Vermilion Energy Inc. (NYSE:VET) Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its stake in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 38.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,939 shares of the oil and gas company's stock after selling 46,889 shares during the period. Invesco Ltd.'s holdings in Vermilion Energy were worth $714,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of VET. Vanguard Group Inc. boosted its stake in Vermilion Energy by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 6,066,063 shares of the oil and gas company's stock valued at $57,100,000 after acquiring an additional 86,425 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Vermilion Energy in the 4th quarter valued at about $10,866,000. Grantham Mayo Van Otterloo & Co. LLC grew its stake in Vermilion Energy by 26.1% during the 4th 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 buying an additional 229,900 shares during the last quarter. Royce & Associates LP increased its position 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 buying an additional 303,370 shares during the period. Finally, Alberta Investment Management Corp lifted its stake in Vermilion Energy by 12.8% in the fourth 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 last quarter. 31.91% of the stock is owned by hedge funds and other institutional investors.

Vermilion Energy Stock Performance

NYSE:VET traded down $0.04 during mid-day trading on Thursday, reaching $6.07. The stock had a trading volume of 651,311 shares, compared to its average volume of 1,239,174. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.25. The business has a 50 day simple moving average of $7.03 and a 200 day simple moving average of $8.71. Vermilion Energy Inc. has a twelve month low of $5.14 and a twelve month high of $12.68. The firm has a market capitalization of $935.85 million, a price-to-earnings ratio of -1.62 and a beta of 1.12.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.0903 per share. This represents a $0.36 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from Vermilion Energy's previous quarterly dividend of $0.09. Vermilion Energy's dividend payout ratio is currently -163.64%.

Analyst Upgrades and Downgrades

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

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.