Charles Schwab Investment Management Inc. Purchases 23,787 Shares of Vermilion Energy Inc. (NYSE:VET)

Charles Schwab Investment Management Inc. increased its position in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 4.0% during the third quarter, HoldingsChannel reports. The fund owned 620,662 shares of the oil and gas company’s stock after buying an additional 23,787 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Vermilion Energy were worth $6,064,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VET. EverSource Wealth Advisors LLC grew its holdings in Vermilion Energy by 2,569.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 3,674 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Vermilion Energy during the second quarter worth $122,000. Net Worth Advisory Group bought a new stake in shares of Vermilion Energy in the third quarter worth $115,000. Blue Trust Inc. increased its holdings in Vermilion Energy by 601.9% in the third quarter. Blue Trust Inc. now owns 13,996 shares of the oil and gas company’s stock valued at $137,000 after purchasing an additional 12,002 shares during the period. Finally, Aigen Investment Management LP increased its holdings in Vermilion Energy by 29.8% in the third quarter. Aigen Investment Management LP now owns 27,148 shares of the oil and gas company’s stock valued at $265,000 after purchasing an additional 6,229 shares during the period. Institutional investors and hedge funds own 31.91% of the company’s stock.

Vermilion Energy Trading Up 1.0 %

NYSE VET opened at $9.63 on Thursday. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -2.57 and a beta of 1.99. The business has a 50 day moving average price of $9.92 and a 200-day moving average price of $10.31. The company has a quick ratio of 1.19, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. Vermilion Energy Inc. has a 52 week low of $8.70 and a 52 week high of $12.94.

Vermilion Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.089 dividend. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.36 annualized dividend and a yield of 3.70%. Vermilion Energy’s dividend payout ratio (DPR) is -9.36%.

Analysts Set New Price Targets

Separately, BMO Capital Markets lowered shares of Vermilion Energy from an “outperform” rating to a “market perform” rating in a research note on Friday, October 4th.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.