JPMorgan Chase & Co. Sells 61,041 Shares of Vermilion Energy Inc. (NYSE:VET)

JPMorgan Chase & Co. decreased its position in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 51.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,449 shares of the oil and gas company’s stock after selling 61,041 shares during the quarter. JPMorgan Chase & Co.’s holdings in Vermilion Energy were worth $571,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Marshall Wace LLP bought a new stake in Vermilion Energy during the second quarter worth $122,000. Net Worth Advisory Group bought a new stake in Vermilion Energy during the third quarter worth $115,000. Blue Trust Inc. grew its holdings in Vermilion Energy by 601.9% during the third quarter. Blue Trust Inc. now owns 13,996 shares of the oil and gas company’s stock worth $137,000 after buying an additional 12,002 shares in the last quarter. Aigen Investment Management LP grew its holdings in Vermilion Energy by 29.8% during the third quarter. Aigen Investment Management LP now owns 27,148 shares of the oil and gas company’s stock worth $265,000 after buying an additional 6,229 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Vermilion Energy during the third quarter worth $277,000. Institutional investors own 31.91% of the company’s stock.

Vermilion Energy Trading Down 1.8 %

Shares of Vermilion Energy stock opened at $9.59 on Tuesday. The stock has a fifty day simple moving average of $9.79 and a 200 day simple moving average of $9.89. The company has a current ratio of 1.25, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. Vermilion Energy Inc. has a 12-month low of $8.22 and a 12-month high of $12.79. The company has a market capitalization of $1.48 billion, a P/E ratio of -2.56 and a beta of 1.99.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.089 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.36 annualized dividend and a yield of 3.71%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. Vermilion Energy’s payout ratio is currently -8.82%.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets downgraded Vermilion Energy from an “outperform” rating to a “market perform” rating in a report 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.