Truist Financial Corp Takes Position in Vermilion Energy Inc. (NYSE:VET)

Truist Financial Corp acquired a new stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,651 shares of the oil and gas company’s stock, valued at approximately $119,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aigen Investment Management LP grew its position 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 buying an additional 6,229 shares during the last quarter. 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 buying an additional 6,386 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Vermilion Energy by 6.2% in the 3rd quarter. Toronto Dominion Bank now owns 157,025 shares of the oil and gas company’s stock valued at $1,534,000 after buying an additional 9,154 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Vermilion Energy by 4.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 206,715 shares of the oil and gas company’s stock valued at $2,020,000 after buying an additional 9,161 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its position in shares of Vermilion Energy by 11.4% in the 4th quarter. Vontobel Holding Ltd. now owns 92,500 shares of the oil and gas company’s stock valued at $870,000 after buying an additional 9,500 shares during the last quarter. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Vermilion Energy Trading Up 1.1 %

Shares of Vermilion Energy stock opened at $7.56 on Friday. Vermilion Energy Inc. has a 1 year low of $7.09 and a 1 year high of $12.79. 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 capitalization of $1.16 billion, a P/E ratio of -2.02 and a beta of 1.97. The company’s fifty day moving average is $9.33 and its two-hundred day moving average is $9.61.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.0903 per share. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend is Monday, March 31st. Vermilion Energy’s dividend payout ratio (DPR) is presently -8.82%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Atb Cap Markets downgraded shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th. StockNews.com raised shares of Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Friday.

About Vermilion Energy

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.