Mackenzie Financial Corp Cuts Stake in Vermilion Energy Inc. (NYSE:VET)

Mackenzie Financial Corp cut its position in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 86.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,691 shares of the oil and gas company's stock after selling 521,222 shares during the period. Mackenzie Financial Corp owned approximately 0.05% of Vermilion Energy worth $777,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. LM Asset IM Inc. purchased a new stake in shares of Vermilion Energy in the 4th quarter valued at approximately $18,806,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Vermilion Energy in the fourth quarter valued at approximately $10,866,000. Millennium Management LLC grew its holdings in shares of Vermilion Energy by 14.5% in the fourth 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. Royce & Associates LP grew 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 purchasing an additional 303,370 shares in the last quarter. Finally, Man Group plc grew its holdings in shares of Vermilion Energy by 58.4% in the fourth quarter. Man Group plc now owns 731,359 shares of the oil and gas company's stock valued at $6,875,000 after purchasing an additional 269,692 shares in the last quarter. 31.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Atb Cap Markets cut shares of Vermilion Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 13th. National Bankshares restated an "outperform" rating on shares of Vermilion Energy in a report on Friday, April 25th. Desjardins upgraded shares of Vermilion Energy from a "hold" rating to a "buy" rating in a report on Thursday. Finally, Wall Street Zen cut shares of Vermilion Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Vermilion Energy has an average rating of "Hold".

Vermilion Energy Stock Up 4.6%

NYSE VET traded up $0.31 on Thursday, hitting $6.98. 2,626,984 shares of the stock were exchanged, compared to its average volume of 1,217,624. 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 Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $11.92. The company has a market cap of $1.08 billion, a PE ratio of -1.86 and a beta of 1.12. The company has a 50-day moving average price of $6.49 and a 200-day moving average price of $8.26.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last issued its earnings results 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). Vermilion Energy had a negative net margin of 41.53% and a positive return on equity of 6.29%. The company had revenue of $395.26 million during the quarter, compared to analyst estimates of $569.00 million. Sell-side analysts anticipate that Vermilion Energy Inc. will post 0.22 EPS for the current fiscal year.

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.