South Dakota Investment Council Acquires 1,143,159 Shares of Veren Inc. (NYSE:VRN)

South Dakota Investment Council grew its holdings in Veren Inc. (NYSE:VRN) by 194.2% in the 4th quarter, Holdings Channel reports. The fund owned 1,731,831 shares of the company’s stock after purchasing an additional 1,143,159 shares during the quarter. South Dakota Investment Council’s holdings in Veren were worth $8,902,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arkadios Wealth Advisors acquired a new stake in shares of Veren in the fourth quarter valued at $59,000. Truist Financial Corp bought a new position in shares of Veren during the 4th quarter valued at about $76,000. Blue Trust Inc. acquired a new stake in Veren in the 3rd quarter valued at approximately $104,000. Wilmington Savings Fund Society FSB acquired a new stake in Veren in the 3rd quarter valued at approximately $108,000. Finally, Canoe Financial LP acquired a new position in shares of Veren during the 4th quarter worth approximately $103,000. 49.37% of the stock is owned by institutional investors.

Veren Price Performance

Shares of VRN opened at $5.01 on Friday. The stock has a market cap of $3.06 billion, a PE ratio of 3.58 and a beta of 2.10. The business has a 50-day simple moving average of $5.17 and a two-hundred day simple moving average of $5.79. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.34. Veren Inc. has a 12-month low of $4.39 and a 12-month high of $9.28.

Analysts Set New Price Targets

Separately, Royal Bank of Canada decreased their target price on Veren from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday, November 1st.

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.