Capital Management Corp VA Decreases Stock Position in Veren Inc. (NYSE:VRN)

Capital Management Corp VA lowered its stake in Veren Inc. (NYSE:VRN) by 8.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,853,363 shares of the company’s stock after selling 271,412 shares during the period. Veren makes up approximately 2.6% of Capital Management Corp VA’s holdings, making the stock its 13th largest holding. Capital Management Corp VA owned about 0.47% of Veren worth $14,666,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Arkadios Wealth Advisors purchased a new position in Veren during the 4th quarter valued at about $59,000. Truist Financial Corp purchased a new position in Veren during the 4th quarter valued at about $76,000. Wilmington Savings Fund Society FSB purchased a new position in Veren during the 3rd quarter valued at about $108,000. Canoe Financial LP purchased a new position in Veren during the 4th quarter valued at about $103,000. Finally, Bridgewater Associates LP purchased a new position in Veren during the 3rd quarter valued at about $125,000. Hedge funds and other institutional investors own 49.37% of the company’s stock.

Veren Stock Up 0.1 %

Shares of NYSE:VRN opened at $4.92 on Friday. Veren Inc. has a 1 year low of $4.40 and a 1 year high of $9.02. The company has a market cap of $3.01 billion, a PE ratio of 3.51 and a beta of 2.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.88 and a quick ratio of 0.88. The stock’s 50-day moving average is $5.22 and its 200 day moving average is $5.65.

Veren Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be issued a dividend of $0.0797 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 6.48%. Veren’s dividend payout ratio is presently 100.00%.

Veren Company 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.