Vermilion Energy Inc. (NYSE:VET) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its position in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 345.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 592,839 shares of the oil and gas company's stock after buying an additional 459,746 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.38% of Vermilion Energy worth $5,790,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Millennium Management LLC lifted its holdings in shares of Vermilion Energy by 34.5% in the 2nd quarter. Millennium Management LLC now owns 5,484,654 shares of the oil and gas company's stock valued at $60,359,000 after buying an additional 1,405,653 shares during the period. Royce & Associates LP purchased a new position in Vermilion Energy in the third quarter worth $6,001,000. Dimensional Fund Advisors LP lifted its holdings in Vermilion Energy by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,463,245 shares of the oil and gas company's stock valued at $38,131,000 after acquiring an additional 134,216 shares during the period. American Century Companies Inc. boosted its position in shares of Vermilion Energy by 6.4% during the 2nd quarter. American Century Companies Inc. now owns 2,190,255 shares of the oil and gas company's stock worth $24,111,000 after purchasing an additional 131,780 shares in the last quarter. Finally, Albert D Mason Inc. acquired a new position in shares of Vermilion Energy during the 2nd quarter worth $1,034,000. Hedge funds and other institutional investors own 31.91% of the company's stock.

Analysts Set New Price Targets

Separately, BMO Capital Markets cut shares of Vermilion Energy from an "outperform" rating to a "market perform" rating in a research note on Friday, October 4th.

Vermilion Energy Price Performance

Shares of VET stock traded down $0.48 during midday trading on Friday, reaching $9.55. 1,020,857 shares of the company traded hands, compared to its average volume of 1,145,855. The firm's 50 day simple moving average is $9.94 and its two-hundred day simple moving average is $10.40. The firm has a market cap of $1.48 billion, a PE ratio of -2.56 and a beta of 1.99. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 1.19. Vermilion Energy Inc. has a 1-year low of $8.70 and a 1-year high of $12.94.

Vermilion Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.089 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.73%. This is an increase from Vermilion Energy's previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Tuesday, December 31st. Vermilion Energy's payout ratio is presently -9.63%.

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.