The Manufacturers Life Insurance Company Has $5.79 Million Stock Holdings in Vermilion Energy Inc. (NYSE:VET)

The Manufacturers Life Insurance Company grew its stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 345.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 592,839 shares of the oil and gas company’s stock after purchasing an additional 459,746 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Vermilion Energy were worth $5,790,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Millennium Management LLC lifted its stake in 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 buying an additional 1,405,653 shares during the period. Royce & Associates LP bought a new stake in shares of Vermilion Energy in the 3rd quarter valued at about $6,001,000. Dimensional Fund Advisors LP raised its position in shares of Vermilion Energy by 4.0% in the 2nd 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 acquiring an additional 134,216 shares during the period. American Century Companies Inc. boosted its stake in Vermilion Energy by 6.4% during the 2nd 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 during the last quarter. Finally, Albert D Mason Inc. acquired a new position in Vermilion Energy during the second quarter valued at approximately $1,034,000. 31.91% of the stock is currently owned by institutional investors.

Vermilion Energy Stock Performance

VET stock opened at $10.03 on Friday. Vermilion Energy Inc. has a 1-year low of $8.70 and a 1-year high of $12.94. 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 firm has a market cap of $1.56 billion, a PE ratio of -2.68 and a beta of 1.99. The business’s 50-day moving average price is $9.94 and its two-hundred day moving average price is $10.40.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.089 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a dividend yield of 3.55%. Vermilion Energy’s payout ratio is currently -9.63%.

Wall Street Analysts Forecast Growth

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

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.