Vermilion Energy Inc. (NYSE:VET) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can raised its stake in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 10.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 586,529 shares of the oil and gas company's stock after acquiring an additional 55,443 shares during the quarter. Bank of Montreal Can owned approximately 0.38% of Vermilion Energy worth $5,514,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in VET. Y Intercept Hong Kong Ltd acquired a new position in Vermilion Energy in the 3rd quarter valued at about $277,000. Public Employees Retirement System of Ohio acquired a new stake in Vermilion Energy during the third quarter worth approximately $1,947,000. Barclays PLC grew its stake in Vermilion Energy by 1,469.8% in the 3rd quarter. Barclays PLC now owns 44,581 shares of the oil and gas company's stock worth $435,000 after acquiring an additional 41,741 shares during the period. Toronto Dominion Bank raised its holdings in Vermilion Energy by 6.2% in the 3rd quarter. Toronto Dominion Bank now owns 157,025 shares of the oil and gas company's stock valued at $1,534,000 after acquiring an additional 9,154 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Vermilion Energy by 45.6% during the 4th quarter. Blue Trust Inc. now owns 20,382 shares of the oil and gas company's stock worth $199,000 after purchasing an additional 6,386 shares during the period. 31.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Vermilion Energy Trading Up 3.1 %

Shares of VET traded up $0.20 during trading hours on Friday, hitting $6.52. The stock had a trading volume of 1,077,415 shares, compared to its average volume of 1,154,746. Vermilion Energy Inc. has a 12-month low of $5.14 and a 12-month high of $12.68. The firm has a market cap of $1.01 billion, a P/E ratio of -1.74 and a beta of 1.43. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.25. The company's fifty day simple moving average is $7.76 and its 200 day simple moving average is $9.07.

Vermilion Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.0903 dividend. 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 5.54%. The ex-dividend date of this dividend was Monday, March 31st. Vermilion Energy's payout ratio is currently -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.