Janney Montgomery Scott LLC Acquires 20,389 Shares of Vermilion Energy Inc. (NYSE:VET)

Janney Montgomery Scott LLC boosted its holdings in shares of Vermilion Energy Inc. (NYSE:VETFree Report) (TSE:VET) by 15.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 149,124 shares of the oil and gas company’s stock after acquiring an additional 20,389 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.09% of Vermilion Energy worth $1,798,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in Vermilion Energy by 10.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,786,251 shares of the oil and gas company’s stock valued at $33,602,000 after acquiring an additional 265,611 shares in the last quarter. AGF Management Ltd. bought a new position in shares of Vermilion Energy in the fourth quarter valued at approximately $143,000. BNP Paribas Financial Markets raised its position in shares of Vermilion Energy by 1,425.0% in the fourth quarter. BNP Paribas Financial Markets now owns 114,740 shares of the oil and gas company’s stock valued at $1,384,000 after purchasing an additional 107,216 shares during the period. Intact Investment Management Inc. raised its position in shares of Vermilion Energy by 36.5% in the fourth quarter. Intact Investment Management Inc. now owns 1,147,900 shares of the oil and gas company’s stock valued at $13,835,000 after purchasing an additional 307,200 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Vermilion Energy by 10.1% in the fourth quarter. Russell Investments Group Ltd. now owns 145,518 shares of the oil and gas company’s stock valued at $1,760,000 after purchasing an additional 13,377 shares during the period. Institutional investors own 31.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. BMO Capital Markets assumed coverage on shares of Vermilion Energy in a research report on Tuesday, May 14th. They issued an “outperform” rating on the stock. TD Securities raised shares of Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $25.00.

View Our Latest Research Report on VET

Vermilion Energy Stock Performance

Shares of Vermilion Energy stock opened at $11.95 on Monday. The company’s fifty day simple moving average is $12.10 and its 200-day simple moving average is $11.79. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.11 and a current ratio of 1.16. Vermilion Energy Inc. has a 1 year low of $9.81 and a 1 year high of $15.98.

Vermilion Energy (NYSE:VETGet Free Report) (TSE:VET) last announced its quarterly earnings data on Wednesday, May 1st. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.78). The company had revenue of $376.85 million during the quarter. Vermilion Energy had a positive return on equity of 11.65% and a negative net margin of 30.71%. During the same quarter last year, the firm posted $0.77 EPS. As a group, sell-side analysts expect that Vermilion Energy Inc. will post 1.29 earnings per share for the current fiscal year.

Vermilion Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.0872 per share. The ex-dividend date is Friday, June 28th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 2.92%. Vermilion Energy’s payout ratio is presently -12.59%.

Vermilion Energy Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Vermilion Energy (NYSE:VET)

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