Mitsubishi UFJ Trust & Banking Corp Reduces Position in Vermilion Energy Inc. (NYSE:VET)

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 23.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,800 shares of the oil and gas company’s stock after selling 5,900 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Vermilion Energy were worth $257,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HBK Sorce Advisory LLC lifted its holdings in shares of Vermilion Energy by 8.6% in the fourth quarter. HBK Sorce Advisory LLC now owns 18,432 shares of the oil and gas company’s stock worth $326,000 after buying an additional 1,465 shares in the last quarter. Tobam lifted its holdings in shares of Vermilion Energy by 51.7% in the first quarter. Tobam now owns 222,049 shares of the oil and gas company’s stock worth $2,869,000 after buying an additional 75,686 shares in the last quarter. Intact Investment Management Inc. lifted its holdings in shares of Vermilion Energy by 107.9% in the fourth quarter. Intact Investment Management Inc. now owns 734,340 shares of the oil and gas company’s stock worth $13,000,000 after buying an additional 381,200 shares in the last quarter. Continuum Advisory LLC lifted its holdings in shares of Vermilion Energy by 41.9% in the fourth quarter. Continuum Advisory LLC now owns 116,426 shares of the oil and gas company’s stock worth $2,061,000 after buying an additional 34,394 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its holdings in shares of Vermilion Energy by 99.7% in the fourth quarter. Jupiter Asset Management Ltd. now owns 1,893,696 shares of the oil and gas company’s stock worth $33,459,000 after buying an additional 945,318 shares in the last quarter. 28.33% of the stock is owned by hedge funds and other institutional investors.

Vermilion Energy Stock Up 1.6 %

Shares of NYSE VET opened at $13.78 on Friday. Vermilion Energy Inc. has a one year low of $10.75 and a one year high of $30.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.85 and a quick ratio of 0.83. The firm’s 50 day simple moving average is $13.34 and its two-hundred day simple moving average is $12.98. The stock has a market capitalization of $2.26 billion, a P/E ratio of 2.62 and a beta of 2.25.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.33. Vermilion Energy had a net margin of 41.30% and a return on equity of 16.48%. The business had revenue of $350.94 million for the quarter, compared to analysts’ expectations of $409.87 million. As a group, analysts expect that Vermilion Energy Inc. will post 2.18 EPS for the current fiscal year.

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.0749 per share. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, September 28th. Vermilion Energy’s dividend payout ratio (DPR) is presently 5.51%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VET. Desjardins cut shares of Vermilion Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. StockNews.com began coverage on shares of Vermilion Energy in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Canaccord Genuity Group began coverage on shares of Vermilion Energy in a research report on Friday, July 21st. They issued a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $31.50.

About Vermilion Energy

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 82% working interest in 796,648 net acres of developed land and 85% working interest in 384,237 net acres of undeveloped land in Canada; 149,043 net acres of land in the Powder River basin in the United States; 96% working interest in 258,125 net acres of developed land and 100% working interest in 106,993 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 1,604,206 net acres of land in the Netherlands; 107,351 net developed acres and 1,549,929 net undeveloped acres in Germany; 975,374 net acres land in Croatia; 614,625 net acres land in Hungary; and 97,907 net acres land in Slovakia.