JPMorgan Chase & Co. Reduces Holdings in Vermilion Energy Inc. (NYSE:VET)

JPMorgan Chase & Co. lessened its position in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 51.1% during the third quarter, Holdings Channel reports. The institutional investor owned 58,449 shares of the oil and gas company’s stock after selling 61,041 shares during the quarter. JPMorgan Chase & Co.’s holdings in Vermilion Energy were worth $571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its position in shares of Vermilion Energy by 345.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 592,839 shares of the oil and gas company’s stock valued at $5,790,000 after buying an additional 459,746 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Vermilion Energy during the 3rd quarter valued at $1,947,000. Verition Fund Management LLC purchased a new position in shares of Vermilion Energy during the 3rd quarter valued at $555,000. Two Sigma Advisers LP lifted its position in shares of Vermilion Energy by 72.8% during the 3rd quarter. Two Sigma Advisers LP now owns 1,040,076 shares of the oil and gas company’s stock valued at $10,162,000 after buying an additional 438,200 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Vermilion Energy by 1,469.8% during the 3rd quarter. Barclays PLC now owns 44,581 shares of the oil and gas company’s stock valued at $435,000 after buying an additional 41,741 shares during the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Vermilion Energy Stock Performance

NYSE:VET opened at $9.59 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.25. Vermilion Energy Inc. has a 52-week low of $8.22 and a 52-week high of $12.79. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -2.56 and a beta of 1.99. The business’s fifty day moving average is $9.79 and its 200 day moving average is $9.89.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.089 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.71%. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.09. The ex-dividend date was Tuesday, December 31st. Vermilion Energy’s payout ratio is presently -8.82%.

Analyst Ratings Changes

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

Vermilion Energy Company 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.