Virtus ETF Advisers LLC Has $141,000 Stock Holdings in Veren Inc. (NYSE:VRN)

Virtus ETF Advisers LLC raised its stake in Veren Inc. (NYSE:VRN) by 28.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 27,462 shares of the company’s stock after buying an additional 6,088 shares during the period. Virtus ETF Advisers LLC’s holdings in Veren were worth $141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of VRN. Ninepoint Partners LP boosted its stake in Veren by 16.6% in the 4th quarter. Ninepoint Partners LP now owns 21,100,000 shares of the company’s stock valued at $108,454,000 after purchasing an additional 3,000,000 shares during the period. Bornite Capital Management LP acquired a new stake in shares of Veren during the fourth quarter worth $10,280,000. Canada Pension Plan Investment Board bought a new stake in shares of Veren in the fourth quarter valued at about $10,269,000. Trexquant Investment LP grew its stake in shares of Veren by 329.9% in the fourth quarter. Trexquant Investment LP now owns 1,489,872 shares of the company’s stock valued at $7,658,000 after acquiring an additional 1,143,293 shares in the last quarter. Finally, South Dakota Investment Council increased its position in Veren by 194.2% during the fourth quarter. South Dakota Investment Council now owns 1,731,831 shares of the company’s stock worth $8,902,000 after acquiring an additional 1,143,159 shares during the period. 49.37% of the stock is owned by institutional investors.

Veren Price Performance

Shares of Veren stock opened at $6.14 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 4.39 and a beta of 1.45. Veren Inc. has a twelve month low of $4.40 and a twelve month high of $9.02. The company has a 50-day simple moving average of $5.84 and a two-hundred day simple moving average of $5.50.

Veren Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th were given a $0.0797 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.19%. Veren’s payout ratio is 96.88%.

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.