Royce & Associates LP Grows Holdings in Vermilion Energy Inc. (NYSE:VET)

Royce & Associates LP increased its stake in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 49.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 918,240 shares of the oil and gas company's stock after acquiring an additional 303,370 shares during the period. Royce & Associates LP owned approximately 0.59% of Vermilion Energy worth $8,643,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VET. The Manufacturers Life Insurance Company raised its position in Vermilion Energy by 345.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 592,839 shares of the oil and gas company's stock valued at $5,790,000 after purchasing an additional 459,746 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of Vermilion Energy by 72.8% during the third quarter. Two Sigma Advisers LP now owns 1,040,076 shares of the oil and gas company's stock worth $10,162,000 after buying an additional 438,200 shares during the period. PDT Partners LLC raised its holdings in Vermilion Energy by 286.6% in the third quarter. PDT Partners LLC now owns 280,562 shares of the oil and gas company's stock valued at $2,741,000 after acquiring an additional 207,981 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Vermilion Energy in the third quarter worth approximately $1,947,000. Finally, Drum Hill Capital LLC acquired a new position in Vermilion Energy during the 4th quarter worth approximately $1,264,000. 31.91% of the stock is currently owned by hedge funds and other institutional investors.

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Vermilion Energy Stock Down 0.3 %

Shares of NYSE:VET traded down $0.03 during trading on Friday, hitting $8.24. 780,891 shares of the company were exchanged, compared to its average volume of 1,111,585. 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 firm's 50 day moving average price is $8.91 and its 200-day moving average price is $9.43. The stock has a market capitalization of $1.27 billion, a P/E ratio of -2.20 and a beta of 1.91. Vermilion Energy Inc. has a 12-month low of $7.09 and a 12-month high of $12.79.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.0903 dividend. This represents a $0.36 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Vermilion Energy's previous quarterly dividend of $0.09. Vermilion Energy's dividend payout ratio is currently -163.64%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Vermilion Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. Desjardins cut Vermilion Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday. Finally, Atb Cap Markets cut Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold".

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.