Geode Capital Management LLC Trims Holdings in Vermilion Energy Inc. (NYSE:VET)

Geode Capital Management LLC lowered its position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 73.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,816 shares of the oil and gas company’s stock after selling 213,146 shares during the period. Geode Capital Management LLC’s holdings in Vermilion Energy were worth $753,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of VET. EverSource Wealth Advisors LLC grew its position in Vermilion Energy by 2,569.2% during the second 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 during the period. Net Worth Advisory Group purchased a new stake in shares of Vermilion Energy during the 3rd quarter worth about $115,000. Marshall Wace LLP purchased a new stake in shares of Vermilion Energy during the 2nd quarter worth about $122,000. Blue Trust Inc. grew its position in shares of Vermilion Energy by 601.9% during the 3rd quarter. Blue Trust Inc. now owns 13,996 shares of the oil and gas company’s stock valued at $137,000 after acquiring an additional 12,002 shares during the period. Finally, Aigen Investment Management LP increased its stake in shares of 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 valued at $265,000 after purchasing an additional 6,229 shares in the last quarter. Institutional investors and hedge funds own 31.91% of the company’s stock.

Vermilion Energy Stock Performance

NYSE VET opened at $10.21 on Friday. 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 Inc. has a 1-year low of $8.22 and a 1-year high of $12.79. The company has a market cap of $1.58 billion, a PE ratio of -2.73 and a beta of 1.99. The stock’s 50 day simple moving average is $9.71 and its 200-day simple moving average is $10.00.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.089 per share. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.09. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.49%. Vermilion Energy’s dividend payout ratio is presently -9.36%.

Wall Street Analyst Weigh In

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

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.