Aristides Capital LLC Invests $226,000 in Veren Inc. (NYSE:VRN)

Aristides Capital LLC acquired a new stake in shares of Veren Inc. (NYSE:VRN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 43,900 shares of the company’s stock, valued at approximately $226,000.

Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in shares of Veren by 80.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company’s stock valued at $31,000 after purchasing an additional 2,655 shares in the last quarter. Alliancebernstein L.P. grew its position in Veren by 4.8% during the fourth quarter. Alliancebernstein L.P. now owns 101,460 shares of the company’s stock worth $522,000 after buying an additional 4,640 shares in the last quarter. Northwest & Ethical Investments L.P. increased its stake in Veren by 17.6% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 44,965 shares of the company’s stock worth $231,000 after acquiring an additional 6,727 shares during the last quarter. Savant Capital LLC raised its holdings in shares of Veren by 67.0% in the 4th 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 in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Veren by 56.3% during the 4th quarter. Blue Trust Inc. now owns 26,416 shares of the company’s stock valued at $136,000 after acquiring an additional 9,520 shares during the last quarter. Hedge funds and other institutional investors own 49.37% of the company’s stock.

Veren Stock Down 11.7 %

VRN stock opened at $5.54 on Monday. The company’s 50 day moving average is $5.63 and its 200 day moving average is $5.57. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 3.95 and a beta of 1.45. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. Veren Inc. has a 1-year low of $4.40 and a 1-year high of $9.02.

Veren Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th were issued a $0.0797 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date of this dividend was Friday, March 14th. Veren’s payout ratio is 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.