Teacher Retirement System of Texas purchased a new stake in Vine Energy Inc. (NYSE:VEI) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 700,000 shares of the company’s stock, valued at approximately $9,618,000. Teacher Retirement System of Texas owned 0.97% of Vine Energy at the end of the most recent reporting period.
Shares of VEI stock opened at $15.26 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.75. Vine Energy Inc. has a twelve month low of $10.85 and a twelve month high of $16.07. The stock’s fifty day simple moving average is $13.33.
In other Vine Energy news, major shareholder Blackstone Energy Partners Ii acquired 4,285,000 shares of the company’s stock in a transaction that occurred on Monday, March 22nd. The stock was acquired at an average cost of $13.30 per share, for a total transaction of $56,990,500.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Vine Energy Profile
Vine Energy Inc, an energy company, focuses on the development of natural gas properties in the stacked Haynesville and Mid-Bossier shale plays in the Haynesville Basin of Northwest Louisiana. The company was founded in 2014 and is based in Plano, Texas.
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