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

First Trust Advisors LP boosted its holdings in shares of 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 and Exchange Commission. The institutional investor 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 approximately 0.27% of Vermilion Energy worth $3,967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of VET. Larson Financial Group LLC grew its position 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 shares of Vermilion Energy during the fourth quarter worth $103,000. Amundi raised its holdings in shares of Vermilion Energy by 74.0% during the fourth quarter. Amundi now owns 11,020 shares of the oil and gas company's stock worth $104,000 after acquiring an additional 4,685 shares during the period. Renaissance Technologies LLC acquired a new position in Vermilion Energy in the 4th quarter worth $114,000. Finally, Truist Financial Corp acquired a new stake in shares of Vermilion Energy in the 4th quarter valued at about $119,000. 31.91% of the stock is currently owned by institutional investors.

Vermilion Energy Price Performance

VET stock traded down $0.06 during midday trading on Thursday, reaching $6.05. The company had a trading volume of 810,028 shares, compared to its average volume of 1,161,179. Vermilion Energy Inc. has a 1-year low of $5.14 and a 1-year high of $12.68. The stock has a 50 day moving average price of $7.03 and a 200-day moving average price of $8.71. 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 company has a market capitalization of $932.77 million, a price-to-earnings ratio of -1.62 and a beta of 1.12.

Vermilion Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.0903 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 5.97%. This is a boost from Vermilion Energy's previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, March 31st. Vermilion Energy's dividend payout ratio (DPR) is -163.64%.

Analysts Set New Price Targets

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

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.