Millennium Management LLC Grows Stock Holdings in Vermilion Energy Inc. $VET

Millennium Management LLC increased its position in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 6.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 7,760,144 shares of the oil and gas company's stock after acquiring an additional 466,695 shares during the quarter. Millennium Management LLC owned about 5.03% of Vermilion Energy worth $62,881,000 as of its most recent SEC filing.

Other large 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 worth about $94,000. Hsbc Holdings PLC bought a new position in shares of Vermilion Energy in the fourth quarter worth $104,000. FORA Capital LLC bought a new position in shares of Vermilion Energy in the first quarter worth $111,000. State of Wyoming boosted its holdings in shares of Vermilion Energy by 216.9% in the fourth quarter. State of Wyoming now owns 16,528 shares of the oil and gas company's stock worth $155,000 after acquiring an additional 11,312 shares during the period. Finally, Northwest & Ethical Investments L.P. boosted its holdings in shares of Vermilion Energy by 48.1% in the first quarter. Northwest & Ethical Investments L.P. now owns 16,671 shares of the oil and gas company's stock worth $135,000 after acquiring an additional 5,418 shares during the period. Hedge funds and other institutional investors own 31.91% of the company's stock.

Vermilion Energy Price Performance

Shares of VET stock traded down $0.02 on Friday, reaching $7.40. The company's stock had a trading volume of 1,009,470 shares, compared to its average volume of 751,855. The company has a quick ratio of 1.84, a current ratio of 1.94 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 company has a market capitalization of $1.14 billion, a P/E ratio of -8.51 and a beta of 1.27. The stock's 50 day simple moving average is $7.69 and its 200-day simple moving average is $7.33.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last issued its quarterly earnings data on Thursday, August 7th. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $562.50 million. As a group, equities analysts predict that Vermilion Energy Inc. will post 0.22 earnings per share for the current fiscal year.

Vermilion Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

About Vermilion Energy

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.