Royce & Associates LP Buys 303,370 Shares of Vermilion Energy Inc. (NYSE:VET)

Royce & Associates LP boosted its stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 49.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 918,240 shares of the oil and gas company’s stock after buying an additional 303,370 shares during the period. Royce & Associates LP’s holdings in Vermilion Energy were worth $8,643,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of VET. Larson Financial Group LLC boosted its holdings in shares of Vermilion Energy by 1,123.6% during the fourth quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 4,000 shares during the period. Citizens Financial Group Inc. RI acquired a new stake in Vermilion Energy during the 4th quarter worth approximately $103,000. Amundi boosted its stake in Vermilion Energy by 74.0% in the 4th 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 during the period. Truist Financial Corp acquired a new position in Vermilion Energy in the 4th quarter valued at $119,000. Finally, Blue Trust Inc. increased its position in Vermilion Energy by 45.6% during the 4th quarter. Blue Trust Inc. now owns 20,382 shares of the oil and gas company’s stock worth $199,000 after buying an additional 6,386 shares during the period. 31.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on VET shares. Atb Cap Markets cut shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th. StockNews.com downgraded shares of Vermilion Energy from a “buy” rating to a “hold” rating in a report on Saturday.

Vermilion Energy Price Performance

Shares of NYSE VET opened at $7.93 on Wednesday. The stock has a market capitalization of $1.23 billion, a PE ratio of -2.12 and a beta of 1.91. Vermilion Energy Inc. has a fifty-two week low of $7.09 and a fifty-two week 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. The business has a fifty day moving average price of $9.03 and a two-hundred day moving average price of $9.46.

Vermilion Energy Increases Dividend

The company also recently disclosed 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 4.56%. This is an increase 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 presently -163.64%.

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.