Vermilion Energy Inc. (NYSE:VET) Stock Position Increased by Intact Investment Management Inc.

Intact Investment Management Inc. boosted its position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 10.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 about 0.25% of Vermilion Energy worth $3,619,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of VET. Royce & Associates LP bought a new stake in shares of Vermilion Energy during the 3rd quarter worth about $6,001,000. The Manufacturers Life Insurance Company raised its position in shares of Vermilion Energy by 345.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 592,839 shares of the oil and gas company’s stock worth $5,790,000 after buying an additional 459,746 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of Vermilion Energy by 72.8% during the 3rd quarter. Two Sigma Advisers LP now owns 1,040,076 shares of the oil and gas company’s stock worth $10,162,000 after buying an additional 438,200 shares in the last quarter. PDT Partners LLC raised its position in shares of Vermilion Energy by 286.6% during the 3rd quarter. PDT Partners LLC now owns 280,562 shares of the oil and gas company’s stock worth $2,741,000 after buying an additional 207,981 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Vermilion Energy during the 3rd quarter worth about $1,947,000. 31.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Atb Cap Markets downgraded shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th. StockNews.com downgraded shares of Vermilion Energy from a “buy” rating to a “hold” rating in a research report on Saturday.

Vermilion Energy Stock Performance

Shares of VET opened at $7.77 on Friday. The firm’s 50 day moving average is $9.16 and its 200-day moving average is $9.52. The stock has a market capitalization of $1.20 billion, a P/E ratio of -2.08 and a beta of 1.91. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 1.19. Vermilion Energy Inc. has a 12-month low of $7.09 and a 12-month high of $12.79.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.0903 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.36 annualized dividend and a dividend yield of 4.65%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. 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.