BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 713,270 Shares of Vermilion Energy Inc. (NYSE:VET)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its position in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 90.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 76,758 shares of the oil and gas company's stock after selling 713,270 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Vermilion Energy were worth $749,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of VET. EverSource Wealth Advisors LLC raised its holdings in shares of Vermilion Energy by 2,569.2% during 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 purchasing an additional 3,674 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Vermilion Energy during the second quarter worth $122,000. Net Worth Advisory Group purchased a new stake in Vermilion Energy during the third quarter valued at $115,000. Blue Trust Inc. raised its stake in Vermilion Energy by 601.9% during 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 in the last quarter. Finally, Perkins Coie Trust Co purchased a new stake in Vermilion Energy during the second quarter valued at $182,000. 31.91% of the stock is owned by hedge funds and other institutional investors.

Vermilion Energy Trading Down 4.8 %

Shares of NYSE VET traded down $0.48 during mid-day trading on Friday, reaching $9.55. The company had a trading volume of 722,987 shares, compared to its average volume of 1,144,349. The business's 50-day moving average is $9.94 and its 200-day moving average is $10.40. 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 stock has a market cap of $1.48 billion, a price-to-earnings ratio of -2.56 and a beta of 1.99. Vermilion Energy Inc. has a 52 week low of $8.70 and a 52 week high of $12.94.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.089 per share. This represents a $0.36 annualized dividend and a yield of 3.73%. This is a boost from Vermilion Energy's previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Tuesday, December 31st. Vermilion Energy's dividend payout ratio is presently -9.63%.

Wall Street Analysts Forecast Growth

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