XTX Topco Ltd Acquires Shares of 15,704 Veren Inc. (NYSE:VRN)

XTX Topco Ltd acquired a new position in Veren Inc. (NYSE:VRN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,704 shares of the company’s stock, valued at approximately $124,000.

A number of other large investors have also recently made changes to their positions in VRN. CIBC Asset Management Inc purchased a new stake in Veren during the 2nd quarter valued at $155,853,000. Dimensional Fund Advisors LP purchased a new stake in shares of Veren in the second quarter valued at $79,409,000. American Century Companies Inc. bought a new stake in shares of Veren in the 2nd quarter worth about $32,076,000. TD Asset Management Inc purchased a new position in shares of Veren during the 2nd quarter worth about $30,556,000. Finally, Intact Investment Management Inc. bought a new position in Veren during the 2nd quarter valued at about $29,344,000. 49.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Scotiabank cut their target price on Veren from $16.00 to $15.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th.

Veren Stock Up 4.6 %

Shares of Veren stock opened at $6.44 on Wednesday. Veren Inc. has a 52 week low of $6.03 and a 52 week high of $9.28. The company has a market cap of $3.98 billion, a P/E ratio of -80.75 and a beta of 2.16. The firm has a fifty day simple moving average of $6.91. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.36.

Veren (NYSE:VRN) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. Veren had a negative net margin of 0.69% and a positive return on equity of 13.50%. The company had revenue of $852.57 million for the quarter, compared to the consensus estimate of $821.00 million. As a group, research analysts anticipate that Veren Inc. will post 1 earnings per share for the current year.

Veren Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Sunday, September 15th were paid a dividend of $0.0834 per share. This represents a $0.33 annualized dividend and a dividend yield of 5.18%. The ex-dividend date was Friday, September 13th. This is an increase from Veren’s previous quarterly dividend of $0.08. Veren’s payout ratio is currently -412.50%.

About Veren

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.