Vermilion Energy Inc. (NYSE:VET) Holdings Lifted by Renaissance Group LLC

Renaissance Group LLC increased its stake in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 24.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 662,663 shares of the oil and gas company's stock after buying an additional 130,202 shares during the period. Renaissance Group LLC owned about 0.43% of Vermilion Energy worth $6,229,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Vermilion Energy by 26.1% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,109,501 shares of the oil and gas company's stock worth $10,429,000 after purchasing an additional 229,900 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Vermilion Energy in the third quarter worth about $1,947,000. Verition Fund Management LLC bought a new stake in Vermilion Energy in the third quarter valued at about $555,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Vermilion Energy during the fourth quarter valued at approximately $761,000. Finally, Alberta Investment Management Corp raised its stake in Vermilion Energy by 12.8% during the fourth quarter. Alberta Investment Management Corp now owns 719,000 shares of the oil and gas company's stock valued at $6,764,000 after buying an additional 81,500 shares in the last quarter. 31.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Vermilion Energy Stock Performance

Shares of NYSE:VET traded up $0.35 during trading on Friday, hitting $6.09. 1,248,852 shares of the company traded hands, compared to its average volume of 1,144,077. The company has a quick ratio of 1.19, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The business's fifty day moving average is $7.99 and its 200-day moving average is $9.15. The stock has a market capitalization of $940.92 million, a price-to-earnings ratio of -1.63 and a beta of 1.43. Vermilion Energy Inc. has a one year low of $5.14 and a one year high of $12.68.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.0903 per share. This is an increase from Vermilion Energy's previous quarterly dividend of $0.09. This represents a $0.36 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date is Monday, March 31st. Vermilion Energy's dividend payout ratio is presently -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.