Vermilion Energy Inc. $VET Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. increased its position in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,731,403 shares of the oil and gas company’s stock after purchasing an additional 73,242 shares during the period. Vanguard Group Inc. owned 4.40% of Vermilion Energy worth $56,005,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Millennium Management LLC grew its stake in shares of Vermilion Energy by 4.6% during the third quarter. Millennium Management LLC now owns 8,214,261 shares of the oil and gas company’s stock worth $64,161,000 after purchasing an additional 359,878 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Vermilion Energy by 22.7% during the third quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock worth $58,745,000 after purchasing an additional 1,388,489 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Vermilion Energy by 19.5% during the third quarter. American Century Companies Inc. now owns 3,863,101 shares of the oil and gas company’s stock worth $30,173,000 after purchasing an additional 631,655 shares in the last quarter. Bank of Nova Scotia grew its stake in shares of Vermilion Energy by 1.2% during the third quarter. Bank of Nova Scotia now owns 2,245,174 shares of the oil and gas company’s stock worth $17,537,000 after purchasing an additional 27,086 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Vermilion Energy by 51.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,630,488 shares of the oil and gas company’s stock worth $13,207,000 after purchasing an additional 553,281 shares in the last quarter. Institutional investors and hedge funds own 31.91% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of Vermilion Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Scotiabank restated a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, April 21st. TD Securities restated a “hold” rating on shares of Vermilion Energy in a research note on Thursday, March 5th. ATB Cormark Capital Markets upgraded shares of Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Friday, March 27th. Finally, Zacks Research downgraded shares of Vermilion Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $15.00.

Vermilion Energy Price Performance

Shares of VET opened at $12.81 on Friday. Vermilion Energy Inc. has a fifty-two week low of $6.22 and a fifty-two week high of $14.82. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of -3.35 and a beta of 0.36. The firm has a 50-day simple moving average of $12.65 and a 200-day simple moving average of $10.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.63.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.89). Vermilion Energy had a negative return on equity of 2.40% and a negative net margin of 43.49%.The business had revenue of $369.04 million for the quarter, compared to analyst estimates of $368.66 million. On average, equities research analysts anticipate that Vermilion Energy Inc. will post 0.54 earnings per share for the current year.

Vermilion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.135 per share. The ex-dividend date is Monday, June 15th. This represents a $0.54 annualized dividend and a dividend yield of 4.2%. Vermilion Energy’s dividend payout ratio is -10.47%.

About Vermilion Energy

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).