Invesco Ltd. Sells 46,889 Shares of Vermilion Energy Inc. (NYSE:VET)

Invesco Ltd. reduced its stake in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 38.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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.

Other large investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership bought a new position in Vermilion Energy in the 4th quarter worth about $10,866,000. Royce & Associates LP lifted its holdings in shares of Vermilion Energy by 49.3% in 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 in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of Vermilion Energy by 26.1% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,109,501 shares of the oil and gas company's stock valued at $10,429,000 after acquiring an additional 229,900 shares during the period. Drum Hill Capital LLC purchased a new position in Vermilion Energy during the fourth quarter valued at approximately $1,264,000. Finally, Russell Investments Group Ltd. lifted its stake in Vermilion Energy by 267.2% in the 4th quarter. Russell Investments Group Ltd. now owns 159,556 shares of the oil and gas company's stock worth $1,498,000 after purchasing an additional 116,102 shares in the last quarter. Hedge funds and other institutional investors own 31.91% of the company's stock.

Analyst Upgrades and Downgrades

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

Vermilion Energy Price Performance

NYSE VET traded down $0.27 during trading hours on Monday, reaching $6.03. 1,706,116 shares of the stock traded hands, compared to its average volume of 1,159,603. The stock has a 50 day simple moving average of $7.12 and a two-hundred day simple moving average of $8.74. Vermilion Energy Inc. has a 1 year low of $5.14 and a 1 year high of $12.68. 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 cap of $929.69 million, a price-to-earnings ratio of -1.61 and a beta of 1.43.

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.0903 per share. This is a boost from Vermilion Energy's previous quarterly dividend of $0.09. This represents a $0.36 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date was Monday, March 31st. Vermilion Energy's dividend payout ratio (DPR) is presently -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.