Intact Investment Management Inc. Grows Stock Holdings in Vermilion Energy Inc. (NYSE:VET)

Intact Investment Management Inc. raised its stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 76.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 680,000 shares of the oil and gas company’s stock after buying an additional 295,500 shares during the period. Intact Investment Management Inc.’s holdings in Vermilion Energy were worth $5,506,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in VET. Larson Financial Group LLC raised its holdings in shares of Vermilion Energy by 1,123.6% in the 4th quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 4,000 shares in the last quarter. Northern Trust Corp bought a new stake in shares of Vermilion Energy in the 4th quarter valued at about $94,000. Citizens Financial Group Inc. RI bought a new stake in shares of Vermilion Energy in the 4th quarter valued at about $103,000. Amundi raised its holdings in shares of Vermilion Energy by 74.0% in the 4th quarter. Amundi now owns 11,020 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 4,685 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Vermilion Energy in the 4th quarter valued at about $104,000. 31.91% of the stock is owned by hedge funds and other institutional investors.

Vermilion Energy Trading Down 0.3%

NYSE VET opened at $8.16 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.71 and a debt-to-equity ratio of 0.67. The firm has a market cap of $1.26 billion, a PE ratio of -50.97 and a beta of 1.13. The company has a 50 day moving average price of $6.80 and a 200 day moving average price of $8.07. Vermilion Energy Inc. has a 52 week low of $5.14 and a 52 week high of $11.52.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.10). The firm had revenue of $395.26 million for the quarter, compared to the consensus estimate of $569.00 million. Vermilion Energy had a negative return on equity of 1.22% and a negative net margin of 1.71%. As a group, sell-side analysts forecast that Vermilion Energy Inc. will post 0.22 EPS for the current fiscal year.

Vermilion Energy Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, June 30th. This represents a dividend yield of 4.66%. Vermilion Energy’s dividend payout ratio (DPR) is presently -225.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on VET shares. Wall Street Zen lowered shares of Vermilion Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. National Bankshares restated an “outperform” rating on shares of Vermilion Energy in a report on Friday, April 25th. Finally, Desjardins upgraded shares of Vermilion Energy from a “hold” rating to a “buy” rating in a report on Thursday, June 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Vermilion Energy has a consensus rating of “Hold”.

Vermilion Energy Company Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.