DekaBank Deutsche Girozentrale Purchases 5,917 Shares of Vermilion Energy Inc. (NYSE:VET)

DekaBank Deutsche Girozentrale boosted its position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 43.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,650 shares of the oil and gas company’s stock after acquiring an additional 5,917 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Vermilion Energy were worth $236,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Brave Asset Management Inc. bought a new position in Vermilion Energy in the fourth quarter valued at about $157,000. Clear Harbor Asset Management LLC boosted its holdings in Vermilion Energy by 63.3% in the fourth quarter. Clear Harbor Asset Management LLC now owns 32,621 shares of the oil and gas company’s stock valued at $395,000 after acquiring an additional 12,650 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Vermilion Energy by 22.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 152,762 shares of the oil and gas company’s stock valued at $1,850,000 after buying an additional 27,571 shares during the period. Vanguard Group Inc. lifted its stake in Vermilion Energy by 1.4% in the third quarter. Vanguard Group Inc. now owns 5,758,056 shares of the oil and gas company’s stock valued at $84,183,000 after buying an additional 81,497 shares during the period. Finally, Citigroup Inc. lifted its stake in Vermilion Energy by 40.3% in the third quarter. Citigroup Inc. now owns 6,732 shares of the oil and gas company’s stock valued at $99,000 after buying an additional 1,932 shares during the period. Institutional investors own 31.91% of the company’s stock.

Analysts Set New Price Targets

Separately, TD Securities raised Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

Vermilion Energy Trading Up 0.5 %

NYSE:VET opened at $12.05 on Wednesday. Vermilion Energy Inc. has a 1-year low of $9.81 and a 1-year high of $15.98. The business’s 50-day moving average price is $11.55 and its two-hundred day moving average price is $12.25. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of -10.86 and a beta of 2.04.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its earnings results on Wednesday, March 6th. The oil and gas company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.42. Vermilion Energy had a positive return on equity of 15.75% and a negative net margin of 11.40%. The firm had revenue of $384.17 million for the quarter, compared to analyst estimates of $442.92 million. On average, equities analysts expect that Vermilion Energy Inc. will post 1.94 earnings per share for the current year.

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.0888 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.95%. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.07. Vermilion Energy’s dividend payout ratio (DPR) is currently -26.13%.

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.