UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Position in Vermilion Energy Inc. (NYSE:VET)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 13.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 135,121 shares of the oil and gas company’s stock after selling 21,855 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.09% of Vermilion Energy worth $1,320,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Vermilion Energy by 1.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 169,928 shares of the oil and gas company’s stock worth $1,870,000 after purchasing an additional 1,936 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Vermilion Energy by 2,569.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 3,674 shares in the last quarter. SG Americas Securities LLC grew its stake in Vermilion Energy by 11.9% in the 2nd quarter. SG Americas Securities LLC now owns 35,646 shares of the oil and gas company’s stock valued at $392,000 after acquiring an additional 3,778 shares during the period. Clear Harbor Asset Management LLC increased its holdings in Vermilion Energy by 3.3% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 149,129 shares of the oil and gas company’s stock worth $1,457,000 after acquiring an additional 4,702 shares in the last quarter. Finally, Aigen Investment Management LP increased its holdings in Vermilion Energy by 29.8% in the 3rd quarter. Aigen Investment Management LP now owns 27,148 shares of the oil and gas company’s stock worth $265,000 after acquiring an additional 6,229 shares in the last quarter. 31.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Vermilion Energy Stock Down 0.9 %

NYSE VET opened at $9.00 on Wednesday. The business has a fifty day moving average price of $9.85 and a 200 day moving average price of $10.24. 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 company has a market cap of $1.40 billion, a P/E ratio of -2.41 and a beta of 1.99. Vermilion Energy Inc. has a one year low of $8.70 and a one year high of $12.94.

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.089 per share. The ex-dividend date is Tuesday, December 31st. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.09. This represents a $0.36 dividend on an annualized basis and a yield of 3.96%. Vermilion Energy’s payout ratio is presently -9.36%.

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.