Vermilion Energy Inc. (NYSE:VET) Shares Sold by Bank of America Corp DE

Bank of America Corp DE cut its stake in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 65.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 489,101 shares of the oil and gas company's stock after selling 938,163 shares during the period. Bank of America Corp DE owned approximately 0.32% of Vermilion Energy worth $4,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in VET. Larson Financial Group LLC grew its holdings in 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 valued at $41,000 after buying an additional 4,000 shares in the last quarter. Northern Trust Corp acquired a new stake in shares of Vermilion Energy during the 4th quarter worth approximately $94,000. Citizens Financial Group Inc. RI purchased a new stake in shares of Vermilion Energy during the 4th quarter valued at approximately $103,000. Amundi lifted its holdings in Vermilion Energy by 74.0% in the fourth quarter. Amundi now owns 11,020 shares of the oil and gas company's stock valued at $104,000 after acquiring an additional 4,685 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in Vermilion Energy in the fourth quarter valued at approximately $104,000. Institutional investors and hedge funds own 31.91% of the company's stock.

Vermilion Energy Trading Down 2.0%

NYSE:VET traded down $0.13 during trading hours on Friday, reaching $6.52. 1,919,150 shares of the stock were exchanged, compared to its average volume of 1,211,397. The company has a quick ratio of 1.19, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average of $6.60 and a two-hundred day moving average of $8.35. Vermilion Energy Inc. has a twelve month low of $5.14 and a twelve month high of $12.49. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -1.74 and a beta of 1.12.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last posted 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). Vermilion Energy had a negative net margin of 41.53% and a positive return on equity of 6.29%. The firm had revenue of $395.26 million during the quarter, compared to analysts' expectations of $569.00 million. On average, equities analysts predict that Vermilion Energy Inc. will post 0.22 EPS for the current year.

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.0903 per share. The ex-dividend date was Monday, March 31st. This is a positive change from Vermilion Energy's previous quarterly dividend of $0.09. This represents a $0.36 dividend on an annualized basis and a yield of 5.54%. Vermilion Energy's dividend payout ratio is -225.00%.

Wall Street Analysts Forecast Growth

VET has been the subject of several recent analyst reports. National Bankshares reissued an "outperform" rating on shares of Vermilion Energy in a research note on Friday, April 25th. Atb Cap Markets downgraded Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 13th. Desjardins cut shares of Vermilion Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Finally, Wall Street Zen cut shares of Vermilion Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Vermilion Energy presently has an average rating of "Hold".

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.