First Trust Advisors LP Has $3.97 Million Stake in Vermilion Energy Inc. (NYSE:VET)

First Trust Advisors LP boosted its position in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 20.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 422,008 shares of the oil and gas company's stock after acquiring an additional 71,762 shares during the period. First Trust Advisors LP owned 0.27% of Vermilion Energy worth $3,967,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VET. Larson Financial Group LLC lifted its stake in shares of Vermilion Energy by 1,123.6% in 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 purchasing an additional 4,000 shares during the period. Citizens Financial Group Inc. RI bought a new stake in Vermilion Energy in the fourth quarter valued at about $103,000. Amundi lifted its stake in Vermilion Energy by 74.0% in the fourth quarter. Amundi now owns 11,020 shares of the oil and gas company's stock valued at $104,000 after buying an additional 4,685 shares during the period. Renaissance Technologies LLC bought a new position in Vermilion Energy during the fourth quarter worth about $114,000. Finally, Truist Financial Corp bought a new position in Vermilion Energy during the fourth quarter worth about $119,000. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Atb Cap Markets downgraded shares of Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 13th. StockNews.com lowered shares of Vermilion Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. Desjardins lowered shares of Vermilion Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, March 18th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Vermilion Energy in a research note on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold".

Vermilion Energy Stock Up 3.6 %

Shares of VET traded up $0.22 on Tuesday, hitting $6.25. The company's stock had a trading volume of 1,357,777 shares, compared to its average volume of 1,160,391. The firm's fifty day moving average price is $7.12 and its 200-day moving average price is $8.74. 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 quick ratio of 1.19, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $962.84 million, a price-to-earnings ratio of -1.67 and a beta of 1.43.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.0903 dividend. This represents a $0.36 annualized dividend and a dividend yield of 5.78%. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from Vermilion Energy's previous quarterly dividend of $0.09. Vermilion Energy's dividend payout ratio 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.