Zurcher Kantonalbank Zurich Cantonalbank Has $2.26 Million Holdings in Vermilion Energy Inc. (NYSE:VET)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 4.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 186,676 shares of the oil and gas company’s stock after selling 7,807 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Vermilion Energy were worth $2,261,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Vermilion Energy by 3.9% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 21,928 shares of the oil and gas company’s stock valued at $321,000 after acquiring an additional 828 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in Vermilion Energy by 0.5% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 165,925 shares of the oil and gas company’s stock valued at $2,426,000 after purchasing an additional 856 shares during the last quarter. Natixis Advisors L.P. boosted its position in Vermilion Energy by 4.0% in the third quarter. Natixis Advisors L.P. now owns 49,440 shares of the oil and gas company’s stock valued at $723,000 after buying an additional 1,896 shares in the last quarter. Citigroup Inc. grew its stake in Vermilion Energy by 40.3% during the third quarter. Citigroup Inc. now owns 6,732 shares of the oil and gas company’s stock worth $99,000 after buying an additional 1,932 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Vermilion Energy by 25.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,002 shares of the oil and gas company’s stock worth $263,000 after buying an additional 3,634 shares in the last quarter. Institutional investors and hedge funds own 31.91% of the company’s stock.

Vermilion Energy Stock Up 1.5 %

Shares of NYSE:VET opened at $12.02 on Wednesday. The business has a fifty day moving average of $11.65 and a 200-day moving average of $12.20. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.10 and a current ratio of 1.18. Vermilion Energy Inc. has a twelve month low of $9.81 and a twelve month high of $15.98.

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

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.0888 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.96%. 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%.

Analysts Set New Price Targets

Separately, TD Securities raised Vermilion Energy from a “hold” rating to a “buy” rating in a report on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Vermilion Energy Profile

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.