Orion Portfolio Solutions LLC Invests $71,000 in Veren Inc. (NYSE:VRN)

Orion Portfolio Solutions LLC acquired a new stake in shares of Veren Inc. (NYSE:VRN) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 13,905 shares of the company’s stock, valued at approximately $71,000.

Other hedge funds also recently modified their holdings of the company. Ninepoint Partners LP increased its position in Veren by 16.6% in the 4th quarter. Ninepoint Partners LP now owns 21,100,000 shares of the company’s stock valued at $108,454,000 after acquiring an additional 3,000,000 shares during the period. South Dakota Investment Council increased its holdings in Veren by 194.2% in the fourth quarter. South Dakota Investment Council now owns 1,731,831 shares of the company’s stock valued at $8,902,000 after purchasing an additional 1,143,159 shares during the period. Principal Financial Group Inc. raised its position in Veren by 19.3% during the 3rd quarter. Principal Financial Group Inc. now owns 4,038,140 shares of the company’s stock worth $24,899,000 after purchasing an additional 653,300 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Veren by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 25,082,135 shares of the company’s stock worth $128,947,000 after buying an additional 507,176 shares during the period. Finally, Toronto Dominion Bank grew its position in shares of Veren by 302.4% in the 3rd quarter. Toronto Dominion Bank now owns 553,902 shares of the company’s stock valued at $3,406,000 after buying an additional 416,265 shares during the last quarter. Institutional investors and hedge funds own 49.37% of the company’s stock.

Veren Trading Up 5.0 %

Shares of VRN stock opened at $5.75 on Friday. Veren Inc. has a 1-year low of $4.40 and a 1-year 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 stock has a market cap of $3.51 billion, a price-to-earnings ratio of 4.10 and a beta of 1.45. The stock has a 50-day moving average of $5.68 and a 200-day moving average of $5.54.

Veren Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th were given a dividend of $0.0797 per share. This represents a $0.32 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend was Friday, March 14th. Veren’s dividend payout ratio is presently 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.