Connor Clark & Lunn Investment Management Ltd. Sells 4,189,976 Shares of Veren Inc. (NYSE:VRN)

Connor Clark & Lunn Investment Management Ltd. lessened its holdings in shares of Veren Inc. (NYSE:VRN) by 82.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 892,300 shares of the company’s stock after selling 4,189,976 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Veren were worth $4,581,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in shares of Veren by 80.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company’s stock worth $31,000 after acquiring an additional 2,655 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in shares of Veren in the 4th quarter worth $59,000. Truist Financial Corp bought a new stake in shares of Veren in the 4th quarter worth $76,000. Canoe Financial LP bought a new stake in shares of Veren in the 4th quarter worth $103,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Veren in the 3rd quarter worth $108,000. Institutional investors own 49.37% of the company’s stock.

Veren Stock Performance

NYSE VRN opened at $6.11 on Monday. Veren Inc. has a 1 year low of $4.40 and a 1 year high of $9.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 4.36 and a beta of 2.08. The company has a fifty day moving average price of $5.30 and a 200-day moving average price of $5.57.

Veren Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be given a dividend of $0.0797 per share. The ex-dividend date is Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 5.22%. Veren’s payout ratio is currently 100.00%.

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.