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

Riverstone Holdings LLC decreased its position in shares of Veren Inc. (NYSE:VRN) by 0.2% in the fourth quarter, HoldingsChannel reports. The firm owned 8,504,474 shares of the company’s stock after selling 18,610 shares during the quarter. Veren accounts for 6.9% of Riverstone Holdings LLC’s portfolio, making the stock its 2nd biggest position. Riverstone Holdings LLC’s holdings in Veren were worth $43,713,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Savant Capital LLC lifted its holdings in Veren by 67.0% in the fourth quarter. Savant Capital LLC now owns 21,399 shares of the company’s stock valued at $110,000 after acquiring an additional 8,586 shares during the period. Blue Trust Inc. increased its position in shares of Veren by 56.3% in the fourth quarter. Blue Trust Inc. now owns 26,416 shares of the company’s stock valued at $136,000 after buying an additional 9,520 shares in the last quarter. K.J. Harrison & Partners Inc increased its position in shares of Veren by 16.3% during the fourth quarter. K.J. Harrison & Partners Inc now owns 71,228 shares of the company’s stock worth $374,000 after purchasing an additional 10,000 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of Veren during the fourth quarter worth approximately $59,000. Finally, Truist Financial Corp purchased a new stake in Veren in the 4th quarter valued at $76,000. Institutional investors and hedge funds own 49.37% of the company’s stock.

Veren Stock Up 2.9 %

Shares of NYSE:VRN opened at $5.87 on Wednesday. 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 business has a fifty day moving average of $5.25 and a two-hundred day moving average of $5.60. The stock has a market cap of $3.59 billion, a P/E ratio of 4.19 and a beta of 2.08. Veren Inc. has a 52-week low of $4.40 and a 52-week high of $9.02.

Veren Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be paid a $0.0797 dividend. This represents a $0.32 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend is Friday, March 14th. Veren’s dividend payout ratio (DPR) 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.