Mitsubishi UFJ Trust & Banking Corp Has $702,000 Stock Position in Vermilion Energy Inc. (NYSE:VET)

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of Vermilion Energy Inc. (NYSE:VETGet Rating) (TSE:VET) by 73.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,200 shares of the oil and gas company’s stock after selling 60,100 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Vermilion Energy were worth $702,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Vermilion Energy by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 5,114,553 shares of the oil and gas company’s stock worth $107,508,000 after buying an additional 209,778 shares during the period. Dimensional Fund Advisors LP raised its stake in Vermilion Energy by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,219,701 shares of the oil and gas company’s stock worth $46,658,000 after buying an additional 65,689 shares during the period. American Century Companies Inc. raised its stake in Vermilion Energy by 312.1% during the 1st quarter. American Century Companies Inc. now owns 1,235,418 shares of the oil and gas company’s stock worth $25,941,000 after buying an additional 935,659 shares during the period. Jupiter Asset Management Ltd. raised its stake in Vermilion Energy by 715.4% during the 1st quarter. Jupiter Asset Management Ltd. now owns 1,012,068 shares of the oil and gas company’s stock worth $21,229,000 after buying an additional 887,943 shares during the period. Finally, Mackenzie Financial Corp raised its stake in Vermilion Energy by 18.3% during the 1st quarter. Mackenzie Financial Corp now owns 863,135 shares of the oil and gas company’s stock worth $18,152,000 after buying an additional 133,749 shares during the period. 24.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Royal Bank of Canada lowered their price objective on Vermilion Energy from C$35.00 to C$31.00 in a research note on Friday, November 11th. Scotiabank downgraded Vermilion Energy from an “outperform” rating to a “sector perform” rating in a research note on Friday, September 16th. BMO Capital Markets decreased their price target on Vermilion Energy from C$40.00 to C$36.00 in a research report on Thursday, November 10th. StockNews.com downgraded Vermilion Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. Finally, TD Securities decreased their price target on Vermilion Energy from C$45.00 to C$41.00 in a research report on Thursday, November 10th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.33.

Vermilion Energy Price Performance

Shares of NYSE VET opened at $19.52 on Monday. The stock has a fifty day simple moving average of $22.13 and a two-hundred day simple moving average of $22.32. Vermilion Energy Inc. has a 1-year low of $8.71 and a 1-year high of $30.17. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 3.29 and a beta of 2.37. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 0.51.

Vermilion Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 16th. Shareholders of record on Friday, December 30th will be issued a dividend of $0.059 per share. This represents a $0.24 annualized dividend and a yield of 1.21%. The ex-dividend date is Thursday, December 29th. Vermilion Energy’s dividend payout ratio (DPR) is 4.05%.

Vermilion Energy Profile

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Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. The company owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land in Canada; 130,715 net acres of land in the Powder River basin in the United States; 96% working interest in 248,873 net acres of developed land and 86% working interest in 134,160 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net developed acres and 920,723 net undeveloped acres in Germany; 975,375 net acres land in Croatia; 946,666 net acres land in Hungary; and 48,954 net acres land in Slovakia.

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Institutional Ownership by Quarter for Vermilion Energy (NYSE:VET)

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