26,159 Shares in Veren Inc. (NYSE:VRN) Bought by Guardian Partners Inc.

Guardian Partners Inc. bought a new stake in Veren Inc. (NYSE:VRN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 26,159 shares of the company’s stock, valued at approximately $142,000.

Several other hedge funds have also recently made changes to their positions in the company. Northwest & Ethical Investments L.P. raised its stake in shares of Veren by 17.6% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 44,965 shares of the company’s stock valued at $231,000 after buying an additional 6,727 shares during the period. Tejara Capital Ltd bought a new stake in shares of Veren in the fourth quarter valued at $752,000. Corient Private Wealth LLC bought a new stake in shares of Veren in the fourth quarter valued at $98,000. Ninepoint Partners LP raised its stake in shares of Veren by 16.6% in the fourth quarter. Ninepoint Partners LP now owns 21,100,000 shares of the company’s stock valued at $108,454,000 after buying an additional 3,000,000 shares during the period. Finally, Aviso Financial Inc. raised its stake in shares of Veren by 117.7% in the fourth quarter. Aviso Financial Inc. now owns 219,263 shares of the company’s stock valued at $1,127,000 after buying an additional 118,537 shares during the period. 49.37% of the stock is currently owned by institutional investors.

Veren Stock Performance

NYSE:VRN opened at $6.64 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.88. Veren Inc. has a 52-week low of $4.40 and a 52-week high of $9.02. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 4.74 and a beta of 2.08. The business’s fifty day moving average is $5.41 and its 200 day moving average is $5.56.

Veren Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be paid a dividend of $0.0797 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.80%. Veren’s payout ratio is 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.