Mitsubishi UFJ Trust & Banking Corp Sells 3,600 Shares of Vermilion Energy Inc. (NYSE:VET)

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 1.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 258,128 shares of the oil and gas company’s stock after selling 3,600 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.17% of Vermilion Energy worth $2,434,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC increased its stake in Vermilion Energy by 1,123.6% in the fourth quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company’s stock worth $41,000 after purchasing an additional 4,000 shares during the period. Citizens Financial Group Inc. RI purchased a new position in Vermilion Energy in the 4th quarter worth about $103,000. Amundi lifted its holdings in Vermilion Energy by 74.0% during the 4th quarter. Amundi now owns 11,020 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 4,685 shares in the last quarter. Truist Financial Corp purchased a new stake in Vermilion Energy in the 4th quarter valued at about $119,000. Finally, Magnetar Financial LLC bought a new position in Vermilion Energy in the 4th quarter worth about $156,000. 31.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on VET. StockNews.com lowered Vermilion Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Atb Cap Markets cut Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Desjardins lowered Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, March 18th.

Vermilion Energy Price Performance

Shares of VET opened at $8.11 on Tuesday. The stock has a market capitalization of $1.25 billion, a PE ratio of -2.17 and a beta of 1.91. The company has a 50 day moving average price of $8.67 and a 200-day moving average price of $9.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.25. Vermilion Energy Inc. has a fifty-two week low of $7.09 and a fifty-two week high of $12.79.

Vermilion Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.0903 per share. This represents a $0.36 annualized dividend and a yield of 4.46%. The ex-dividend date is Monday, March 31st. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. Vermilion Energy’s dividend payout ratio (DPR) is -163.64%.

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.