Intact Investment Management Inc. grew its holdings in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 76.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 680,000 shares of the oil and gas company's stock after buying an additional 295,500 shares during the period. Intact Investment Management Inc. owned approximately 0.44% of Vermilion Energy worth $5,506,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in VET. Truist Financial Corp purchased a new position in shares of Vermilion Energy in the 4th quarter worth $119,000. Drum Hill Capital LLC purchased a new position in shares of Vermilion Energy in the 4th quarter worth $1,264,000. Charles Schwab Investment Management Inc. grew its stake in shares of Vermilion Energy by 6.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 661,284 shares of the oil and gas company's stock worth $6,221,000 after buying an additional 40,622 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Vermilion Energy by 1,123.6% in the 4th 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 in the last quarter. Finally, Amundi grew its stake in shares of Vermilion Energy by 74.0% in the 4th quarter. Amundi now owns 11,020 shares of the oil and gas company's stock worth $104,000 after buying an additional 4,685 shares in the last quarter. 31.91% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms recently commented on VET. National Bankshares reaffirmed an "outperform" rating on shares of Vermilion Energy in a research note on Friday, April 25th. Desjardins raised shares of Vermilion Energy from a "hold" rating to a "buy" rating in a research note on Thursday, June 5th. Finally, Wall Street Zen cut 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 issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold".
Check Out Our Latest Analysis on VET
Vermilion Energy Price Performance
VET stock opened at $8.16 on Friday. Vermilion Energy Inc. has a 12 month low of $5.14 and a 12 month high of $11.52. 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 50-day moving average price of $6.80 and a 200 day moving average price of $8.07. The stock has a market cap of $1.26 billion, a PE ratio of -50.97 and a beta of 1.13.
Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last released its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.10). The company had revenue of $395.26 million during the quarter, compared to analysts' expectations of $569.00 million. Vermilion Energy had a negative net margin of 1.71% and a negative return on equity of 1.22%. Equities research analysts anticipate that Vermilion Energy Inc. will post 0.22 earnings per share for the current year.
Vermilion Energy Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a $0.13 dividend. The ex-dividend date is Monday, June 30th. This represents a yield of 4.66%. Vermilion Energy's dividend payout ratio (DPR) is -225.00%.
About Vermilion Energy
(
Free Report)
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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