CIBC Asset Management Inc Sells 5,596 Shares of Vermilion Energy Inc. (NYSE:VET)

CIBC Asset Management Inc decreased its position in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 2.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 197,767 shares of the oil and gas company’s stock after selling 5,596 shares during the period. CIBC Asset Management Inc’s holdings in Vermilion Energy were worth $1,931,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Millennium Management LLC grew its position in Vermilion Energy by 34.5% in 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 purchasing an additional 1,405,653 shares during the period. Dimensional Fund Advisors LP grew its holdings 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. increased its position in shares of Vermilion Energy by 6.4% during 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 acquiring an additional 131,780 shares in the last quarter. Albert D Mason Inc. acquired a new stake in shares of Vermilion Energy in the 2nd quarter worth about $1,034,000. Finally, Clear Harbor Asset Management LLC lifted its position in Vermilion Energy by 149.8% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 144,427 shares of the oil and gas company’s stock valued at $1,590,000 after acquiring an additional 86,606 shares in the last quarter. 31.91% of the stock is owned by institutional investors and hedge funds.

Vermilion Energy Trading Down 1.1 %

NYSE VET opened at $10.13 on Wednesday. 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 business has a fifty day simple moving average of $9.76 and a 200 day simple moving average of $10.52. Vermilion Energy Inc. has a 12 month low of $8.70 and a 12 month high of $13.35. The firm has a market capitalization of $1.57 billion, a P/E ratio of -2.71 and a beta of 2.00.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.089 per share. This is a positive change 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 3.51%. The ex-dividend date is Tuesday, December 31st. Vermilion Energy’s dividend payout ratio (DPR) is presently -9.63%.

Analyst Upgrades and Downgrades

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

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.