Verition Fund Management LLC Makes New Investment in Vermilion Energy Inc. (NYSE:VET)

Verition Fund Management LLC purchased a new stake in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,756 shares of the oil and gas company's stock, valued at approximately $555,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Vermilion Energy by 1.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 169,928 shares of the oil and gas company's stock valued at $1,870,000 after purchasing an additional 1,936 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Vermilion Energy by 2,569.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company's stock valued at $41,000 after buying an additional 3,674 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Vermilion Energy by 11.9% in the second quarter. SG Americas Securities LLC now owns 35,646 shares of the oil and gas company's stock valued at $392,000 after buying an additional 3,778 shares during the period. Clear Harbor Asset Management LLC grew its position in Vermilion Energy by 3.3% during the third quarter. Clear Harbor Asset Management LLC now owns 149,129 shares of the oil and gas company's stock worth $1,457,000 after buying an additional 4,702 shares in the last quarter. Finally, Aigen Investment Management LP increased its stake in Vermilion Energy by 29.8% during the third quarter. Aigen Investment Management LP now owns 27,148 shares of the oil and gas company's stock valued at $265,000 after acquiring an additional 6,229 shares during the period. 31.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Vermilion Energy Stock Performance

VET traded down $0.12 during trading on Thursday, reaching $9.52. 542,835 shares of the company's stock were exchanged, compared to its average volume of 1,141,438. The company has a market capitalization of $1.48 billion, a P/E ratio of -2.54 and a beta of 1.99. 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 has a 50 day moving average price of $9.90 and a 200 day moving average price of $10.30. Vermilion Energy Inc. has a fifty-two week low of $8.70 and a fifty-two week high of $12.94.

Vermilion Energy Increases Dividend

The firm also recently announced 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. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a yield of 3.74%. This is a boost from Vermilion Energy's previous quarterly dividend of $0.09. Vermilion Energy's payout ratio is presently -9.36%.

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.