Veren Inc. (NYSE:VRN) Shares Sold by Millennium Management LLC

Millennium Management LLC decreased its holdings in shares of Veren Inc. (NYSE:VRN) by 17.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,545,472 shares of the company’s stock after selling 1,168,769 shares during the period. Millennium Management LLC’s holdings in Veren were worth $28,495,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Ninepoint Partners LP raised its position in Veren by 16.6% in the fourth quarter. Ninepoint Partners LP now owns 21,100,000 shares of the company’s stock valued at $108,454,000 after purchasing an additional 3,000,000 shares during the period. Alberta Investment Management Corp grew its stake in shares of Veren by 108.0% in the fourth quarter. Alberta Investment Management Corp now owns 689,400 shares of the company’s stock valued at $3,542,000 after buying an additional 358,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Veren by 6.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,985,175 shares of the company’s stock valued at $10,201,000 after buying an additional 124,863 shares in the last quarter. Aviso Financial Inc. raised its holdings in shares of Veren by 117.7% during the 4th quarter. Aviso Financial Inc. now owns 219,263 shares of the company’s stock valued at $1,127,000 after buying an additional 118,537 shares during the period. Finally, Swiss National Bank raised its holdings in shares of Veren by 5.6% during the 4th quarter. Swiss National Bank now owns 1,220,200 shares of the company’s stock valued at $6,270,000 after buying an additional 64,300 shares during the period. Institutional investors and hedge funds own 49.37% of the company’s stock.

Veren Stock Performance

Veren stock opened at $6.01 on Tuesday. The firm has a market capitalization of $3.68 billion, a PE ratio of 4.29 and a beta of 0.93. Veren Inc. has a one year low of $4.40 and a one year high of $9.02. The stock’s 50 day moving average price is $6.09 and its 200 day moving average price is $5.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.88.

Veren Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th were given a dividend of $0.0797 per share. The ex-dividend date was Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.30%. Veren’s payout ratio is currently 96.88%.

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.