Citizens Financial Group Inc. RI Acquires New Position in Vermilion Energy Inc. (NYSE:VET)

Citizens Financial Group Inc. RI bought a new position in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 11,000 shares of the oil and gas company’s stock, valued at approximately $103,000.

A number of other hedge funds also recently added to or reduced their stakes in VET. National Bank of Canada FI grew its stake in shares of Vermilion Energy by 2.7% in the third quarter. National Bank of Canada FI now owns 1,730,388 shares of the oil and gas company’s stock worth $16,890,000 after acquiring an additional 45,513 shares in the last quarter. Two Sigma Advisers LP grew its stake in 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 purchasing an additional 438,200 shares in the last quarter. Alberta Investment Management Corp increased its holdings in Vermilion Energy by 12.8% during the 4th quarter. Alberta Investment Management Corp now owns 719,000 shares of the oil and gas company’s stock worth $6,764,000 after purchasing an additional 81,500 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Vermilion Energy by 6.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 661,284 shares of the oil and gas company’s stock worth $6,221,000 after purchasing an additional 40,622 shares during the period. Finally, Royce & Associates LP acquired a new stake in Vermilion Energy in the 3rd quarter valued at about $6,001,000. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on VET shares. Atb Cap Markets lowered shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note 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 Up 4.1 %

Shares of NYSE VET opened at $7.77 on Friday. The business has a 50-day moving average of $9.16 and a two-hundred day moving average of $9.52. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of -2.08 and a beta of 1.91. Vermilion Energy Inc. has a 1 year low of $7.09 and a 1 year high of $12.79. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid 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 is Monday, March 31st. This represents a $0.36 annualized dividend and a yield of 4.65%. Vermilion Energy’s payout ratio is presently -163.64%.

Vermilion Energy Company 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.