Royce & Associates LP Takes Position in Vermilion Energy Inc. (NYSE:VET)

Royce & Associates LP acquired a new stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) in the third quarter, according to its most recent filing with the SEC. The fund acquired 614,870 shares of the oil and gas company’s stock, valued at approximately $6,001,000. Royce & Associates LP owned approximately 0.39% of Vermilion Energy at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its holdings in shares of Vermilion Energy by 2,569.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 3,674 shares during the period. Net Worth Advisory Group purchased a new stake in Vermilion Energy during the 3rd quarter worth about $115,000. Marshall Wace LLP bought a new position in Vermilion Energy in the 2nd quarter worth about $122,000. Blue Trust Inc. grew its holdings in Vermilion Energy by 601.9% during the 3rd quarter. Blue Trust Inc. now owns 13,996 shares of the oil and gas company’s stock valued at $137,000 after buying an additional 12,002 shares in the last quarter. Finally, Bank of Nova Scotia Trust Co. increased its position in shares of Vermilion Energy by 15.8% during the first quarter. Bank of Nova Scotia Trust Co. now owns 11,650 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 1,593 shares during the period. 31.91% of the stock is currently owned by hedge funds and other institutional investors.

Vermilion Energy Trading Down 0.7 %

Vermilion Energy stock opened at $9.90 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.25. Vermilion Energy Inc. has a fifty-two week low of $8.70 and a fifty-two week high of $13.35. The stock has a market cap of $1.54 billion, a P/E ratio of -2.65 and a beta of 2.00. The firm’s fifty day moving average price is $9.71 and its 200-day moving average price is $10.54.

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.089 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 annualized dividend and a dividend yield of 3.60%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. Vermilion Energy’s dividend payout ratio (DPR) is presently -9.63%.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lowered shares of Vermilion Energy from an “outperform” rating to a “market perform” rating in a research report on Friday, October 4th.

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.