Vermilion Energy Inc. $VET Stake Lifted by Millennium Management LLC

Millennium Management LLC raised its holdings in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 6.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,760,144 shares of the oil and gas company's stock after buying an additional 466,695 shares during the quarter. Millennium Management LLC owned approximately 5.03% of Vermilion Energy worth $62,881,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp purchased a new stake in Vermilion Energy in the 4th quarter valued at about $94,000. Hsbc Holdings PLC acquired a new position in shares of Vermilion Energy in the 4th quarter valued at about $104,000. FORA Capital LLC acquired a new position in shares of Vermilion Energy in the 1st quarter valued at about $111,000. Northwest & Ethical Investments L.P. lifted its stake in shares of Vermilion Energy by 48.1% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 16,671 shares of the oil and gas company's stock valued at $135,000 after purchasing an additional 5,418 shares in the last quarter. Finally, State of Wyoming lifted its stake in shares of Vermilion Energy by 14.5% in the 1st quarter. State of Wyoming now owns 18,920 shares of the oil and gas company's stock valued at $153,000 after purchasing an additional 2,392 shares in the last quarter. Hedge funds and other institutional investors own 31.91% of the company's stock.

Vermilion Energy Stock Down 0.3%

VET stock traded down $0.02 during midday trading on Friday, hitting $7.40. 1,009,470 shares of the company's stock were exchanged, compared to its average volume of 751,855. 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 50 day moving average price of $7.69 and a 200-day moving average price of $7.32. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of -8.51 and a beta of 1.27.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last posted its quarterly earnings data 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). Vermilion Energy had a positive return on equity of 0.17% and a negative net margin of 9.29%.The business had revenue of $392.33 million for the quarter, compared to analysts' expectations of $562.50 million. On average, analysts anticipate that Vermilion Energy Inc. will post 0.22 EPS for the current year.

Vermilion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Monday, September 29th. Vermilion Energy's payout ratio is -43.68%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Desjardins raised Vermilion Energy from a "hold" rating to a "buy" rating in a research note on Thursday, June 5th. Wall Street Zen lowered Vermilion Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, BMO Capital Markets reissued a "market perform" rating on shares of Vermilion Energy in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock 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.