Vanguard Group Inc. Buys 86,425 Shares of Vermilion Energy Inc. (NYSE:VET)

Vanguard Group Inc. grew its stake in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,066,063 shares of the oil and gas company’s stock after acquiring an additional 86,425 shares during the quarter. Vanguard Group Inc.’s holdings in Vermilion Energy were worth $57,100,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of VET. Larson Financial Group LLC increased its stake in Vermilion Energy by 1,123.6% during the 4th quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 4,000 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new stake in shares of Vermilion Energy during the fourth quarter valued at approximately $103,000. Amundi increased its position in shares of Vermilion Energy by 74.0% during the fourth quarter. Amundi now owns 11,020 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 4,685 shares in the last quarter. Truist Financial Corp bought a new stake in shares of Vermilion Energy during the fourth quarter valued at approximately $119,000. Finally, Magnetar Financial LLC purchased a new position in Vermilion Energy in the 4th quarter worth approximately $156,000. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Atb Cap Markets lowered Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 13th. StockNews.com downgraded Vermilion Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Finally, Desjardins cut shares of Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, March 18th.

Vermilion Energy Trading Up 6.0 %

NYSE:VET opened at $6.09 on Friday. The company has a market cap of $940.92 million, a PE ratio of -1.63 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The company has a 50 day simple moving average of $7.99 and a two-hundred day simple moving average of $9.15. Vermilion Energy Inc. has a 12 month low of $5.14 and a 12 month high of $12.78.

Vermilion Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.0903 per share. This represents a $0.36 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. Vermilion Energy’s dividend payout ratio is -163.64%.

Vermilion Energy Profile

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.