Bank of Montreal Can Raises Stock Position in Vermilion Energy Inc. (NYSE:VET)

Bank of Montreal Can grew its stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 10.4% during the 4th quarter, Holdings Channel reports. The firm owned 586,529 shares of the oil and gas company’s stock after purchasing an additional 55,443 shares during the quarter. Bank of Montreal Can’s holdings in Vermilion Energy were worth $5,514,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Larson Financial Group LLC boosted its holdings in Vermilion Energy by 1,123.6% in the 4th quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company’s stock worth $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 fourth quarter valued at approximately $103,000. Amundi boosted its stake 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 worth $104,000 after acquiring an additional 4,685 shares during the last quarter. Truist Financial Corp purchased a new stake in shares of Vermilion Energy during the fourth quarter worth approximately $119,000. Finally, Diametric Capital LP acquired a new position in Vermilion Energy in the 4th quarter valued at $119,000. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Vermilion Energy Price Performance

Shares of VET opened at $6.29 on Tuesday. The firm has a 50-day simple moving average of $7.94 and a two-hundred day simple moving average of $9.13. 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 1-year low of $5.14 and a 1-year high of $12.68. The stock has a market cap of $972.62 million, a PE ratio of -1.68 and a beta of 1.43.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.0903 per share. This represents a $0.36 dividend on an annualized basis and a yield of 5.74%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. The ex-dividend date is Monday, March 31st. Vermilion Energy’s dividend payout ratio is -163.64%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VET. Desjardins lowered shares of Vermilion Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, March 18th. StockNews.com downgraded shares of Vermilion Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Finally, Atb Cap Markets lowered Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th.

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.