Janney Montgomery Scott LLC Acquires 9,161 Shares of Vermilion Energy Inc. (NYSE:VET)

Janney Montgomery Scott LLC raised its holdings in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 4.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 206,715 shares of the oil and gas company’s stock after buying an additional 9,161 shares during the period. Janney Montgomery Scott LLC owned 0.13% of Vermilion Energy worth $2,020,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in Vermilion Energy by 2,569.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 3,674 shares in the last quarter. HBK Sorce Advisory LLC bought a new stake in shares of Vermilion Energy during the 1st quarter worth approximately $127,000. Marshall Wace LLP acquired a new stake in shares of Vermilion Energy in the 2nd quarter valued at approximately $122,000. Bank of Nova Scotia Trust Co. grew its stake in shares of Vermilion Energy by 15.8% in the first quarter. Bank of Nova Scotia Trust Co. now owns 11,650 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 1,593 shares in the last quarter. Finally, Net Worth Advisory Group acquired a new position in Vermilion Energy during the third quarter worth $115,000. 31.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Vermilion Energy Price Performance

Shares of NYSE VET opened at $9.42 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.09 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average price is $9.69 and its two-hundred day moving average price is $10.58. The company has a market cap of $1.47 billion, a PE ratio of -2.52 and a beta of 2.00. Vermilion Energy Inc. has a twelve month low of $8.70 and a twelve month high of $13.49.

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.089 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.78%. 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. Vermilion Energy’s dividend payout ratio is -9.36%.

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.