DRW Securities LLC Acquires 71,600 Shares of Vermilion Energy Inc. (NYSE:VET)

DRW Securities LLC grew its position in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 55.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 201,600 shares of the oil and gas company's stock after purchasing an additional 71,600 shares during the quarter. DRW Securities LLC owned 0.13% of Vermilion Energy worth $1,979,000 as of its most recent filing with the SEC.

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

Vermilion Energy Stock Down 2.1 %

Shares of VET traded down $0.22 during mid-day trading on Monday, hitting $10.47. 1,407,291 shares of the company's stock were exchanged, compared to its average volume of 1,157,526. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of -2.80 and a beta of 2.00. The firm has a fifty day moving average of $9.85 and a two-hundred day moving average of $10.49. The company has a quick ratio of 1.19, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. Vermilion Energy Inc. has a twelve month low of $8.70 and a twelve month high of $13.03.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.089 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.40%. This is an increase from Vermilion Energy's previous quarterly dividend of $0.09. The ex-dividend date is Tuesday, December 31st. Vermilion Energy's dividend payout ratio (DPR) is presently -9.36%.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets downgraded 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.