JPMorgan Chase & Co. Has $1.19 Million Stake in Vermilion Energy Inc. (NYSE:VET)

JPMorgan Chase & Co. lifted its position in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 115.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,030 shares of the oil and gas company's stock after purchasing an additional 67,581 shares during the period. JPMorgan Chase & Co. owned 0.08% of Vermilion Energy worth $1,185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC increased its holdings in shares of Vermilion Energy by 1,123.6% during the fourth quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company's stock worth $41,000 after purchasing an additional 4,000 shares during the period. Citizens Financial Group Inc. RI acquired a new position in Vermilion Energy in the 4th quarter valued at $103,000. Amundi lifted its position in shares of Vermilion Energy by 74.0% during the 4th quarter. Amundi now owns 11,020 shares of the oil and gas company's stock valued at $104,000 after acquiring an additional 4,685 shares during the period. Truist Financial Corp acquired a new stake in shares of Vermilion Energy during the 4th quarter worth $119,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Vermilion Energy during the 4th quarter worth $156,000. 31.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VET shares. StockNews.com cut shares of Vermilion Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. Atb Cap Markets downgraded shares of Vermilion Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 13th. Desjardins cut shares of Vermilion Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Finally, National Bankshares restated an "outperform" rating on shares of Vermilion Energy in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold".

Vermilion Energy Price Performance

NYSE:VET traded down $0.08 during trading hours on Tuesday, hitting $6.36. The company's stock had a trading volume of 849,871 shares, compared to its average volume of 1,163,277. 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 company has a market capitalization of $980.57 million, a P/E ratio of -1.70 and a beta of 1.43. Vermilion Energy Inc. has a twelve month low of $5.14 and a twelve month high of $12.68. The stock has a fifty day simple moving average of $7.38 and a 200-day simple moving average of $8.87.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.0903 per share. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from Vermilion Energy's previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a dividend yield of 5.68%. Vermilion Energy's payout ratio is -163.64%.

About Vermilion Energy

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.