Vermilion Energy Inc. (NYSE:VET) Stock Holdings Lifted by Intact Investment Management Inc.

Intact Investment Management Inc. lifted its position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 384,500 shares of the oil and gas company’s stock after acquiring an additional 35,900 shares during the period. Intact Investment Management Inc.’s holdings in Vermilion Energy were worth $3,619,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. National Bank of Canada FI increased its position in shares of Vermilion Energy by 2.7% in the third quarter. National Bank of Canada FI now owns 1,730,388 shares of the oil and gas company’s stock worth $16,890,000 after acquiring an additional 45,513 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of Vermilion Energy by 72.8% in the third quarter. Two Sigma Advisers LP now owns 1,040,076 shares of the oil and gas company’s stock worth $10,162,000 after acquiring an additional 438,200 shares in the last quarter. Alberta Investment Management Corp increased its position in shares of Vermilion Energy by 12.8% in the fourth quarter. Alberta Investment Management Corp now owns 719,000 shares of the oil and gas company’s stock worth $6,764,000 after acquiring an additional 81,500 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Vermilion Energy by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 661,284 shares of the oil and gas company’s stock worth $6,221,000 after acquiring an additional 40,622 shares in the last quarter. Finally, Royce & Associates LP purchased a new position in shares of Vermilion Energy in the third quarter worth approximately $6,001,000. 31.91% of the stock is owned by hedge funds and other institutional investors.

Vermilion Energy Stock Performance

VET stock opened at $7.77 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.25. The stock has a market cap of $1.20 billion, a P/E ratio of -2.08 and a beta of 1.91. The firm has a 50 day simple moving average of $9.16 and a 200 day simple moving average of $9.52. Vermilion Energy Inc. has a 52 week low of $7.09 and a 52 week high of $12.79.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.0903 per share. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a dividend yield of 4.65%. The ex-dividend date is Monday, March 31st. Vermilion Energy’s dividend payout ratio (DPR) is currently -163.64%.

Analysts Set New Price Targets

Several research firms have recently weighed in on VET. StockNews.com downgraded shares of Vermilion Energy from a “buy” rating to a “hold” rating in a research report on Saturday. Atb Cap Markets cut shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 13th.

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.