Intact Investment Management Inc. Increases Holdings in Vermilion Energy Inc. (NYSE:VET)

Intact Investment Management Inc. grew its holdings in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 36.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,147,900 shares of the oil and gas company's stock after purchasing an additional 307,200 shares during the period. Intact Investment Management Inc. owned approximately 0.71% of Vermilion Energy worth $13,835,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of VET. Mackenzie Financial Corp grew its position in Vermilion Energy by 142.2% during the 3rd quarter. Mackenzie Financial Corp now owns 1,143,134 shares of the oil and gas company's stock worth $15,699,000 after acquiring an additional 671,228 shares during the last quarter. Boston Partners bought a new stake in Vermilion Energy during the 3rd quarter worth $6,210,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Vermilion Energy by 62.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,029,095 shares of the oil and gas company's stock worth $15,054,000 after buying an additional 397,495 shares during the period. Foundry Partners LLC acquired a new position in Vermilion Energy during the 3rd quarter worth about $5,311,000. Finally, Ameriprise Financial Inc. lifted its holdings in Vermilion Energy by 10.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,586,946 shares of the oil and gas company's stock worth $52,441,000 after buying an additional 346,826 shares during the period. Institutional investors own 31.91% of the company's stock.

Vermilion Energy Stock Performance

Shares of VET stock traded up $0.06 during trading on Friday, hitting $12.09. The company's stock had a trading volume of 671,654 shares, compared to its average volume of 797,012. The company has a market cap of $1.93 billion, a PE ratio of -10.89 and a beta of 2.04. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average of $11.76 and a 200-day moving average of $12.17. Vermilion Energy Inc. has a 52 week low of $9.81 and a 52 week high of $15.98.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last posted its quarterly earnings data on Wednesday, March 6th. The oil and gas company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.53 by $0.42. Vermilion Energy had a positive return on equity of 15.75% and a negative net margin of 11.40%. The business had revenue of $384.17 million for the quarter, compared to the consensus estimate of $442.92 million. As a group, research analysts anticipate that Vermilion Energy Inc. will post 1.85 earnings per share for the current year.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.0888 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Wednesday, March 27th. This is an increase from Vermilion Energy's previous quarterly dividend of $0.07. Vermilion Energy's dividend payout ratio (DPR) is -26.13%.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised Vermilion Energy from a "hold" rating to a "buy" rating in a research note on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $25.00.

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.