Exane Asset Management Trims Holdings in Vermilion Energy Inc (NYSE:VET)

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Exane Asset Management cut its position in Vermilion Energy Inc (NYSE:VET) (TSE:VET) by 63.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,584 shares of the oil and gas company’s stock after selling 21,562 shares during the quarter. Exane Asset Management’s holdings in Vermilion Energy were worth $462,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VET. BNP Paribas Arbitrage SA raised its position in shares of Vermilion Energy by 34.7% during the second quarter. BNP Paribas Arbitrage SA now owns 7,858 shares of the oil and gas company’s stock worth $283,000 after acquiring an additional 2,023 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Vermilion Energy by 81.5% during the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,346 shares of the oil and gas company’s stock worth $193,000 after acquiring an additional 2,400 shares during the last quarter. First Republic Investment Management Inc. raised its position in shares of Vermilion Energy by 7.6% during the second quarter. First Republic Investment Management Inc. now owns 45,075 shares of the oil and gas company’s stock worth $1,625,000 after acquiring an additional 3,192 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Vermilion Energy by 4.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 101,383 shares of the oil and gas company’s stock worth $3,273,000 after acquiring an additional 3,942 shares during the last quarter. Finally, Raymond James & Associates raised its position in shares of Vermilion Energy by 1.8% during the second quarter. Raymond James & Associates now owns 252,562 shares of the oil and gas company’s stock worth $9,106,000 after acquiring an additional 4,440 shares during the last quarter. Hedge funds and other institutional investors own 53.26% of the company’s stock.

NYSE VET traded up $0.40 during trading hours on Friday, hitting $31.03. 178,584 shares of the company’s stock were exchanged, compared to its average volume of 164,874. Vermilion Energy Inc has a 1-year low of $30.17 and a 1-year high of $40.59. The stock has a market capitalization of $5.02 billion, a P/E ratio of 60.84 and a beta of 0.60. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.59.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its earnings results on Monday, July 30th. The oil and gas company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. Vermilion Energy had a positive return on equity of 3.16% and a negative net margin of 5.09%. The business had revenue of $305.73 million during the quarter, compared to analysts’ expectations of $273.05 million. Equities analysts expect that Vermilion Energy Inc will post 0.82 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be paid a dividend of $0.1769 per share. The ex-dividend date is Thursday, September 27th. This represents a $2.12 annualized dividend and a yield of 6.84%. Vermilion Energy’s dividend payout ratio is currently 415.69%.

A number of brokerages have recently issued reports on VET. Raymond James restated a “buy” rating on shares of Vermilion Energy in a research report on Sunday, October 7th. Bank of America initiated coverage on Vermilion Energy in a research note on Tuesday, September 18th. They set a “buy” rating and a $41.00 target price for the company. TheStreet cut Vermilion Energy from a “c-” rating to a “d+” rating in a research note on Wednesday, September 12th. Zacks Investment Research cut Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 13th. Finally, ValuEngine cut Vermilion Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $43.00.

Vermilion Energy Profile

Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

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

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