Vermilion Energy Inc. (NYSE:VET) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. reduced its position in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,106,751 shares of the oil and gas company's stock after selling 116,775 shares during the quarter. Ameriprise Financial Inc. owned about 3.96% of Vermilion Energy worth $57,402,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of VET. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Vermilion Energy in the fourth quarter valued at approximately $10,866,000. Royce & Associates LP boosted its holdings in shares of Vermilion Energy by 49.3% in the fourth quarter. Royce & Associates LP now owns 918,240 shares of the oil and gas company's stock valued at $8,643,000 after acquiring an additional 303,370 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of Vermilion Energy by 26.1% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,109,501 shares of the oil and gas company's stock valued at $10,429,000 after acquiring an additional 229,900 shares during the period. Marshall Wace LLP acquired a new stake in shares of Vermilion Energy in the fourth quarter valued at approximately $1,504,000. Finally, Drum Hill Capital LLC purchased a new stake in shares of Vermilion Energy during the fourth quarter worth approximately $1,264,000. 31.91% of the stock is owned by institutional investors and hedge funds.

Vermilion Energy Price Performance

Shares of VET stock traded down $0.09 during mid-day trading on Friday, reaching $6.70. The stock had a trading volume of 464,280 shares, compared to its average volume of 1,188,330. Vermilion Energy Inc. has a 12-month low of $5.14 and a 12-month high of $12.68. The company has a market cap of $1.03 billion, a P/E ratio of -1.79 and a beta of 1.12. The business has a 50-day simple moving average of $6.92 and a 200 day simple moving average of $8.58. The company has a current ratio of 1.25, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last announced its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.10). Vermilion Energy had a negative net margin of 41.53% and a positive return on equity of 6.29%. The firm had revenue of $395.26 million during the quarter, compared to analysts' expectations of $569.00 million. On average, sell-side analysts anticipate that Vermilion Energy Inc. will post 0.22 earnings per share for the current year.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.0903 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.39%. This is a boost from Vermilion Energy's previous quarterly dividend of $0.09. Vermilion Energy's dividend payout ratio (DPR) is currently -225.00%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VET. National Bankshares restated an "outperform" rating on shares of Vermilion Energy in a research note on Friday, April 25th. Desjardins cut Vermilion Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Atb Cap Markets cut Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 13th. Finally, StockNews.com cut Vermilion Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold".

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.