Aegis Financial Corp Buys 6,189 Shares of Vermilion Energy Inc. (NYSE:VET)

Aegis Financial Corp raised its holdings in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 296,189 shares of the oil and gas company’s stock after buying an additional 6,189 shares during the quarter. Vermilion Energy comprises 2.4% of Aegis Financial Corp’s holdings, making the stock its 11th largest position. Aegis Financial Corp owned 0.19% of Vermilion Energy worth $2,787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of VET. Larson Financial Group LLC raised its stake 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 buying an additional 4,000 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new position in shares of Vermilion Energy in the 4th quarter valued at about $103,000. Amundi increased its position in shares of Vermilion Energy by 74.0% in 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 in the last quarter. Truist Financial Corp acquired a new position in shares of Vermilion Energy during the 4th quarter worth approximately $119,000. Finally, Magnetar Financial LLC purchased a new position in shares of Vermilion Energy during the 4th quarter valued at approximately $156,000. 31.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. StockNews.com lowered Vermilion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Desjardins lowered shares of 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 investment 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, the company presently has an average rating of “Hold”.

Vermilion Energy Stock Performance

Shares of Vermilion Energy stock opened at $8.30 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.25. The business’s 50 day moving average price is $8.79 and its 200 day moving average price is $9.41. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -2.22 and a beta of 1.91. Vermilion Energy Inc. has a one year low of $7.09 and a one year high of $12.79.

Vermilion Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.0903 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.35%. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.09. Vermilion Energy’s dividend 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.