Veren Inc. (NYSE:VRN) Shares Purchased by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. raised its holdings in Veren Inc. (NYSE:VRN) by 17.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,965 shares of the company’s stock after buying an additional 6,727 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Veren were worth $231,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Ninepoint Partners LP raised its position in shares of Veren by 16.6% during the 4th quarter. Ninepoint Partners LP now owns 21,100,000 shares of the company’s stock worth $108,454,000 after acquiring an additional 3,000,000 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new stake in Veren during the third quarter worth approximately $65,155,000. Principal Financial Group Inc. boosted its holdings in shares of Veren by 3.9% in the 4th quarter. Principal Financial Group Inc. now owns 4,196,340 shares of the company’s stock valued at $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% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,975,885 shares of the company’s stock valued at $24,505,000 after buying an additional 400,068 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in 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 acquiring an additional 1,078,596 shares in the last quarter. 49.37% of the stock is owned by hedge funds and other institutional investors.

Veren Price Performance

Shares of VRN opened at $6.64 on Friday. 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. The stock has a market cap of $4.06 billion, a PE ratio of 4.74 and a beta of 2.08. The firm has a fifty day moving average price of $5.41 and a 200 day moving average price of $5.56.

Veren Cuts Dividend

The company 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 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend is Friday, March 14th. Veren’s payout ratio is currently 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.