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

Mitsubishi UFJ Trust & Banking Corp lowered its position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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’s holdings in Vermilion Energy were worth $2,434,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in Vermilion Energy by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 620,662 shares of the oil and gas company’s stock worth $6,064,000 after purchasing an additional 23,787 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Vermilion Energy by 345.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 592,839 shares of the oil and gas company’s stock worth $5,790,000 after buying an additional 459,746 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Vermilion Energy by 11.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 190,013 shares of the oil and gas company’s stock valued at $1,857,000 after buying an additional 20,085 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Vermilion Energy in the third quarter valued at about $555,000. Finally, Two Sigma Advisers LP raised its stake in Vermilion Energy by 72.8% in the third quarter. Two Sigma Advisers LP now owns 1,040,076 shares of the oil and gas company’s stock valued at $10,162,000 after buying an additional 438,200 shares during the last quarter. Institutional investors own 31.91% of the company’s stock.

Wall Street Analyst Weigh In

VET has been the topic of several recent analyst reports. Atb Cap Markets downgraded shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 13th. StockNews.com lowered shares of Vermilion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Finally, Desjardins lowered shares of Vermilion Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, March 18th.

Vermilion Energy Trading Down 0.7 %

Shares of NYSE:VET opened at $8.11 on Tuesday. The business has a 50-day moving average price of $8.67 and a 200-day moving average price of $9.39. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -2.17 and a beta of 1.91. Vermilion Energy Inc. has a 52-week low of $7.09 and a 52-week high of $12.79. The company has a quick ratio of 1.19, a current ratio of 1.25 and a debt-to-equity ratio of 0.36.

Vermilion Energy Increases Dividend

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