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 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 918,240 shares of the oil and gas company’s stock after acquiring an additional 303,370 shares during the quarter. Royce & Associates LP owned 0.59% of Vermilion Energy worth $8,643,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in shares of Vermilion Energy by 1,123.6% in the fourth quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 4,000 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new stake in Vermilion Energy in the 4th quarter valued at approximately $103,000. Amundi lifted 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 acquiring an additional 4,685 shares in the last quarter. Truist Financial Corp acquired a new position in Vermilion Energy during the 4th quarter worth approximately $119,000. Finally, Blue Trust Inc. grew its stake in shares of 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 acquiring an additional 6,386 shares in the last quarter. 31.91% of the stock is owned by institutional investors and hedge funds.

Vermilion Energy Stock Up 0.6 %

VET stock opened at $7.93 on Wednesday. Vermilion Energy Inc. has a twelve month low of $7.09 and a twelve month high of $12.79. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -2.12 and a beta of 1.91. The company has a quick ratio of 1.19, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The business has a 50 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued 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 of this dividend is Monday, March 31st. Vermilion Energy’s payout ratio is presently -163.64%.

Analysts Set New Price Targets

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

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.