Boston Partners Purchases 50,016 Shares of Vermilion Energy Inc. (NYSE:VET)

Boston Partners boosted its position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 33.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 200,801 shares of the oil and gas company’s stock after purchasing an additional 50,016 shares during the quarter. Boston Partners owned approximately 0.13% of Vermilion Energy worth $1,888,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC lifted its position in Vermilion Energy by 1,123.6% during the 4th quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 4,000 shares during the period. Citizens Financial Group Inc. RI bought a new position in shares of Vermilion Energy during the fourth quarter valued at approximately $103,000. Amundi boosted its position in shares of Vermilion Energy by 74.0% in the 4th quarter. Amundi now owns 11,020 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 4,685 shares in the last quarter. Truist Financial Corp purchased a new stake in shares of Vermilion Energy in the 4th quarter worth approximately $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 valued at $199,000 after buying an additional 6,386 shares in the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Vermilion Energy Stock Performance

Shares of VET opened at $8.24 on Friday. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -2.20 and a beta of 1.91. The business’s fifty day simple moving average is $8.91 and its two-hundred day simple moving average is $9.43. Vermilion Energy Inc. has a 12 month low of $7.09 and a 12 month high of $12.79. The company has a current ratio of 1.25, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.0903 dividend. This represents a $0.36 annualized dividend and a yield of 4.39%. 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 (DPR) is presently -163.64%.

Wall Street Analysts Forecast Growth

VET has been the topic of several analyst reports. StockNews.com downgraded Vermilion Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Desjardins cut shares of Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday. Finally, 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. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

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.