CIBC Asset Management Inc Acquires 3,869 Shares of Vermilion Energy Inc. (NYSE:VET)

CIBC Asset Management Inc grew its holdings in Vermilion Energy Inc. (NYSE:VETFree Report) (TSE:VET) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 163,325 shares of the oil and gas company’s stock after acquiring an additional 3,869 shares during the quarter. CIBC Asset Management Inc owned 0.10% of Vermilion Energy worth $1,975,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Campbell & CO Investment Adviser LLC acquired a new position in Vermilion Energy during the fourth quarter worth $410,000. Alberta Investment Management Corp raised its stake in Vermilion Energy by 9.5% during the fourth quarter. Alberta Investment Management Corp now owns 670,800 shares of the oil and gas company’s stock worth $8,124,000 after acquiring an additional 58,000 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Vermilion Energy by 613.5% during the fourth quarter. Allianz Asset Management GmbH now owns 364,139 shares of the oil and gas company’s stock worth $4,410,000 after acquiring an additional 313,100 shares in the last quarter. Trexquant Investment LP raised its stake in Vermilion Energy by 98.1% during the fourth quarter. Trexquant Investment LP now owns 150,515 shares of the oil and gas company’s stock worth $1,815,000 after acquiring an additional 74,534 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Vermilion Energy by 15.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 149,124 shares of the oil and gas company’s stock worth $1,798,000 after acquiring an additional 20,389 shares in the last quarter. 31.91% of the stock is owned by institutional investors.

Vermilion Energy Stock Performance

Shares of NYSE:VET opened at $11.25 on Friday. The business has a fifty day moving average of $12.09 and a 200-day moving average of $11.73. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.11 and a current ratio of 1.16. The firm has a market cap of $1.80 billion, a PE ratio of -4.05 and a beta of 2.02. Vermilion Energy Inc. has a twelve month low of $9.81 and a twelve month 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 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.78). The firm 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 period last year, the firm posted $0.77 EPS. On average, equities research analysts predict that Vermilion Energy Inc. will post 1.45 EPS for the current fiscal year.

Vermilion Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $0.0872 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.35 dividend on an annualized basis and a yield of 3.10%. Vermilion Energy’s payout ratio is -12.59%.

Analysts Set New Price Targets

VET has been the subject of several recent analyst reports. BMO Capital Markets initiated coverage on Vermilion Energy in a research note on Tuesday, May 14th. They set an “outperform” rating for the company. 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 four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

Read Our Latest Research Report on VET

Vermilion Energy Company 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.

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

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