Graham Capital Management L.P. Buys 186,878 Shares of Veren Inc. (NYSE:VRN)

Graham Capital Management L.P. increased its stake in shares of Veren Inc. (NYSE:VRN) by 33.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 741,245 shares of the company’s stock after acquiring an additional 186,878 shares during the quarter. Graham Capital Management L.P. owned approximately 0.12% of Veren worth $3,810,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted 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 worth $31,000 after purchasing an additional 2,655 shares in the last quarter. Nebula Research & Development LLC bought a new stake in shares of Veren during the fourth quarter valued at approximately $56,000. Arkadios Wealth Advisors acquired a new position in shares of Veren during the fourth quarter worth approximately $59,000. Orion Portfolio Solutions LLC bought a new position in shares of Veren in the 4th quarter worth $71,000. Finally, Farringdon Capital Ltd. acquired a new stake in Veren in the 4th quarter valued at $74,000. 49.37% of the stock is currently owned by institutional investors and hedge funds.

Veren Stock Performance

VRN opened at $6.04 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 $3.70 billion, a price-to-earnings ratio of 4.31 and a beta of 0.93. The company’s fifty day moving average price is $6.01 and its two-hundred day moving average price is $5.49. 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 Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Saturday, March 15th were given a $0.0797 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 5.27%. Veren’s payout ratio is 96.88%.

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.