Aigen Investment Management LP Acquires 70,922 Shares of Veren Inc. (NYSE:VRN)

Aigen Investment Management LP raised its holdings in Veren Inc. (NYSE:VRN) by 35.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 268,584 shares of the company’s stock after buying an additional 70,922 shares during the period. Aigen Investment Management LP’s holdings in Veren were worth $1,381,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. HITE Hedge Asset Management LLC bought a new position in shares of Veren during the 3rd quarter worth $65,155,000. Principal Financial Group Inc. grew its position in shares of Veren by 3.9% during the 4th quarter. Principal Financial Group Inc. now owns 4,196,340 shares of the company’s stock worth $21,562,000 after buying an additional 158,200 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of 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 buying an additional 400,068 shares in the last quarter. National Bank of Canada FI grew 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 worth $13,637,000 after buying an additional 1,078,596 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Veren by 6.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,985,175 shares of the company’s stock worth $10,201,000 after buying an additional 124,863 shares in the last quarter. Institutional investors own 49.37% of the company’s stock.

Veren Price Performance

VRN opened at $4.95 on Thursday. Veren Inc. has a 12-month low of $4.40 and a 12-month high of $9.02. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. The business’s fifty day simple moving average is $5.22 and its 200-day simple moving average is $5.67. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 3.53 and a beta of 2.10.

Veren Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be given a dividend of $0.0797 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.44%. The ex-dividend date of this dividend is Friday, March 14th. Veren’s payout ratio 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.