FourThought Financial Partners LLC Takes $168,000 Position in Veren Inc. (NYSE:VRN)

FourThought Financial Partners LLC purchased a new position in shares of Veren Inc. (NYSE:VRN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 32,644 shares of the company’s stock, valued at approximately $168,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Barclays PLC lifted its position in Veren by 313.7% during the 3rd quarter. Barclays PLC now owns 132,245 shares of the company’s stock worth $813,000 after acquiring an additional 100,279 shares during the period. Intact Investment Management Inc. raised its stake in shares of Veren by 46.7% during the third quarter. Intact Investment Management Inc. now owns 5,458,686 shares of the company’s stock worth $33,624,000 after purchasing an additional 1,737,840 shares during the last quarter. Alberta Investment Management Corp raised its stake in shares of Veren by 108.0% during the fourth quarter. Alberta Investment Management Corp now owns 689,400 shares of the company’s stock worth $3,542,000 after purchasing an additional 358,000 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Veren by 19.3% during the third quarter. Principal Financial Group Inc. now owns 4,038,140 shares of the company’s stock worth $24,899,000 after purchasing an additional 653,300 shares during the period. Finally, Toronto Dominion Bank grew its position in Veren by 302.4% in the 3rd quarter. Toronto Dominion Bank now owns 553,902 shares of the company’s stock valued at $3,406,000 after buying an additional 416,265 shares during the last quarter. Hedge funds and other institutional investors own 49.37% of the company’s stock.

Veren Price Performance

Shares of VRN opened at $4.82 on Thursday. 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’s 50 day moving average is $5.19 and its two-hundred day moving average is $5.74. Veren Inc. has a twelve month low of $4.39 and a twelve month high of $9.28. The firm has a market capitalization of $2.95 billion, a PE ratio of 3.44 and a beta of 2.10.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada cut their price objective on shares of Veren from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, November 1st.

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.