Bank of New York Mellon Corp Has $1.56 Million Stock Holdings in Veren Inc. (NYSE:VRN)

Bank of New York Mellon Corp increased its holdings in Veren Inc. (NYSE:VRN) by 101.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 304,357 shares of the company’s stock after purchasing an additional 153,607 shares during the period. Bank of New York Mellon Corp’s holdings in Veren were worth $1,564,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Savant Capital LLC grew its stake in Veren by 67.0% during the fourth quarter. Savant Capital LLC now owns 21,399 shares of the company’s stock worth $110,000 after buying an additional 8,586 shares during the last quarter. Blue Trust Inc. grew its stake in Veren by 56.3% during the fourth quarter. Blue Trust Inc. now owns 26,416 shares of the company’s stock worth $136,000 after buying an additional 9,520 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in Veren during the fourth quarter worth about $59,000. Truist Financial Corp bought a new stake in Veren during the fourth quarter worth about $76,000. Finally, Geode Capital Management LLC grew its stake in Veren by 4.3% during the third quarter. Geode Capital Management LLC now owns 380,386 shares of the company’s stock worth $2,351,000 after buying an additional 15,594 shares during the last quarter. Institutional investors and hedge funds own 49.37% of the company’s stock.

Veren Price Performance

Shares of Veren stock opened at $6.64 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 4.74 and a beta of 2.08. Veren Inc. has a 1-year low of $4.40 and a 1-year high of $9.02. The firm’s 50-day moving average price is $5.41 and its two-hundred day moving average price is $5.56.

Veren Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be paid a dividend of $0.0797 per share. The ex-dividend date is Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 4.80%. Veren’s dividend payout ratio (DPR) is currently 100.00%.

Veren 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.