CIBC Asset Management Inc Cuts Stock Holdings in Vermilion Energy Inc. (NYSE:VET)

CIBC Asset Management Inc lowered its position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 194,013 shares of the oil and gas company’s stock after selling 3,754 shares during the period. CIBC Asset Management Inc owned about 0.13% of Vermilion Energy worth $1,822,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. grew its position in Vermilion Energy by 601.9% in the 3rd quarter. Blue Trust Inc. now owns 13,996 shares of the oil and gas company’s stock worth $137,000 after purchasing an additional 12,002 shares in the last quarter. Aigen Investment Management LP boosted its stake in shares of Vermilion Energy by 29.8% in the 3rd quarter. Aigen Investment Management LP now owns 27,148 shares of the oil and gas company’s stock worth $265,000 after buying an additional 6,229 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Vermilion Energy in the third quarter valued at approximately $277,000. Entropy Technologies LP purchased a new stake in shares of Vermilion Energy during the third quarter valued at approximately $382,000. Finally, Barclays PLC increased its position in shares of Vermilion Energy by 1,469.8% during the third quarter. Barclays PLC now owns 44,581 shares of the oil and gas company’s stock valued at $435,000 after acquiring an additional 41,741 shares during the last quarter. 31.91% of the stock is owned by institutional investors.

Vermilion Energy Stock Performance

NYSE VET opened at $8.92 on Friday. The company has a market capitalization of $1.38 billion, a PE ratio of -2.38 and a beta of 1.97. 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 $8.22 and a 52-week high of $12.79. The company has a 50-day simple moving average of $9.48 and a 200 day simple moving average of $9.72.

Analysts Set New Price Targets

Separately, Atb Cap Markets downgraded Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 13th.

About Vermilion Energy

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.