Janney Montgomery Scott LLC lowered its holdings in shares of Vermilion Energy Inc. (NYSE:VET – Get Rating) (TSE:VET) by 1.1% during the 4th quarter, HoldingsChannel reports. The fund owned 101,633 shares of the oil and gas company’s stock after selling 1,100 shares during the period. Janney Montgomery Scott LLC’s holdings in Vermilion Energy were worth $1,799,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ninepoint Partners LP purchased a new stake in shares of Vermilion Energy in the 3rd quarter worth approximately $42,840,000. National Bank of Canada FI raised its stake in shares of Vermilion Energy by 837.2% in the fourth quarter. National Bank of Canada FI now owns 1,835,984 shares of the oil and gas company’s stock worth $32,494,000 after purchasing an additional 1,640,088 shares during the last quarter. Encompass Capital Advisors LLC bought a new position in shares of Vermilion Energy during the third quarter valued at $23,547,000. Renaissance Technologies LLC boosted its position in shares of Vermilion Energy by 522.4% during the third quarter. Renaissance Technologies LLC now owns 913,622 shares of the oil and gas company’s stock valued at $19,570,000 after buying an additional 766,822 shares during the last quarter. Finally, Allianz Asset Management GmbH purchased a new stake in shares of Vermilion Energy during the 1st quarter valued at about $13,498,000. Institutional investors own 27.94% of the company’s stock.
Vermilion Energy Price Performance
Shares of NYSE:VET opened at $12.11 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.78 and a current ratio of 0.80. Vermilion Energy Inc. has a fifty-two week low of $11.93 and a fifty-two week high of $30.17. The firm has a fifty day moving average price of $13.19 and a 200 day moving average price of $16.51. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 2.01 and a beta of 2.21.
Vermilion Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Friday, March 31st were paid a $0.073 dividend. This represents a $0.29 annualized dividend and a dividend yield of 2.41%. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, March 30th. Vermilion Energy’s dividend payout ratio (DPR) is presently 4.82%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on VET shares. Scotiabank lowered their price objective on shares of Vermilion Energy from C$32.00 to C$29.00 in a research report on Tuesday, January 17th. JPMorgan Chase & Co. upgraded Vermilion Energy from a “neutral” rating to an “overweight” rating in a research note on Tuesday, March 14th. StockNews.com upgraded Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Wednesday. CIBC cut their price target on Vermilion Energy from C$36.00 to C$26.00 in a research note on Tuesday, January 17th. Finally, Desjardins reduced their price objective on Vermilion Energy from C$38.00 to C$35.00 in a research note on Monday, January 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.44.
Vermilion Energy Company Profile
Vermilion Energy, Inc engages in the acquisition, exploration, development, and production of oil and natural gas. It operates through the following geographical segments: Canada, United States of America, France, Netherlands, Germany, Ireland, Australia, and Corporate. The company was founded by Lorenzo Donadeo and Claudio A.
Further Reading
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