Hilltop National Bank Has $47,000 Position in Vermilion Energy Inc. (NYSE:VET)

Hilltop National Bank reduced its holdings in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 37.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,000 shares of the oil and gas company’s stock after selling 3,000 shares during the period. Hilltop National Bank’s holdings in Vermilion Energy were worth $47,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in Vermilion Energy by 345.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 592,839 shares of the oil and gas company’s stock valued at $5,790,000 after buying an additional 459,746 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Vermilion Energy in the 3rd quarter valued at about $1,947,000. Verition Fund Management LLC acquired a new stake in Vermilion Energy in the 3rd quarter valued at about $555,000. Two Sigma Advisers LP grew its holdings 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 purchasing an additional 438,200 shares during the period. Finally, Royce & Associates LP acquired a new position in Vermilion Energy during the third quarter worth approximately $6,001,000. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Vermilion Energy Trading Up 0.2 %

VET stock opened at $10.21 on Friday. 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 fifty day moving average price of $9.71 and a two-hundred day moving average price of $10.00. Vermilion Energy Inc. has a one year low of $8.22 and a one year high of $12.79. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of -2.73 and a beta of 1.99.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.089 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.49%. 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 payout ratio is -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.