Russell Investments Group Ltd. Has $264,000 Position in Veren Inc. (NYSE:VRN)

Russell Investments Group Ltd. trimmed its stake in shares of Veren Inc. (NYSE:VRN) by 55.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,444 shares of the company’s stock after selling 64,002 shares during the quarter. Russell Investments Group Ltd.’s holdings in Veren were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of VRN. EverSource Wealth Advisors LLC increased its position in Veren by 80.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company’s stock valued at $31,000 after buying an additional 2,655 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of Veren in the fourth quarter worth $59,000. Orion Portfolio Solutions LLC bought a new position in shares of Veren in the fourth quarter valued at approximately $71,000. Truist Financial Corp bought a new position in Veren in the 4th quarter valued at $76,000. Finally, Seven Mile Advisory bought a new position in shares of Veren in the fourth quarter worth approximately $77,000. 49.37% of the stock is currently owned by institutional investors and hedge funds.

Veren Stock Up 2.8 %

VRN opened at $6.12 on Friday. The business’s fifty day simple moving average is $5.82 and its 200 day simple moving average is $5.52. The stock has a market cap of $3.74 billion, a PE ratio of 4.37 and a beta of 1.45. Veren Inc. has a 52 week low of $4.40 and a 52 week high of $9.02. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.34.

Veren Cuts Dividend

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