Proficio Capital Partners LLC Makes New Investment in Veren Inc. (NYSE:VRN)

Proficio Capital Partners LLC purchased a new stake in Veren Inc. (NYSE:VRN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,000 shares of the company’s stock, valued at approximately $164,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Veren by 313.7% in the third quarter. Barclays PLC now owns 132,245 shares of the company’s stock valued at $813,000 after purchasing an additional 100,279 shares in the last quarter. Alberta Investment Management Corp increased its stake in shares of Veren by 108.0% during the 4th quarter. Alberta Investment Management Corp now owns 689,400 shares of the company’s stock worth $3,542,000 after purchasing an additional 358,000 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Veren by 19.3% in the 3rd quarter. Principal Financial Group Inc. now owns 4,038,140 shares of the company’s stock valued at $24,899,000 after buying an additional 653,300 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Veren by 6.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,985,175 shares of the company’s stock valued at $10,201,000 after buying an additional 124,863 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in Veren by 302.4% during the third quarter. Toronto Dominion Bank now owns 553,902 shares of the company’s stock worth $3,406,000 after buying an additional 416,265 shares in the last quarter. Institutional investors and hedge funds own 49.37% of the company’s stock.

Veren Stock Down 1.0 %

Shares of NYSE:VRN opened at $6.72 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $4.11 billion, a P/E ratio of 4.80 and a beta of 2.08. Veren Inc. has a 52-week low of $4.40 and a 52-week high of $9.02. The stock’s fifty day simple moving average is $5.51 and its 200-day simple moving average is $5.58.

Veren Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be issued a $0.0797 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 4.74%. Veren’s dividend payout ratio (DPR) is 100.00%.

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.