Millennium Management LLC Increases Stake in Vermilion Energy Inc. (NYSE:VET)

Millennium Management LLC increased its holdings in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 14.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,293,449 shares of the oil and gas company's stock after acquiring an additional 921,230 shares during the quarter. Millennium Management LLC owned about 4.73% of Vermilion Energy worth $68,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Larson Financial Group LLC grew its holdings in Vermilion Energy by 1,123.6% in the fourth quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company's stock worth $41,000 after purchasing an additional 4,000 shares during the period. Northern Trust Corp bought a new stake in shares of Vermilion Energy in the 4th quarter worth approximately $94,000. Citizens Financial Group Inc. RI bought a new stake in shares of Vermilion Energy in the 4th quarter worth approximately $103,000. Amundi grew its stake in shares of Vermilion Energy by 74.0% in the 4th quarter. Amundi now owns 11,020 shares of the oil and gas company's stock worth $104,000 after buying an additional 4,685 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Vermilion Energy in the 4th quarter worth approximately $104,000. 31.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. StockNews.com downgraded Vermilion Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. 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. Desjardins lowered shares of Vermilion Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Vermilion Energy in a report on Friday, April 25th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold".

Vermilion Energy Stock Down 1.1%

Shares of VET stock traded down $0.08 during mid-day trading on Wednesday, hitting $6.48. The company's stock had a trading volume of 365,726 shares, compared to its average volume of 1,193,460. The stock has a market cap of $998.30 million, a price-to-earnings ratio of -1.73 and a beta of 1.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.25. Vermilion Energy Inc. has a 52-week low of $5.14 and a 52-week high of $12.58. The business has a 50-day moving average price of $6.85 and a 200 day moving average price of $8.52.

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

Vermilion Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.0903 dividend. This is an increase from Vermilion Energy's previous quarterly dividend of $0.09. The ex-dividend date was Monday, March 31st. This represents a $0.36 dividend on an annualized basis and a yield of 5.58%. Vermilion Energy's dividend payout ratio is currently -225.00%.

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.