Intact Investment Management Inc. Acquires 295,500 Shares of Vermilion Energy Inc. (NYSE:VET)

Intact Investment Management Inc. raised its holdings in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 76.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 680,000 shares of the oil and gas company's stock after purchasing an additional 295,500 shares during the quarter. Intact Investment Management Inc. owned approximately 0.44% of Vermilion Energy worth $5,506,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Pictet Asset Management Holding SA increased its holdings in shares of Vermilion Energy by 4.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 27,221 shares of the oil and gas company's stock valued at $256,000 after purchasing an additional 1,179 shares in the last quarter. Arete Wealth Advisors LLC lifted its position in Vermilion Energy by 1.9% during the 4th quarter. Arete Wealth Advisors LLC now owns 108,088 shares of the oil and gas company's stock valued at $1,015,000 after purchasing an additional 2,046 shares during the period. Geode Capital Management LLC grew its position in shares of Vermilion Energy by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 80,484 shares of the oil and gas company's stock worth $765,000 after buying an additional 3,668 shares during the period. Larson Financial Group LLC raised its stake in shares of Vermilion Energy by 1,123.6% during the fourth quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company's stock worth $41,000 after buying an additional 4,000 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Vermilion Energy by 10.5% in the fourth quarter. Barclays PLC now owns 49,257 shares of the oil and gas company's stock valued at $463,000 after buying an additional 4,676 shares during the period. Institutional investors own 31.91% of the company's stock.

Vermilion Energy Stock Down 2.0%

Shares of NYSE:VET traded down $0.15 during trading on Wednesday, hitting $7.34. 969,112 shares of the company's stock traded hands, compared to its average volume of 1,250,210. The company has a 50-day moving average price of $6.88 and a 200-day moving average price of $8.03. Vermilion Energy Inc. has a 52 week low of $5.14 and a 52 week high of $11.48. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 0.67. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -45.88 and a beta of 1.13.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last issued its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.10). The company had revenue of $395.26 million for the quarter, compared to analyst estimates of $569.00 million. Vermilion Energy had a negative return on equity of 1.22% and a negative net margin of 1.71%. As a group, research analysts forecast that Vermilion Energy Inc. will post 0.22 EPS for the current fiscal year.

Vermilion Energy Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given a $0.13 dividend. This represents a dividend yield of 4.66%. The ex-dividend date is Monday, June 30th. Vermilion Energy's dividend payout ratio is presently -225.00%.

Analyst Ratings Changes

Several analysts have commented on VET shares. Desjardins upgraded shares of Vermilion Energy from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. National Bankshares reaffirmed an "outperform" rating on shares of Vermilion Energy in a research note on Friday, April 25th. Finally, Wall Street Zen downgraded shares of Vermilion Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Vermilion Energy Company 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.