PDT Partners LLC Reduces Stake in Vermilion Energy Inc. (NYSE:VET)

PDT Partners LLC trimmed its holdings in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 24.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 211,765 shares of the oil and gas company's stock after selling 68,797 shares during the quarter. PDT Partners LLC owned 0.14% of Vermilion Energy worth $1,991,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of VET. Barclays PLC lifted its stake in Vermilion Energy by 1,469.8% during the third quarter. Barclays PLC now owns 44,581 shares of the oil and gas company's stock worth $435,000 after purchasing an additional 41,741 shares in the last quarter. Blue Trust Inc. lifted its stake in Vermilion Energy by 45.6% during the 4th quarter. Blue Trust Inc. now owns 20,382 shares of the oil and gas company's stock worth $199,000 after acquiring an additional 6,386 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in Vermilion Energy by 11.4% during the 4th quarter. Vontobel Holding Ltd. now owns 92,500 shares of the oil and gas company's stock worth $870,000 after acquiring an additional 9,500 shares in the last quarter. Truist Financial Corp purchased a new position in Vermilion Energy during the 4th quarter valued at about $119,000. Finally, Alberta Investment Management Corp grew its position in Vermilion Energy by 12.8% in 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 acquiring an additional 81,500 shares in the last quarter. 31.91% of the stock is currently owned by hedge funds and other institutional investors.

Vermilion Energy Stock Up 2.4 %

Shares of VET stock traded up $0.15 during trading hours on Friday, reaching $6.32. 1,091,751 shares of the stock were exchanged, compared to its average volume of 1,157,655. The business's fifty day moving average is $7.17 and its two-hundred day moving average is $8.78. The firm has a market capitalization of $974.40 million, a P/E ratio of -1.69 and a beta of 1.43. Vermilion Energy Inc. has a 12-month low of $5.14 and a 12-month 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.

Vermilion Energy Increases Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 5.71%. This is a positive change from Vermilion Energy's previous quarterly dividend of $0.09. The ex-dividend date was Monday, March 31st. Vermilion Energy's dividend payout ratio (DPR) is presently -163.64%.

Wall Street Analyst Weigh In

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