Intact Investment Management Inc. Boosts Holdings in Vermilion Energy Inc. (NYSE:VET)

Intact Investment Management Inc. raised its position in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 10.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 384,500 shares of the oil and gas company's stock after purchasing an additional 35,900 shares during the quarter. Intact Investment Management Inc. owned 0.25% of Vermilion Energy worth $3,619,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of VET. Larson Financial Group LLC raised its position in shares of Vermilion Energy by 1,123.6% during the fourth quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company's stock valued at $41,000 after buying an additional 4,000 shares during the last quarter. Citizens Financial Group Inc. RI bought a new stake in shares of Vermilion Energy during the fourth quarter valued at approximately $103,000. Amundi raised its position in shares of Vermilion Energy by 74.0% during the fourth quarter. Amundi now owns 11,020 shares of the oil and gas company's stock valued at $104,000 after buying an additional 4,685 shares during the last quarter. Truist Financial Corp bought a new stake in shares of Vermilion Energy during the fourth quarter valued at approximately $119,000. Finally, Blue Trust Inc. raised its position in shares of Vermilion Energy by 45.6% during the fourth quarter. Blue Trust Inc. now owns 20,382 shares of the oil and gas company's stock valued at $199,000 after buying an additional 6,386 shares during the last quarter. Institutional investors own 31.91% of the company's stock.

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Vermilion Energy Price Performance

VET traded up $0.10 during trading hours on Wednesday, hitting $8.02. The company's stock had a trading volume of 1,037,819 shares, compared to its average volume of 1,111,481. The business's 50-day moving average price is $9.03 and its 200-day moving average price is $9.46. Vermilion Energy Inc. has a 12 month low of $7.09 and a 12 month high of $12.79. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of -2.14 and a beta of 1.91. The company has a current ratio of 1.25, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36.

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.0903 dividend. This represents a $0.36 annualized dividend and a yield of 4.51%. The ex-dividend date is Monday, March 31st. This is a boost from Vermilion Energy's previous quarterly dividend of $0.09. Vermilion Energy's payout ratio is currently -163.64%.

Wall Street Analyst Weigh In

VET has been the topic of several recent analyst reports. StockNews.com cut shares of Vermilion Energy from a "buy" rating to a "hold" rating in a research report on Saturday. Atb Cap Markets cut shares of Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 13th.

Vermilion Energy 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.