American Century Companies Inc. Sells 27,269 Shares of Veren Inc. (NYSE:VRN)

American Century Companies Inc. reduced its holdings in Veren Inc. (NYSE:VRN) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,857,254 shares of the company’s stock after selling 27,269 shares during the quarter. American Century Companies Inc. owned about 0.96% of Veren worth $30,112,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ninepoint Partners LP grew its position in shares of Veren by 16.6% during the 4th quarter. Ninepoint Partners LP now owns 21,100,000 shares of the company’s stock worth $108,454,000 after buying an additional 3,000,000 shares during the period. HITE Hedge Asset Management LLC acquired a new stake in Veren in the third quarter worth $65,155,000. Principal Financial Group Inc. increased its stake in Veren by 3.9% in the fourth quarter. Principal Financial Group Inc. now owns 4,196,340 shares of the company’s stock valued at $21,562,000 after purchasing an additional 158,200 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Veren by 11.2% in the third quarter. The Manufacturers Life Insurance Company now owns 3,975,885 shares of the company’s stock valued at $24,505,000 after purchasing an additional 400,068 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Veren by 94.7% during the 3rd quarter. National Bank of Canada FI now owns 2,217,305 shares of the company’s stock worth $13,637,000 after purchasing an additional 1,078,596 shares in the last quarter. 49.37% of the stock is owned by institutional investors and hedge funds.

Veren Stock Performance

Shares of VRN opened at $6.65 on Friday. Veren Inc. has a one year low of $4.40 and a one year high of $9.02. The company has a market cap of $4.07 billion, a PE ratio of 4.75 and a beta of 2.08. The stock has a 50-day moving average of $5.53 and a 200-day moving average of $5.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.88 and a quick ratio of 0.88.

Veren Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be paid a $0.0797 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 4.79%. Veren’s dividend payout ratio (DPR) 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.