Vermilion Energy Inc. (NYSE:VET) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can boosted its holdings in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 586,529 shares of the oil and gas company’s stock after buying an additional 55,443 shares during the period. Bank of Montreal Can owned approximately 0.38% of Vermilion Energy worth $5,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Larson Financial Group LLC increased its holdings in shares of Vermilion Energy by 1,123.6% during the fourth quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company’s stock valued at $41,000 after acquiring 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 $103,000. Amundi increased its position in shares of Vermilion Energy by 74.0% in the 4th 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 during the period. Truist Financial Corp purchased a new position in Vermilion Energy in the 4th quarter worth $119,000. Finally, Diametric Capital LP acquired a new stake in Vermilion Energy during the 4th quarter worth about $119,000. 31.91% of the stock is currently owned by hedge funds and other institutional investors.

Vermilion Energy Price Performance

Shares of NYSE VET opened at $6.29 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 1.19. The stock has a market capitalization of $972.62 million, a price-to-earnings ratio of -1.68 and a beta of 1.43. The firm’s 50 day simple moving average is $7.94 and its 200-day simple moving average is $9.13. Vermilion Energy Inc. has a 12 month low of $5.14 and a 12 month high of $12.68.

Vermilion Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.0903 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.74%. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.09. Vermilion Energy’s dividend payout ratio is -163.64%.

Analysts Set New Price Targets

VET has been the subject of several research analyst reports. Desjardins cut Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, March 18th. StockNews.com downgraded shares of Vermilion Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Finally, Atb Cap Markets cut shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 13th.

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.