Vermilion Energy Inc. (NYSE:VET) Shares Acquired by Intact Investment Management Inc.

Intact Investment Management Inc. lifted its stake in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 36.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,147,900 shares of the oil and gas company’s stock after purchasing an additional 307,200 shares during the quarter. Intact Investment Management Inc. owned about 0.71% of Vermilion Energy worth $13,835,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. lifted its holdings in Vermilion Energy by 10.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,586,946 shares of the oil and gas company’s stock valued at $52,441,000 after purchasing an additional 346,826 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Vermilion Energy by 88.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 194,483 shares of the oil and gas company’s stock valued at $2,858,000 after purchasing an additional 91,526 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Vermilion Energy by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,758,056 shares of the oil and gas company’s stock valued at $84,183,000 after purchasing an additional 81,497 shares in the last quarter. Boston Partners purchased a new position in Vermilion Energy in the 3rd quarter valued at about $6,210,000. Finally, Causeway Capital Management LLC purchased a new position in Vermilion Energy in the 3rd quarter valued at about $2,782,000. 31.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, TD Securities raised shares of Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Vermilion Energy has an average rating of “Moderate Buy” and an average target price of $25.00.

Vermilion Energy Stock Performance

Shares of Vermilion Energy stock traded up $0.06 on Friday, hitting $12.09. 671,654 shares of the company’s stock traded hands, compared to its average volume of 797,012. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.10 and a current ratio of 1.18. The firm’s 50-day moving average is $11.74 and its 200 day moving average is $12.19. Vermilion Energy Inc. has a 52-week low of $9.81 and a 52-week high of $15.98.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings data on Wednesday, March 6th. The oil and gas company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.42. Vermilion Energy had a positive return on equity of 15.75% and a negative net margin of 11.40%. The firm had revenue of $384.17 million for the quarter, compared to analysts’ expectations of $442.92 million. As a group, equities analysts predict that Vermilion Energy Inc. will post 1.85 EPS for the current fiscal year.

Vermilion Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.0888 per share. The ex-dividend date was Wednesday, March 27th. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a yield of 2.94%. Vermilion Energy’s dividend payout ratio (DPR) is -26.13%.

About Vermilion Energy

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.