K.J. Harrison & Partners Inc Purchases 10,000 Shares of Veren Inc. (NYSE:VRN)

K.J. Harrison & Partners Inc boosted its position in shares of Veren Inc. (NYSE:VRN) by 16.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,228 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Veren were worth $374,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. HITE Hedge Asset Management LLC acquired a new position in shares of Veren in the 3rd quarter valued at $65,155,000. Intact Investment Management Inc. lifted its holdings in Veren by 46.7% during the third quarter. Intact Investment Management Inc. now owns 5,458,686 shares of the company’s stock worth $33,624,000 after acquiring an additional 1,737,840 shares in the last quarter. Principal Financial Group Inc. grew its stake in Veren by 3.9% in the fourth quarter. Principal Financial Group Inc. now owns 4,196,340 shares of the company’s stock valued at $21,562,000 after acquiring an additional 158,200 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Veren by 11.2% in the third quarter. The Manufacturers Life Insurance Company now owns 3,975,885 shares of the company’s stock worth $24,505,000 after acquiring an additional 400,068 shares in the last quarter. Finally, Capital Management Corp VA raised its position in shares of Veren by 92.1% during the third quarter. Capital Management Corp VA now owns 3,124,775 shares of the company’s stock worth $19,217,000 after purchasing an additional 1,498,544 shares during the period. Institutional investors own 49.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada decreased their price objective on Veren from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, November 1st.

Veren Trading Up 8.8 %

Shares of NYSE:VRN opened at $5.25 on Friday. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 3.75 and a beta of 2.10. Veren Inc. has a 12 month low of $4.39 and a 12 month high of $9.28. The company’s fifty day simple moving average is $5.20 and its 200 day simple moving average is $5.74. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.34.

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.