 2,655 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in Veren during the fourth quarter worth $59,000. Truist Financial Corp purchased a new stake in Veren in the 4th quarter valued at $76,000. Wilmington Savings Fund Society FSB bought a new position in Veren during the 3rd quarter valued at $108,000. Finally, Corient Private Wealth LLC purchased a new position in Veren during the 4th quarter worth $98,000. Institutional investors and hedge funds own 49.37% of the company’s stock.

Veren Stock Performance

NYSE VRN opened at $6.79 on Thursday. The company has a fifty day moving average price of $5.49 and a 200-day moving average price of $5.57. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 4.85 and a beta of 2.08. 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 1 year low of $4.40 and a 1 year high of $9.02.

Veren Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be paid a $0.0797 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 4.70%. Veren’s dividend payout ratio (DPR) is 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.