Scotia Capital Inc. Has $9.93 Million Holdings in Veren Inc. (NYSE:VRN)

by · The Cerbat Gem

Scotia Capital Inc. trimmed its holdings in shares of Veren Inc. (NYSE:VRN – Free Report) by 42.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,937,827 shares of the company’s stock after selling 1,406,930 shares during the quarter. Scotia Capital Inc.’s holdings in Veren were worth $9,934,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ninepoint Partners LP boosted its stake in shares of Veren by 16.6% during the 4th quarter. Ninepoint Partners LP now owns 21,100,000 shares of the company’s stock worth $108,454,000 after acquiring an additional 3,000,000 shares in the last quarter. Bornite Capital Management LP acquired a new stake in Veren in the 4th quarter worth approximately $10,280,000. Trexquant Investment LP boosted its position in Veren by 329.9% during the fourth quarter. Trexquant Investment LP now owns 1,489,872 shares of the company’s stock worth $7,658,000 after purchasing an additional 1,143,293 shares during the period. South Dakota Investment Council grew its holdings in Veren by 194.2% during 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 last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Veren by 19.3% in the third quarter. Principal Financial Group Inc. now owns 4,038,140 shares of the company’s stock valued at $24,899,000 after purchasing an additional 653,300 shares during the period. 49.37% of the stock is currently owned by institutional investors.

Veren Price Performance

Shares of Veren stock opened at $5.44 on Friday. 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 fifty day simple moving average of $5.67 and a 200-day simple moving average of $5.54. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 3.88 and a beta of 1.45. Veren Inc. has a 1-year low of $4.40 and a 1-year high of $9.02.

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 5.86%. The ex-dividend date of this dividend was Friday, March 14th. Veren’s dividend payout ratio is 100.00%.

About Veren

(Free Report)

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.

Further Reading

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