Veren Inc. (NYSE:VRN) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its position in shares of Veren Inc. (NYSE:VRN) by 3.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 762,200 shares of the company’s stock after selling 24,442 shares during the quarter. Legal & General Group Plc owned about 0.12% of Veren worth $3,917,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in Veren by 1.2% in the fourth quarter. Invesco Ltd. now owns 6,099,882 shares of the company’s stock valued at $31,353,000 after purchasing an additional 69,969 shares during the period. Aristides Capital LLC purchased a new stake in Veren during the 4th quarter valued at approximately $226,000. Envestnet Asset Management Inc. lifted its position in Veren by 11.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 332,392 shares of the company’s stock worth $1,708,000 after acquiring an additional 32,846 shares during the period. Foundry Partners LLC grew its stake in shares of Veren by 17.9% in the 4th quarter. Foundry Partners LLC now owns 1,291,243 shares of the company’s stock valued at $6,637,000 after purchasing an additional 196,333 shares during the last quarter. Finally, Bornite Capital Management LP acquired a new position in shares of Veren in the fourth quarter valued at approximately $10,280,000. Institutional investors and hedge funds own 49.37% of the company’s stock.

Veren Price Performance

Shares of NYSE VRN opened at $6.12 on Wednesday. The stock has a fifty day moving average price of $5.79 and a 200 day moving average price of $5.52. 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 company has a market cap of $3.74 billion, a PE ratio of 4.37 and a beta of 1.45.

Veren Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th were paid a $0.0797 dividend. This represents a $0.32 annualized dividend and a dividend yield of 5.21%. The ex-dividend date of this dividend was Friday, March 14th. Veren’s dividend payout ratio (DPR) is presently 96.88%.

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.