Grantham Mayo Van Otterloo & Co. LLC Decreases Position in Vermilion Energy Inc. $VET

Grantham Mayo Van Otterloo & Co. LLC trimmed its holdings in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 17.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 279,901 shares of the oil and gas company’s stock after selling 61,000 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 0.18% of Vermilion Energy worth $2,189,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in shares of Vermilion Energy by 18.9% in the third quarter. Blue Trust Inc. now owns 9,249 shares of the oil and gas company’s stock worth $72,000 after buying an additional 1,471 shares during the period. Savant Capital LLC boosted its holdings in Vermilion Energy by 14.8% during the 3rd quarter. Savant Capital LLC now owns 12,989 shares of the oil and gas company’s stock valued at $102,000 after acquiring an additional 1,671 shares during the period. Drum Hill Capital LLC boosted its holdings in Vermilion Energy by 0.6% during the 3rd quarter. Drum Hill Capital LLC now owns 310,043 shares of the oil and gas company’s stock valued at $2,425,000 after acquiring an additional 1,839 shares during the period. Vident Advisory LLC grew its position in Vermilion Energy by 6.0% during the 2nd quarter. Vident Advisory LLC now owns 47,694 shares of the oil and gas company’s stock worth $347,000 after acquiring an additional 2,691 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Vermilion Energy by 178.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 4,136 shares during the last quarter. 31.91% of the stock is owned by institutional investors.

Vermilion Energy Stock Up 0.8%

Shares of NYSE:VET opened at $11.51 on Wednesday. The stock’s 50-day moving average is $9.75 and its 200 day moving average is $8.68. The company has a market cap of $1.76 billion, a PE ratio of -3.76 and a beta of 0.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.84 and a quick ratio of 0.76. Vermilion Energy Inc. has a 1 year low of $5.14 and a 1 year high of $12.00.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings data on Wednesday, March 4th. The oil and gas company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.33. The business had revenue of $334.64 million during the quarter, compared to analysts’ expectations of $384.74 million. Vermilion Energy had a positive return on equity of 3.80% and a negative net margin of 34.30%. Sell-side analysts anticipate that Vermilion Energy Inc. will post 0.22 EPS for the current year.

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.135 dividend. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.13. This represents a $0.54 dividend on an annualized basis and a yield of 4.7%. Vermilion Energy’s payout ratio is -12.75%.

Analysts Set New Price Targets

Several analysts have weighed in on VET shares. Zacks Research upgraded Vermilion Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Royal Bank Of Canada increased their price objective on Vermilion Energy from $14.00 to $15.00 and gave the company a “sector perform” rating in a research note on Thursday, March 5th. Wall Street Zen downgraded shares of Vermilion Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vermilion Energy in a report on Wednesday, January 21st. Finally, TD Securities reissued a “hold” rating on shares of Vermilion Energy in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $15.00.

About Vermilion Energy

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).