Bank of America Corp DE Lowers Holdings in Vermilion Energy Inc. (NYSE:VET)

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Vermilion Energy by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 6,066,063 shares of the oil and gas company's stock worth $57,100,000 after buying an additional 86,425 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Vermilion Energy during the fourth quarter valued at $10,866,000. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of Vermilion Energy by 26.1% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,109,501 shares of the oil and gas company's stock worth $10,429,000 after purchasing an additional 229,900 shares during 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 worth $8,643,000 after purchasing an additional 303,370 shares during the last quarter. Finally, Alberta Investment Management Corp lifted its stake in Vermilion Energy by 12.8% in the fourth quarter. Alberta Investment Management Corp now owns 719,000 shares of the oil and gas company's stock worth $6,764,000 after acquiring an additional 81,500 shares during the period. Institutional investors own 31.91% of the company's stock.

Vermilion Energy Trading Up 4.3%

NYSE VET traded up $0.28 during trading hours on Monday, reaching $6.79. The company had a trading volume of 2,366,758 shares, compared to its average volume of 1,218,150. The stock has a 50-day moving average of $6.57 and a 200 day moving average of $8.31. Vermilion Energy Inc. has a 1-year low of $5.14 and a 1-year high of $12.49. The company has a current ratio of 1.25, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $1.05 billion, a P/E ratio of -1.82 and a beta of 1.12.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last released its earnings results on Wednesday, May 7th. The oil and gas company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.10). The firm had revenue of $395.26 million for the quarter, compared to analysts' expectations of $569.00 million. Vermilion Energy had a positive return on equity of 6.29% and a negative net margin of 41.53%. As a group, research analysts anticipate that Vermilion Energy Inc. will post 0.22 earnings per share for the current fiscal year.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.0903 per share. The ex-dividend date was Monday, March 31st. This is an increase from Vermilion Energy's previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a dividend yield of 5.32%. Vermilion Energy's dividend payout ratio (DPR) is currently -225.00%.

Wall Street Analyst Weigh In

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

Vermilion Energy Company 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.