Vermilion Energy Inc. (NYSE:VET) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its position in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 30.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 99,318 shares of the oil and gas company's stock after selling 43,021 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.06% of Vermilion Energy worth $934,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Vermilion Energy by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 6,066,063 shares of the oil and gas company's stock worth $57,100,000 after buying an additional 86,425 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Vermilion Energy in the fourth quarter valued at approximately $10,866,000. Grantham Mayo Van Otterloo & Co. LLC increased its position in Vermilion Energy by 26.1% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,109,501 shares of the oil and gas company's stock worth $10,429,000 after purchasing an additional 229,900 shares during the last quarter. Royce & Associates LP raised its stake in Vermilion Energy by 49.3% during the fourth quarter. Royce & Associates LP now owns 918,240 shares of the oil and gas company's stock worth $8,643,000 after purchasing an additional 303,370 shares during the period. Finally, Alberta Investment Management Corp grew its stake in shares of 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 valued at $6,764,000 after buying an additional 81,500 shares during the period. Institutional investors and hedge funds own 31.91% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on VET shares. Atb Cap Markets downgraded Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 13th. StockNews.com cut Vermilion Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. National Bankshares restated an "outperform" rating on shares of Vermilion Energy in a report on Friday, April 25th. Finally, Desjardins cut shares of Vermilion Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold".

Vermilion Energy Stock Up 3.1 %

NYSE VET traded up $0.19 during trading hours on Tuesday, hitting $6.22. The company had a trading volume of 815,970 shares, compared to its average volume of 1,158,295. The firm's 50 day moving average is $7.12 and its 200 day moving average is $8.74. 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 fifty-two week low of $5.14 and a fifty-two week high of $12.68. The company has a market capitalization of $958.21 million, a price-to-earnings ratio of -1.66 and a beta of 1.43.

Vermilion Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.0903 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.81%. This is a positive change from Vermilion Energy's previous quarterly dividend of $0.09. Vermilion Energy's dividend payout ratio (DPR) is -163.64%.

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.