Intact Investment Management Inc. Raises Holdings in Vermilion Energy Inc. $VET

Intact Investment Management Inc. increased its position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 6.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,080,500 shares of the oil and gas company’s stock after buying an additional 64,000 shares during the period. Intact Investment Management Inc. owned 0.70% of Vermilion Energy worth $8,440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Vermilion Energy by 18.9% during the 3rd quarter. Blue Trust Inc. now owns 9,249 shares of the oil and gas company’s stock valued at $72,000 after buying an additional 1,471 shares in the last quarter. Drum Hill Capital LLC grew its holdings in shares of Vermilion Energy by 0.6% in the third quarter. Drum Hill Capital LLC now owns 310,043 shares of the oil and gas company’s stock valued at $2,425,000 after purchasing an additional 1,839 shares in the last quarter. Vident Advisory LLC grew its holdings in shares of Vermilion Energy by 6.0% in the second quarter. Vident Advisory LLC now owns 47,694 shares of the oil and gas company’s stock valued at $347,000 after purchasing an additional 2,691 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Vermilion Energy by 178.7% in the second quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 4,136 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Vermilion Energy by 7.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 93,552 shares of the oil and gas company’s stock valued at $683,000 after purchasing an additional 6,640 shares in the last quarter. 31.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

VET has been the subject of a number of recent research reports. Zacks Research cut shares of Vermilion Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a report on Thursday, October 9th. Wall Street Zen cut Vermilion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. TD Securities restated a “buy” rating on shares of Vermilion Energy in a research report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vermilion Energy in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Vermilion Energy has an average rating of “Hold”.

Vermilion Energy Stock Performance

Shares of NYSE:VET opened at $9.30 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.71 and a debt-to-equity ratio of 0.49. Vermilion Energy Inc. has a 12 month low of $5.14 and a 12 month high of $10.01. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of -8.45 and a beta of 0.69. The firm’s 50-day moving average is $8.63 and its 200 day moving average is $8.08.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings data on Wednesday, November 5th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.06). The firm had revenue of $337.28 million during the quarter, compared to the consensus estimate of $373.83 million. Vermilion Energy had a negative return on equity of 1.90% and a negative net margin of 12.08%. Research analysts predict that Vermilion Energy Inc. will post 0.22 EPS for the current year.

Vermilion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Monday, December 15th. Vermilion Energy’s dividend payout ratio is -33.64%.

Vermilion Energy Company Profile

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).