Entropy Technologies LP Buys New Shares in Vermilion Energy Inc. (NYSE:VET)

Entropy Technologies LP bought a new position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 39,109 shares of the oil and gas company’s stock, valued at approximately $382,000.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Vermilion Energy by 1.2% in the first quarter. Vanguard Group Inc. now owns 5,925,874 shares of the oil and gas company’s stock worth $73,718,000 after acquiring an additional 71,476 shares during the period. Millennium Management LLC grew its holdings in Vermilion Energy by 34.5% during the 2nd quarter. Millennium Management LLC now owns 5,484,654 shares of the oil and gas company’s stock valued at $60,359,000 after buying an additional 1,405,653 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Vermilion Energy by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,463,245 shares of the oil and gas company’s stock valued at $38,131,000 after buying an additional 134,216 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Vermilion Energy by 6.4% in the second quarter. American Century Companies Inc. now owns 2,190,255 shares of the oil and gas company’s stock worth $24,111,000 after buying an additional 131,780 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of Vermilion Energy by 0.6% in the second quarter. National Bank of Canada FI now owns 1,684,875 shares of the oil and gas company’s stock worth $18,461,000 after buying an additional 9,304 shares in the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Wall Street Analyst Weigh In

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

Vermilion Energy Price Performance

NYSE:VET opened at $9.91 on Friday. The business’s 50-day moving average is $9.71 and its 200 day moving average is $10.56. Vermilion Energy Inc. has a 12 month low of $8.70 and a 12 month high of $13.35. The company has a market capitalization of $1.54 billion, a P/E ratio of -2.65 and a beta of 2.00. 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.089 per share. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.09. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Tuesday, December 31st. Vermilion Energy’s dividend payout ratio is currently -9.63%.

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.