Veren Inc. (NYSE:VRN) Shares Sold by Signaturefd LLC

Signaturefd LLC trimmed its holdings in Veren Inc. (NYSE:VRN) by 72.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,862 shares of the company’s stock after selling 15,657 shares during the quarter. Signaturefd LLC’s holdings in Veren were worth $30,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in VRN. EverSource Wealth Advisors LLC grew its stake in shares of Veren by 80.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company’s stock worth $31,000 after purchasing an additional 2,655 shares in the last quarter. Arkadios Wealth Advisors bought a new position in Veren in the 4th quarter valued at about $59,000. Truist Financial Corp bought a new position in Veren in the 4th quarter valued at about $76,000. Wilmington Savings Fund Society FSB acquired a new position in Veren during the 3rd quarter valued at about $108,000. Finally, Corient Private Wealth LLC bought a new stake in shares of Veren during the 4th quarter worth about $98,000. 49.37% of the stock is currently owned by institutional investors and hedge funds.

Veren Trading Up 1.5 %

Shares of NYSE:VRN opened at $6.78 on Wednesday. Veren Inc. has a twelve month low of $4.40 and a twelve month high of $9.02. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. The firm has a market cap of $4.15 billion, a P/E ratio of 4.84 and a beta of 2.08. The company has a 50 day moving average of $5.46 and a 200-day moving average of $5.56.

Veren Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be paid a dividend of $0.0797 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date is Friday, March 14th. Veren’s payout ratio is currently 100.00%.

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.