Tejara Capital Ltd Makes New Investment in Veren Inc. (NYSE:VRN)

Tejara Capital Ltd acquired a new position in Veren Inc. (NYSE:VRN) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 146,270 shares of the company’s stock, valued at approximately $752,000.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Veren by 80.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company’s stock valued at $31,000 after acquiring an additional 2,655 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of Veren during the fourth quarter valued at $59,000. Truist Financial Corp bought a new position in shares of Veren during the fourth quarter valued at $76,000. Wilmington Savings Fund Society FSB bought a new position in shares of Veren during the third quarter valued at $108,000. Finally, Corient Private Wealth LLC bought a new position in shares of Veren during the fourth quarter valued at $98,000. Institutional investors own 49.37% of the company’s stock.

Veren Price Performance

Shares of NYSE:VRN opened at $6.33 on Tuesday. Veren Inc. has a 1-year low of $4.40 and a 1-year high of $9.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.88 and a quick ratio of 0.88. The business has a fifty day moving average price of $5.32 and a 200-day moving average price of $5.57. The company has a market capitalization of $3.87 billion, a PE ratio of 4.52 and a beta of 2.08.

Veren Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be issued a dividend of $0.0797 per share. The ex-dividend date is Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 5.04%. Veren’s payout ratio is presently 100.00%.

Veren 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.