Stevens Capital Management LP increased its holdings in Vermilion Energy Inc (NYSE:VET) (TSE:VET) by 14.4% in the first quarter, HoldingsChannel.com reports. The firm owned 24,775 shares of the oil and gas company’s stock after purchasing an additional 3,126 shares during the period. Stevens Capital Management LP’s holdings in Vermilion Energy were worth $612,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Great West Life Assurance Co. Can grew its position in Vermilion Energy by 9.2% during the fourth quarter. Great West Life Assurance Co. Can now owns 3,982,333 shares of the oil and gas company’s stock valued at $84,063,000 after acquiring an additional 334,561 shares during the period. Vanguard Group Inc. grew its position in Vermilion Energy by 8.3% during the third quarter. Vanguard Group Inc. now owns 3,934,269 shares of the oil and gas company’s stock valued at $129,595,000 after acquiring an additional 300,994 shares during the period. Principal Financial Group Inc. grew its position in Vermilion Energy by 2.0% during the fourth quarter. Principal Financial Group Inc. now owns 1,700,713 shares of the oil and gas company’s stock valued at $35,834,000 after acquiring an additional 34,158 shares during the period. Norges Bank purchased a new stake in Vermilion Energy during the fourth quarter valued at about $31,876,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its position in Vermilion Energy by 8.9% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,330,053 shares of the oil and gas company’s stock valued at $38,252,000 after acquiring an additional 108,400 shares during the period. 51.65% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:VET traded down $0.25 during trading on Friday, hitting $23.20. The company’s stock had a trading volume of 3,129 shares, compared to its average volume of 329,227. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.67 and a current ratio of 0.71. Vermilion Energy Inc has a fifty-two week low of $19.43 and a fifty-two week high of $37.89. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 30.09, a price-to-earnings-growth ratio of 0.87 and a beta of 1.05.
The firm also recently declared a monthly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a $0.1714 dividend. This represents a $2.06 annualized dividend and a dividend yield of 8.87%. The ex-dividend date of this dividend is Thursday, May 30th. Vermilion Energy’s dividend payout ratio (DPR) is 268.83%.
A number of research firms have issued reports on VET. TD Securities downgraded Vermilion Energy from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Raymond James reissued a “buy” rating on shares of Vermilion Energy in a research report on Friday, April 26th. BMO Capital Markets reissued a “hold” rating on shares of Vermilion Energy in a research report on Thursday, February 28th. Zacks Investment Research downgraded Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 23rd. Finally, TheStreet upgraded Vermilion Energy from a “d+” rating to a “c” rating in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $38.33.
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About Vermilion Energy
Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.
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