Brookfield Asset Management Inc. Decreases Stake in Vermilion Energy Inc. (VET)
Brookfield Asset Management Inc. cut its position in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 81.3% during the third quarter, Holdings Channel reports. The firm owned 26,740 shares of the company’s stock after selling 116,110 shares during the period. Brookfield Asset Management Inc.’s holdings in Vermilion Energy were worth $1,035,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of VET. Creative Planning raised its stake in shares of Vermilion Energy by 3.9% in the third quarter. Creative Planning now owns 3,791 shares of the company’s stock worth $147,000 after buying an additional 141 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Vermilion Energy by 6.5% in the third quarter. PNC Financial Services Group Inc. now owns 4,844 shares of the company’s stock worth $187,000 after buying an additional 296 shares during the period. Opus Capital Group LLC purchased a new stake in shares of Vermilion Energy during the third quarter worth approximately $234,000. San Francisco Sentry Investment Group CA raised its stake in shares of Vermilion Energy by 22.9% in the third quarter. San Francisco Sentry Investment Group CA now owns 9,055 shares of the company’s stock worth $351,000 after buying an additional 1,685 shares during the period. Finally, Stevens Capital Management LP purchased a new stake in shares of Vermilion Energy during the third quarter worth approximately $357,000. Institutional investors own 52.34% of the company’s stock.
Shares of Vermilion Energy Inc. (NYSE:VET) opened at 39.70 on Friday. The company’s 50-day moving average price is $41.41 and its 200 day moving average price is $39.59. Vermilion Energy Inc. has a 12-month low of $24.63 and a 12-month high of $44.95. The company’s market cap is $4.67 billion.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Thursday, February 23rd will be issued a dividend of $0.165 per share. This is an increase from Vermilion Energy’s previous monthly dividend of $0.16. This represents a $1.98 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date is Tuesday, February 21st. Vermilion Energy’s dividend payout ratio (DPR) is presently -97.46%.
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A number of brokerages have recently commented on VET. National Bank Financial restated an “outperform” rating and issued a $66.00 price target on shares of Vermilion Energy in a report on Tuesday, November 1st. RBC Capital Markets restated a “sector perform” rating and issued a $53.00 price target (up from $52.00) on shares of Vermilion Energy in a report on Tuesday, November 1st. Finally, Canaccord Genuity restated a “buy” rating and issued a $60.00 price target (up from $58.00) on shares of Vermilion Energy in a report on Tuesday, November 1st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $53.35.
About Vermilion Energy
Vermilion Energy Inc (Vermilion) is a Canada-based international oil and gas producer. The Company is focused on the acquisition, development and optimization of producing properties in North America, Europe and Australia. The Company’s segments are Canada, which relates to its assets in Alberta and Saskatchewan; France, which relates to its operations in France in the Paris and Aquitaine basins; Netherlands, which relates to its operations in the Netherlands; Germany, which relates to its operations in Germany; Ireland, which relates to its non-operated interest in the Corrib offshore natural gas field; Australia, which relates to operations on the Wandoo offshore crude oil field; the United States, which relates to its operations in Wyoming in the Powder River Basin, and Corporate.
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