Charles Schwab Investment Management Inc. Grows Stock Position in Vermilion Energy Inc. (NYSE:VET)

Charles Schwab Investment Management Inc. raised its position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 620,662 shares of the oil and gas company’s stock after acquiring an additional 23,787 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.40% of Vermilion Energy worth $6,064,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in VET. Millennium Management LLC grew its position in shares of Vermilion Energy by 34.5% during the 2nd quarter. Millennium Management LLC now owns 5,484,654 shares of the oil and gas company’s stock valued at $60,359,000 after buying an additional 1,405,653 shares during the last quarter. Royce & Associates LP bought a new position in Vermilion Energy in the 3rd quarter worth approximately $6,001,000. Dimensional Fund Advisors LP increased its position in Vermilion Energy by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,463,245 shares of the oil and gas company’s stock valued at $38,131,000 after acquiring an additional 134,216 shares during the period. American Century Companies Inc. grew its stake in shares of Vermilion Energy by 6.4% in the second quarter. American Century Companies Inc. now owns 2,190,255 shares of the oil and gas company’s stock worth $24,111,000 after purchasing an additional 131,780 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Vermilion Energy by 130.9% during the second quarter. Toronto Dominion Bank now owns 147,871 shares of the oil and gas company’s stock worth $1,628,000 after purchasing an additional 83,839 shares during the period. 31.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, BMO Capital Markets downgraded shares of Vermilion Energy from an “outperform” rating to a “market perform” rating in a research note on Friday, October 4th.

Vermilion Energy Stock Up 1.0 %

NYSE:VET opened at $9.63 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. Vermilion Energy Inc. has a 12-month low of $8.70 and a 12-month high of $12.94. The stock’s fifty day simple moving average is $9.92 and its 200-day simple moving average is $10.31. The firm has a market capitalization of $1.49 billion, a P/E ratio of -2.57 and a beta of 1.99.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.089 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.70%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Tuesday, December 31st. Vermilion Energy’s dividend payout ratio is presently -9.36%.

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.