AMP Capital Investors Ltd lowered its stake in shares of Vermilion Energy Inc (NYSE:VET) (TSE:VET) by 7.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 50,842 shares of the oil and gas company’s stock after selling 4,100 shares during the period. AMP Capital Investors Ltd’s holdings in Vermilion Energy were worth $1,853,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in VET. Dimensional Fund Advisors LP raised its position in shares of Vermilion Energy by 10.8% during the second quarter. Dimensional Fund Advisors LP now owns 134,703 shares of the oil and gas company’s stock valued at $4,274,000 after buying an additional 13,180 shares during the last quarter. First Trust Advisors LP raised its position in shares of Vermilion Energy by 12.2% during the third quarter. First Trust Advisors LP now owns 23,637 shares of the oil and gas company’s stock valued at $841,000 after buying an additional 2,577 shares during the last quarter. Sei Investments Co. raised its position in Vermilion Energy by 105.5% in the third quarter. Sei Investments Co. now owns 9,572 shares of the oil and gas company’s stock worth $341,000 after purchasing an additional 4,915 shares in the last quarter. Advisor Group Inc. raised its position in Vermilion Energy by 173.6% in the third quarter. Advisor Group Inc. now owns 3,122 shares of the oil and gas company’s stock worth $111,000 after purchasing an additional 1,981 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in Vermilion Energy by 32.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 32,300 shares of the oil and gas company’s stock worth $986,000 after purchasing an additional 8,000 shares in the last quarter. 55.89% of the stock is owned by institutional investors and hedge funds.
VET has been the subject of several recent research reports. ValuEngine lowered shares of Vermilion Energy from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. initiated coverage on shares of Vermilion Energy in a research report on Monday, February 12th. They issued an “overweight” rating for the company. Finally, Zacks Investment Research raised shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating and set a $39.00 price target for the company in a research report on Wednesday, February 14th. Three analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $47.83.
Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings results on Thursday, March 1st. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.12). Vermilion Energy had a return on equity of 4.92% and a net margin of 5.32%. The business had revenue of $249.88 million during the quarter, compared to analyst estimates of $244.23 million. analysts expect that Vermilion Energy Inc will post 0.76 EPS for the current fiscal year.
The firm also recently declared a dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be given a $0.168 dividend. The ex-dividend date is Wednesday, March 28th. Vermilion Energy’s dividend payout ratio (DPR) is presently 544.74%.
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Vermilion Energy Profile
Vermilion Energy Inc produces oil and gas, and focuses on the acquisition, development and optimization of producing properties in North America, the Europe and Australia. Its segments include Canada, which includes production and assets focused in West Pembina near Drayton Valley, Alberta and Northgate in southeast Saskatchewan; France, which produces oil in France; Netherlands, which produces onshore gas and interests include over 24 onshore licenses and two offshore licenses; Germany, which holds interest in a four partner consortium; Ireland, which includes a non-operating interest in the offshore Corrib gas field located approximately 83 kilometers off the northwest coast of Ireland; Australia, which holds an operated working interest in the Wandoo field located approximately 80 kilometers offshore on the northwest shelf of Australia; the United States, which has interests in approximately 97,200 net acres of land in the Powder River Basin of northeastern Wyoming, and Corporate.
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