JPMorgan Chase & Co. Has $2.12 Million Holdings in Veren Inc. (NYSE:VRN)

JPMorgan Chase & Co. raised its position in Veren Inc. (NYSE:VRN) by 58.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 412,447 shares of the company’s stock after purchasing an additional 151,489 shares during the period. JPMorgan Chase & Co. owned 0.07% of Veren worth $2,120,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Veren by 32.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 248,384 shares of the company’s stock worth $1,277,000 after purchasing an additional 60,700 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Veren by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 25,082,135 shares of the company’s stock worth $128,947,000 after acquiring an additional 507,176 shares in the last quarter. Guardian Partners Inc. acquired a new stake in Veren in the fourth quarter valued at approximately $142,000. Northwest & Ethical Investments L.P. raised its position in shares of Veren by 17.6% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 44,965 shares of the company’s stock worth $231,000 after purchasing an additional 6,727 shares during the period. Finally, Tejara Capital Ltd bought a new position in shares of Veren in the 4th quarter worth $752,000. 49.37% of the stock is owned by institutional investors.

Veren Trading Down 2.1 %

VRN opened at $5.96 on Thursday. The firm has a market capitalization of $3.65 billion, a PE ratio of 4.26 and a beta of 1.45. 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 fifty-two week low of $4.40 and a fifty-two week high of $9.02. The company’s 50-day moving average is $5.80 and its 200 day moving average is $5.52.

Veren Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th were paid a $0.0797 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 5.35%. 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.