Verition Fund Management LLC Buys Shares of 56,756 Vermilion Energy Inc. (NYSE:VET)

Verition Fund Management LLC purchased a new stake in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 56,756 shares of the oil and gas company’s stock, valued at approximately $555,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Millennium Management LLC raised its stake in Vermilion Energy by 34.5% during the 2nd quarter. Millennium Management LLC now owns 5,484,654 shares of the oil and gas company’s stock valued at $60,359,000 after purchasing an additional 1,405,653 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Vermilion Energy by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,463,245 shares of the oil and gas company’s stock valued at $38,131,000 after buying an additional 134,216 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Vermilion Energy by 6.4% in the second quarter. American Century Companies Inc. now owns 2,190,255 shares of the oil and gas company’s stock worth $24,111,000 after buying an additional 131,780 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Vermilion Energy by 0.6% during the second quarter. National Bank of Canada FI now owns 1,684,875 shares of the oil and gas company’s stock worth $18,461,000 after acquiring an additional 9,304 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Vermilion Energy by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 620,662 shares of the oil and gas company’s stock valued at $6,064,000 after acquiring an additional 23,787 shares in the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Vermilion Energy Trading Up 1.0 %

VET stock opened at $9.63 on Thursday. The firm’s fifty day simple moving average is $9.92 and its two-hundred day simple moving average is $10.31. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of -2.57 and a beta of 1.99. 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 twelve month low of $8.70 and a twelve month high of $12.94.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.089 dividend. The ex-dividend date is Tuesday, December 31st. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.70%. Vermilion Energy’s dividend payout ratio is presently -9.36%.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lowered 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.