ARGA Investment Management LP Makes New Investment in Vermilion Energy Inc. (NYSE:VET)

ARGA Investment Management LP acquired a new position in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 62,798 shares of the oil and gas company's stock, valued at approximately $613,000.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Vermilion Energy by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 5,925,874 shares of the oil and gas company's stock worth $73,718,000 after buying an additional 71,476 shares during the period. Millennium Management LLC grew its holdings in Vermilion Energy by 34.5% in the second quarter. Millennium Management LLC now owns 5,484,654 shares of the oil and gas company's stock worth $60,359,000 after purchasing an additional 1,405,653 shares during the period. Dimensional Fund Advisors LP increased its stake 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 purchasing an additional 134,216 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Vermilion Energy by 6.4% during the second quarter. American Century Companies Inc. now owns 2,190,255 shares of the oil and gas company's stock valued at $24,111,000 after purchasing an additional 131,780 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Vermilion Energy by 0.6% in the 2nd 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 purchasing an additional 9,304 shares in the last quarter. 31.91% of the stock is owned by institutional investors.

Vermilion Energy Stock Up 0.4 %

Vermilion Energy stock traded up $0.04 during mid-day trading on Friday, reaching $10.24. The stock had a trading volume of 275,672 shares, compared to its average volume of 1,260,367. Vermilion Energy Inc. has a one year low of $8.70 and a one year high of $13.03. The company has a 50-day moving average price of $9.92 and a two-hundred day moving average price of $10.44. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -2.74 and a beta of 2.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 1.19.

Vermilion Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.089 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Tuesday, December 31st. This is an increase from Vermilion Energy's previous quarterly dividend of $0.09. Vermilion Energy's dividend payout ratio is currently -9.63%.

Analyst Ratings Changes

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

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.