Ameriprise Financial Inc. Has $49.04 Million Stock Position in Vermilion Energy Inc. $VET

Key Points

• Ameriprise Financial Inc. reduced its stake in Vermilion Energy Inc. by 0.9% in Q1, owning approximately $49.04 million worth of shares after selling 52,003 shares.
• Vermilion Energy reported a loss of $0.20 per share for the last quarter, missing estimates, with revenues at $392.33 million compared to expectations of $562.50 million.
• Analysts have mixed ratings on Vermilion Energy, with two "Buy" ratings and two "Hold" ratings, reflecting uncertain market sentiment.

Ameriprise Financial Inc. lessened its position in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 0.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 6,054,748 shares of the oil and gas company's stock after selling 52,003 shares during the period. Ameriprise Financial Inc. owned approximately 3.93% of Vermilion Energy worth $49,043,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LM Asset IM Inc. bought a new position in shares of Vermilion Energy in the 4th quarter worth $18,806,000. Millennium Management LLC increased its stake in Vermilion Energy by 14.5% during the 4th quarter. Millennium Management LLC now owns 7,293,449 shares of the oil and gas company's stock valued at $68,608,000 after purchasing an additional 921,230 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Vermilion Energy by 764.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 699,900 shares of the oil and gas company's stock valued at $5,667,000 after buying an additional 618,900 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Vermilion Energy by 19.5% in the first quarter. American Century Companies Inc. now owns 2,832,829 shares of the oil and gas company's stock valued at $22,934,000 after buying an additional 462,109 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Vermilion Energy by 472.0% during the first quarter. Mackenzie Financial Corp now owns 473,001 shares of the oil and gas company's stock valued at $3,829,000 after buying an additional 390,310 shares during the last quarter. Institutional investors own 31.91% of the company's stock.

Vermilion Energy Stock Performance

Shares of Vermilion Energy stock opened at $7.67 on Thursday. The business's fifty day simple moving average is $7.71 and its 200 day simple moving average is $7.46. The company has a current ratio of 1.94, a quick ratio of 1.84 and a debt-to-equity ratio of 0.74. Vermilion Energy Inc. has a 12 month low of $5.14 and a 12 month high of $10.85. The firm has a market capitalization of $1.18 billion, a P/E ratio of -8.81 and a beta of 1.22.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last announced its earnings results on Thursday, August 7th. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.14). The business had revenue of $392.33 million for the quarter, compared to analysts' expectations of $562.50 million. Vermilion Energy had a negative net margin of 9.29% and a positive return on equity of 0.17%. As a group, analysts anticipate that Vermilion Energy Inc. will post 0.22 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Vermilion Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Desjardins raised Vermilion Energy from a "hold" rating to a "buy" rating in a research note on Thursday, June 5th. Finally, BMO Capital Markets restated a "market perform" rating on shares of Vermilion Energy in a report on Friday, August 8th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Vermilion Energy Profile

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.

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