Zurcher Kantonalbank Zurich Cantonalbank cut its position in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 32.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 129,082 shares of the oil and gas company's stock after selling 60,931 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.08% of Vermilion Energy worth $1,214,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC raised its position in shares of Vermilion Energy by 1,123.6% in the 4th 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 in the last quarter. Amundi grew its holdings in shares of Vermilion Energy by 74.0% during the 4th quarter. Amundi now owns 11,020 shares of the oil and gas company's stock valued at $104,000 after purchasing an additional 4,685 shares during the last quarter. Truist Financial Corp bought a new stake in shares of Vermilion Energy during the 4th quarter valued at approximately $119,000. Blue Trust Inc. grew its holdings 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 valued at $199,000 after purchasing an additional 6,386 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Vermilion Energy during the 3rd quarter valued at approximately $277,000. 31.91% of the stock is currently owned by institutional investors and hedge funds.
Vermilion Energy Trading Down 0.3 %
VET traded down $0.03 during trading on Friday, reaching $8.24. 780,891 shares of the company's stock were exchanged, compared to its average volume of 1,112,866. Vermilion Energy Inc. has a one year low of $7.09 and a one year high of $12.79. The company has a current ratio of 1.25, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $1.27 billion, a PE ratio of -2.20 and a beta of 1.91. The firm has a fifty day moving average price of $8.91 and a two-hundred day moving average price of $9.43.
Vermilion Energy Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.0903 per share. This represents a $0.36 dividend on an annualized basis and a yield of 4.39%. This is a positive change from Vermilion Energy's previous quarterly dividend of $0.09. The ex-dividend date is Monday, March 31st. Vermilion Energy's payout ratio is presently -163.64%.
Analyst Upgrades and Downgrades
VET has been the topic of several research reports. Atb Cap Markets lowered shares of Vermilion Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 13th. StockNews.com lowered shares of Vermilion Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. Finally, Desjardins lowered shares of Vermilion Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, March 18th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold".
View Our Latest Stock Report on Vermilion Energy
About Vermilion Energy
(
Free Report)
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.
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