Vermilion Energy Inc. $VET Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its stake in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 134.6% during the third quarter, Holdings Channel reports. The fund owned 217,000 shares of the oil and gas company’s stock after purchasing an additional 124,500 shares during the quarter. Vontobel Holding Ltd.’s holdings in Vermilion Energy were worth $1,695,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC raised its stake in Vermilion Energy by 6.4% in the 1st quarter. Millennium Management LLC now owns 7,760,144 shares of the oil and gas company’s stock valued at $62,881,000 after purchasing an additional 466,695 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Vermilion Energy by 1.1% during the second quarter. Ameriprise Financial Inc. now owns 6,123,629 shares of the oil and gas company’s stock worth $44,580,000 after buying an additional 68,881 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Vermilion Energy by 14.1% during the second quarter. American Century Companies Inc. now owns 3,231,446 shares of the oil and gas company’s stock worth $23,588,000 after buying an additional 398,617 shares in the last quarter. LM Asset IM Inc. raised its position in shares of Vermilion Energy by 14.3% in the second quarter. LM Asset IM Inc. now owns 2,790,000 shares of the oil and gas company’s stock valued at $20,327,000 after buying an additional 350,000 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of Vermilion Energy by 317.5% in the second quarter. Mackenzie Financial Corp now owns 1,974,742 shares of the oil and gas company’s stock valued at $14,423,000 after buying an additional 1,501,741 shares during the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on VET shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Vermilion Energy in a research note on Wednesday, October 8th. BMO Capital Markets reissued a “market perform” rating on shares of Vermilion Energy in a research note on Thursday, December 11th. Desjardins cut Vermilion Energy from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 16th. TD Securities reaffirmed a “buy” rating on shares of Vermilion Energy in a research report on Thursday, December 11th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Vermilion Energy in a research report on Thursday, October 9th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Vermilion Energy Stock Down 0.5%

Shares of VET opened at $8.21 on Friday. Vermilion Energy Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $10.49. The company’s fifty day moving average is $8.35 and its two-hundred day moving average is $7.97. The firm has a market cap of $1.26 billion, a PE ratio of -7.46 and a beta of 0.69. The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 0.49.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its earnings results on Wednesday, November 5th. The oil and gas company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.06). Vermilion Energy had a negative return on equity of 1.90% and a negative net margin of 12.08%.The firm had revenue of $337.28 million during the quarter, compared to analysts’ expectations of $373.83 million. Analysts forecast that Vermilion Energy Inc. will post 0.22 earnings per share for the current year.

Vermilion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Monday, December 15th. Vermilion Energy’s dividend payout ratio (DPR) is -33.64%.

Vermilion Energy Company Profile

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).