Sciencast Management LP Makes New Investment in Vermilion Energy Inc. (NYSE:VET)

Sciencast Management LP bought a new position in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) during the fourth quarter, Holdings Channel.com reports. The firm bought 18,533 shares of the oil and gas company’s stock, valued at approximately $174,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Magnetar Financial LLC purchased a new position in shares of Vermilion Energy during the 4th quarter worth approximately $156,000. Boston Partners grew its stake in shares of Vermilion Energy by 33.2% in the 4th quarter. Boston Partners now owns 200,801 shares of the oil and gas company’s stock worth $1,888,000 after buying an additional 50,016 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in shares of Vermilion Energy in the 4th quarter worth approximately $747,000. Royce & Associates LP grew its stake in shares of Vermilion Energy by 49.3% in the 4th quarter. Royce & Associates LP now owns 918,240 shares of the oil and gas company’s stock worth $8,643,000 after buying an additional 303,370 shares during the last quarter. Finally, Intact Investment Management Inc. grew its stake in shares of Vermilion Energy by 10.3% in the 4th quarter. Intact Investment Management Inc. now owns 384,500 shares of the oil and gas company’s stock worth $3,619,000 after buying an additional 35,900 shares during the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Wall Street Analyst Weigh In

VET has been the topic of several recent research reports. Atb Cap Markets downgraded Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 13th. StockNews.com downgraded Vermilion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Finally, Desjardins downgraded Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Vermilion Energy Stock Performance

VET stock opened at $8.24 on Monday. The stock has a market capitalization of $1.27 billion, a PE ratio of -2.20 and a beta of 1.91. Vermilion Energy Inc. has a 12-month low of $7.09 and a 12-month high of $12.79. The company has a current ratio of 1.25, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The stock’s 50 day simple moving average is $8.91 and its 200 day simple moving average is $9.43.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.0903 dividend. The ex-dividend date is Monday, March 31st. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a yield of 4.39%. Vermilion Energy’s dividend payout ratio is -163.64%.

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.