Swiss National Bank Has $7.13 Million Holdings in Veren Inc. (NYSE:VRN)

Swiss National Bank lessened its holdings in Veren Inc. (NYSE:VRN) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,155,900 shares of the company’s stock after selling 13,800 shares during the period. Swiss National Bank’s holdings in Veren were worth $7,131,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of VRN. Dixon Mitchell Investment Counsel Inc. acquired a new position in Veren during the 2nd quarter worth $36,000. EverSource Wealth Advisors LLC acquired a new position in Veren during the 2nd quarter worth $42,000. Pacifica Partners Inc. acquired a new position in Veren during the 2nd quarter worth $61,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in Veren during the 3rd quarter worth $79,000. Finally, Fifth Third Bancorp acquired a new position in Veren during the 2nd quarter worth $85,000. Institutional investors and hedge funds own 49.37% of the company’s stock.

Veren Stock Performance

NYSE:VRN opened at $5.34 on Tuesday. The stock’s 50-day moving average is $5.92. Veren Inc. has a 52-week low of $4.90 and a 52-week high of $9.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $3.29 billion, a P/E ratio of 3.81 and a beta of 2.17.

Veren Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Sunday, December 15th will be issued a dividend of $0.085 per share. This is an increase from Veren’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, December 13th. This represents a $0.34 annualized dividend and a dividend yield of 6.37%. Veren’s payout ratio is presently 24.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on VRN shares. Raymond James started coverage on shares of Veren in a research report on Friday, October 18th. They set a “strong-buy” rating and a $13.00 target price for the company. Royal Bank of Canada cut their target price 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.

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.