Vermilion Energy Inc. (NYSE:VET) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 13.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 135,121 shares of the oil and gas company’s stock after selling 21,855 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Vermilion Energy were worth $1,320,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VET. EverSource Wealth Advisors LLC boosted its position in shares of Vermilion Energy by 2,569.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 3,674 shares during the last quarter. Net Worth Advisory Group purchased a new position in Vermilion Energy during the third quarter worth about $115,000. Marshall Wace LLP acquired a new position in Vermilion Energy in the 2nd quarter valued at about $122,000. Blue Trust Inc. grew its stake in shares of Vermilion Energy by 601.9% in the 3rd quarter. Blue Trust Inc. now owns 13,996 shares of the oil and gas company’s stock valued at $137,000 after buying an additional 12,002 shares during the period. Finally, Aigen Investment Management LP grew its stake 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 period. 31.91% of the stock is owned by institutional investors and hedge funds.

Vermilion Energy Price Performance

Shares of VET opened at $9.00 on Wednesday. The firm has a 50-day simple moving average of $9.85 and a two-hundred day simple moving average of $10.24. The stock has a market cap of $1.40 billion, a PE ratio of -2.41 and a beta of 1.99. Vermilion Energy Inc. has a 1-year low of $8.70 and a 1-year high of $12.94. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 1.19.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.089 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.96%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. The ex-dividend date is Tuesday, December 31st. Vermilion Energy’s dividend payout ratio is -9.36%.

Wall Street Analyst Weigh In

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