Magnetar Financial LLC Invests $156,000 in Vermilion Energy Inc. (NYSE:VET)

Magnetar Financial LLC bought a new position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,632 shares of the oil and gas company’s stock, valued at approximately $156,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VET. Larson Financial Group LLC boosted its position in shares of Vermilion Energy by 1,123.6% during 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 acquiring an additional 4,000 shares during the last quarter. Amundi raised its stake in 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 purchasing an additional 4,685 shares in the last quarter. Blue Trust Inc. lifted its position in 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 purchasing an additional 6,386 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of 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 worth $1,534,000 after buying an additional 9,154 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its position in shares of Vermilion Energy by 11.4% during the 4th quarter. Vontobel Holding Ltd. now owns 92,500 shares of the oil and gas company’s stock valued at $870,000 after purchasing an additional 9,500 shares during the last quarter. 31.91% of the stock is owned by institutional investors.

Vermilion Energy Stock Performance

Shares of Vermilion Energy stock opened at $8.24 on Monday. The company has a market capitalization of $1.27 billion, a PE ratio of -2.20 and a beta of 1.91. The company has a 50-day simple moving average of $8.91 and a two-hundred day simple moving average of $9.43. Vermilion Energy Inc. has a one year low of $7.09 and a one year high of $12.79. 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.0903 per share. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.36 dividend on an annualized basis and a yield of 4.39%. Vermilion Energy’s dividend payout ratio is presently -163.64%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VET. StockNews.com cut shares of Vermilion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 15th. Desjardins cut Vermilion Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, March 18th. Finally, Atb Cap Markets downgraded shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 13th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.