Bank of Montreal Can Reduces Position in Vermilion Energy Inc. (NYSE:VET)

Bank of Montreal Can cut its stake in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 14.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 531,086 shares of the oil and gas company's stock after selling 86,977 shares during the quarter. Bank of Montreal Can owned approximately 0.34% of Vermilion Energy worth $5,108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its holdings in Vermilion Energy by 2,569.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company's stock valued at $41,000 after buying an additional 3,674 shares during the period. Marshall Wace LLP acquired a new stake in shares of Vermilion Energy in the 2nd quarter valued at approximately $122,000. Net Worth Advisory Group acquired a new position in shares of Vermilion Energy during the 3rd quarter worth about $115,000. Blue Trust Inc. increased its holdings in shares of Vermilion Energy by 601.9% in the third quarter. Blue Trust Inc. now owns 13,996 shares of the oil and gas company's stock valued at $137,000 after purchasing an additional 12,002 shares during the last quarter. Finally, Perkins Coie Trust Co acquired a new stake in shares of Vermilion Energy during the 2nd quarter worth $182,000. Institutional investors and hedge funds own 31.91% of the company's stock.

Vermilion Energy Stock Performance

Shares of VET stock traded down $0.21 during trading hours on Wednesday, hitting $10.00. 861,978 shares of the company were exchanged, compared to its average volume of 1,148,943. Vermilion Energy Inc. has a 52-week low of $8.70 and a 52-week high of $12.94. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of -2.67 and a beta of 1.99. The company has a current ratio of 1.25, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $9.93 and a 200 day simple moving average of $10.40.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.089 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Vermilion Energy's previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a yield of 3.56%. Vermilion Energy's dividend payout ratio is -9.63%.

Analyst Ratings Changes

Separately, BMO Capital Markets lowered Vermilion Energy from an "outperform" rating to a "market perform" rating in a research note 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.