Mackenzie Financial Corp Raises Stock Position in Vermilion Energy Inc. (NYSE:VET)

Mackenzie Financial Corp boosted its stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,145,383 shares of the oil and gas company’s stock after purchasing an additional 2,249 shares during the period. Mackenzie Financial Corp’s holdings in Vermilion Energy were worth $13,811,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Covestor Ltd purchased a new stake in shares of Vermilion Energy during the first quarter valued at approximately $25,000. Money Concepts Capital Corp purchased a new stake in Vermilion Energy during the 4th quarter worth $40,000. Tower Research Capital LLC TRC boosted its position in Vermilion Energy by 99.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,362 shares of the oil and gas company’s stock valued at $54,000 after buying an additional 2,170 shares during the last quarter. Citigroup Inc. grew its stake in shares of Vermilion Energy by 40.3% during the third quarter. Citigroup Inc. now owns 6,732 shares of the oil and gas company’s stock valued at $99,000 after acquiring an additional 1,932 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position 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 last quarter. 31.91% of the stock is currently owned by hedge funds and other institutional investors.

Vermilion Energy Stock Down 0.3 %

NYSE VET opened at $11.76 on Friday. The company’s fifty day moving average price is $11.61 and its two-hundred day moving average price is $12.24. Vermilion Energy Inc. has a 12 month low of $9.81 and a 12 month high of $15.98. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 0.31.

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

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.0888 per share. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.36 annualized dividend and a dividend yield of 3.02%. Vermilion Energy’s payout ratio is -26.13%.

Analyst Upgrades and Downgrades

Separately, TD Securities upgraded 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $25.00.

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.