National Bank of Canada FI Increases Stock Holdings in Vermilion Energy Inc. (NYSE:VET)

National Bank of Canada FI grew its holdings in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 2.7% during the third quarter, Holdings Channel reports. The firm owned 1,730,388 shares of the oil and gas company’s stock after purchasing an additional 45,513 shares during the quarter. National Bank of Canada FI’s holdings in Vermilion Energy were worth $16,890,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. EverSource Wealth Advisors LLC grew 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 valued at $41,000 after purchasing an additional 3,674 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Vermilion Energy in the second quarter worth $122,000. Net Worth Advisory Group acquired a new position in shares of Vermilion Energy in the third quarter worth $115,000. Blue Trust Inc. raised its stake in shares of Vermilion Energy by 601.9% in the third quarter. Blue Trust Inc. now owns 13,996 shares of the oil and gas company’s stock valued at $137,000 after acquiring an additional 12,002 shares in the last quarter. Finally, Aigen Investment Management LP boosted its holdings in Vermilion Energy by 29.8% in the third quarter. Aigen Investment Management LP now owns 27,148 shares of the oil and gas company’s stock valued at $265,000 after purchasing an additional 6,229 shares during the period. Institutional investors and hedge funds own 31.91% of the company’s stock.

Analyst Upgrades and Downgrades

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

Vermilion Energy Trading Up 2.2 %

NYSE:VET opened at $9.76 on Tuesday. Vermilion Energy Inc. has a 1 year low of $8.70 and a 1 year high of $12.94. The stock has a market cap of $1.51 billion, a P/E ratio of -2.61 and a beta of 1.99. 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 stock has a 50-day simple moving average of $9.94 and a 200-day simple moving average of $10.33.

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.089 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.65%. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Tuesday, December 31st. Vermilion Energy’s dividend payout ratio is -9.63%.

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.