Boston Partners trimmed its stake in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 33.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 283,910 shares of the oil and gas company's stock after selling 140,830 shares during the quarter. Boston Partners owned about 0.17% of Vermilion Energy worth $3,424,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Citigroup Inc. raised its stake in shares of Vermilion Energy by 40.3% during the third quarter. Citigroup Inc. now owns 6,732 shares of the oil and gas company's stock worth $99,000 after purchasing an additional 1,932 shares during the last quarter. Bank of Nova Scotia Trust Co. purchased a new position in Vermilion Energy during the 3rd quarter worth $147,000. Moody Aldrich Partners LLC acquired a new stake in shares of Vermilion Energy in the 3rd quarter worth $157,000. AGF Management Ltd. purchased a new stake in shares of Vermilion Energy in the fourth quarter valued at about $143,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Vermilion Energy by 21,052.6% in the third quarter. PNC Financial Services Group Inc. now owns 12,057 shares of the oil and gas company's stock valued at $176,000 after acquiring an additional 12,000 shares in the last quarter. 31.91% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on VET. TD Securities raised shares of Vermilion Energy from a "hold" rating to a "buy" rating in a report on Wednesday, March 27th. BMO Capital Markets assumed coverage on Vermilion Energy in a research note on Tuesday. They set an "outperform" rating for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Vermilion Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.00.
Check Out Our Latest Analysis on VET
Vermilion Energy Price Performance
Shares of VET traded up $0.27 during trading hours on Friday, reaching $12.33. The company had a trading volume of 899,547 shares, compared to its average volume of 1,187,085. The company has a current ratio of 1.16, a quick ratio of 1.11 and a debt-to-equity ratio of 0.32. Vermilion Energy Inc. has a 12-month low of $9.81 and a 12-month high of $15.98. The firm has a 50 day simple moving average of $12.01 and a 200-day simple moving average of $11.87. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of -4.44 and a beta of 2.04.
Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last issued its earnings results on Wednesday, May 1st. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.78). The company had revenue of $376.85 million during the quarter. Vermilion Energy had a negative net margin of 30.71% and a positive return on equity of 11.65%. During the same period in the previous year, the business posted $0.77 earnings per share. Research analysts expect that Vermilion Energy Inc. will post 1.29 earnings per share for the current year.
Vermilion Energy Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.0872 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.35 dividend on an annualized basis and a yield of 2.83%. Vermilion Energy's payout ratio is -12.59%.
About Vermilion Energy
(
Free Report)
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.
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