Hilltop National Bank Sells 3,000 Shares of Vermilion Energy Inc. (NYSE:VET)

Hilltop National Bank lessened its holdings in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 37.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,000 shares of the oil and gas company’s stock after selling 3,000 shares during the quarter. Hilltop National Bank’s holdings in Vermilion Energy were worth $47,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of VET. Millennium Management LLC boosted its position in shares of Vermilion Energy by 34.5% in the second quarter. Millennium Management LLC now owns 5,484,654 shares of the oil and gas company’s stock valued at $60,359,000 after acquiring an additional 1,405,653 shares during the period. Royce & Associates LP acquired a new position in Vermilion Energy during the third quarter worth about $6,001,000. The Manufacturers Life Insurance Company raised its stake in Vermilion Energy by 345.4% during the third quarter. The Manufacturers Life Insurance Company now owns 592,839 shares of the oil and gas company’s stock worth $5,790,000 after acquiring an additional 459,746 shares in the last quarter. Two Sigma Advisers LP raised its stake in Vermilion Energy by 72.8% during the third quarter. Two Sigma Advisers LP now owns 1,040,076 shares of the oil and gas company’s stock worth $10,162,000 after acquiring an additional 438,200 shares in the last quarter. Finally, PDT Partners LLC raised its stake in Vermilion Energy by 286.6% during the third quarter. PDT Partners LLC now owns 280,562 shares of the oil and gas company’s stock worth $2,741,000 after acquiring an additional 207,981 shares in the last quarter. Institutional investors own 31.91% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Vermilion Energy Stock Performance

Vermilion Energy stock opened at $10.21 on Friday. The business has a 50 day moving average of $9.71 and a 200-day moving average of $10.00. Vermilion Energy Inc. has a 1 year low of $8.22 and a 1 year high of $12.79. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 1.19. The company has a market capitalization of $1.58 billion, a P/E ratio of -2.73 and a beta of 1.99.

Vermilion Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.089 dividend. The ex-dividend date of this dividend is Tuesday, December 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 3.49%. Vermilion Energy’s dividend payout ratio is presently -9.36%.

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.