27,399 Shares in Vermilion Energy Inc. (NYSE:VET) Bought by Verition Fund Management LLC

Verition Fund Management LLC acquired a new position in shares of Vermilion Energy Inc. (NYSE:VET – Get Rating) (TSE:VET) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 27,399 shares of the oil and gas company’s stock, valued at approximately $587,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in VET. Raymond James & Associates raised its holdings in shares of Vermilion Energy by 227.0% during the first quarter. Raymond James & Associates now owns 38,432 shares of the oil and gas company’s stock worth $808,000 after acquiring an additional 26,679 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Vermilion Energy during the first quarter worth $238,000. Citigroup Inc. raised its holdings in shares of Vermilion Energy by 219.8% during the first quarter. Citigroup Inc. now owns 15,491 shares of the oil and gas company’s stock worth $325,000 after acquiring an additional 10,647 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Vermilion Energy by 8,245.6% during the first quarter. PNC Financial Services Group Inc. now owns 4,757 shares of the oil and gas company’s stock worth $99,000 after acquiring an additional 4,700 shares during the period. Finally, Natixis Advisors L.P. increased its stake in Vermilion Energy by 37.7% in the 1st quarter. Natixis Advisors L.P. now owns 50,711 shares of the oil and gas company’s stock valued at $1,066,000 after buying an additional 13,893 shares during the last quarter. 27.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on VET shares. BMO Capital Markets lowered their price target on shares of Vermilion Energy from C$32.00 to C$25.00 in a research note on Monday, January 9th. National Bank Financial lowered their price target on shares of Vermilion Energy from C$50.00 to C$29.00 in a research note on Wednesday, January 11th. Desjardins lowered their price target on shares of Vermilion Energy from C$38.00 to C$35.00 in a research note on Monday, January 9th. Royal Bank of Canada lowered their price target on shares of Vermilion Energy from C$35.00 to C$31.00 in a research note on Friday, November 11th. Finally, TD Securities lowered their price target on shares of Vermilion Energy from C$38.00 to C$35.00 in a research note on Monday, January 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.44.

Vermilion Energy Stock Performance

Shares of VET opened at $14.13 on Monday. The firm has a 50-day moving average of $15.02 and a 200-day moving average of $19.47. Vermilion Energy Inc. has a one year low of $12.90 and a one year high of $30.17. The company has a market cap of $2.30 billion, a PE ratio of 2.38 and a beta of 2.22. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.61 and a quick ratio of 0.58.

Vermilion Energy Company Profile

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Vermilion Energy, Inc engages in the acquisition, exploration, development, and production of oil and natural gas. It operates through the following geographical segments: Canada, United States of America, France, Netherlands, Germany, Ireland, Australia, and Corporate. The company was founded by Lorenzo Donadeo and Claudio A.