Charles Schwab Investment Management Inc. Buys 40,622 Shares of Vermilion Energy Inc. (NYSE:VET)

Charles Schwab Investment Management Inc. raised its stake in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 661,284 shares of the oil and gas company's stock after acquiring an additional 40,622 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.43% of Vermilion Energy worth $6,221,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Truist Financial Corp bought a new position in Vermilion Energy during the fourth quarter valued at approximately $119,000. Blue Trust Inc. raised its holdings in shares of Vermilion Energy by 45.6% during the 4th quarter. Blue Trust Inc. now owns 20,382 shares of the oil and gas company's stock worth $199,000 after acquiring an additional 6,386 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Vermilion Energy during the 3rd quarter valued at approximately $277,000. Barclays PLC grew its holdings in shares of Vermilion Energy by 1,469.8% in the third quarter. Barclays PLC now owns 44,581 shares of the oil and gas company's stock valued at $435,000 after purchasing an additional 41,741 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in Vermilion Energy in the third quarter worth $555,000. Hedge funds and other institutional investors own 31.91% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on VET shares. Desjardins cut shares of Vermilion Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 18th. StockNews.com cut Vermilion Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Finally, Atb Cap Markets lowered Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 13th.

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Vermilion Energy Trading Down 1.2 %

Shares of VET traded down $0.10 during midday trading on Friday, hitting $8.16. The stock had a trading volume of 982,649 shares, compared to its average volume of 1,107,506. Vermilion Energy Inc. has a 1 year low of $7.09 and a 1 year high of $12.79. 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's 50 day moving average is $8.75 and its 200 day moving average is $9.40. The firm has a market cap of $1.26 billion, a PE ratio of -2.18 and a beta of 1.91.

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.0903 dividend. This represents a $0.36 annualized dividend and a dividend yield of 4.43%. This is an increase from Vermilion Energy's previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, March 31st. Vermilion Energy's dividend payout ratio is presently -163.64%.

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.