15,022 Shares in Veren Inc. (NYSE:VRN) Purchased by Seven Mile Advisory

Seven Mile Advisory acquired a new position in Veren Inc. (NYSE:VRN) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 15,022 shares of the company’s stock, valued at approximately $77,000.

A number of other large investors have also added to or reduced their stakes in the company. HITE Hedge Asset Management LLC bought a new stake in Veren in the third quarter worth $65,155,000. Ninepoint Partners LP grew its stake in shares of Veren by 16.6% in the 4th quarter. Ninepoint Partners LP now owns 21,100,000 shares of the company’s stock worth $108,454,000 after buying an additional 3,000,000 shares in the last quarter. Wexford Capital LP purchased a new position in shares of Veren in the 3rd quarter worth $9,322,000. South Dakota Investment Council increased its holdings in shares of Veren by 194.2% in the 4th quarter. South Dakota Investment Council now owns 1,731,831 shares of the company’s stock worth $8,902,000 after buying an additional 1,143,159 shares during the last quarter. Finally, National Bank of Canada FI raised its position in shares of Veren by 94.7% during the 3rd quarter. National Bank of Canada FI now owns 2,217,305 shares of the company’s stock valued at $13,637,000 after buying an additional 1,078,596 shares in the last quarter. Institutional investors own 49.37% of the company’s stock.

Veren Trading Down 0.8 %

VRN opened at $6.65 on Monday. The stock has a 50-day moving average of $5.53 and a 200 day moving average of $5.57. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. Veren Inc. has a 12 month low of $4.40 and a 12 month high of $9.02. The firm has a market cap of $4.07 billion, a P/E ratio of 4.75 and a beta of 2.08.

Veren Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be issued a $0.0797 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend is Friday, March 14th. 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.