Charles Schwab Investment Management Inc. Has $6.22 Million Stock Holdings in Vermilion Energy Inc. (NYSE:VET)

Charles Schwab Investment Management Inc. grew its stake in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 661,284 shares of the oil and gas company’s stock after purchasing an additional 40,622 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.43% of Vermilion Energy worth $6,221,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Truist Financial Corp acquired a new position in Vermilion Energy during the fourth quarter worth $119,000. Blue Trust Inc. grew its position in shares of Vermilion Energy by 45.6% in the 4th quarter. Blue Trust Inc. now owns 20,382 shares of the oil and gas company’s stock valued at $199,000 after acquiring an additional 6,386 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Vermilion Energy during the 3rd quarter worth about $277,000. Barclays PLC raised its holdings in shares of Vermilion Energy by 1,469.8% in the 3rd quarter. Barclays PLC now owns 44,581 shares of the oil and gas company’s stock valued at $435,000 after purchasing an additional 41,741 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in Vermilion Energy in the 3rd quarter valued at about $555,000. Institutional investors own 31.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VET shares. Desjardins downgraded Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, March 18th. StockNews.com lowered Vermilion Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Finally, Atb Cap Markets downgraded Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Vermilion Energy Stock Up 0.7 %

Vermilion Energy stock opened at $8.28 on Tuesday. The stock has a market cap of $1.28 billion, a P/E ratio of -2.21 and a beta of 1.91. The company’s 50-day moving average price is $8.87 and its two-hundred day moving average price is $9.42. 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 twelve month low of $7.09 and a twelve month high of $12.79.

Vermilion Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.0903 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.36%. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.09. Vermilion Energy’s dividend payout ratio (DPR) is currently -163.64%.

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.