Vermilion Energy Inc. $VET Stake Trimmed by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 6.2% during the second quarter, HoldingsChannel reports. The firm owned 174,213 shares of the oil and gas company’s stock after selling 11,488 shares during the period. Janney Montgomery Scott LLC’s holdings in Vermilion Energy were worth $1,268,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of VET. Connor Clark & Lunn Investment Management Ltd. increased its stake in Vermilion Energy by 764.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 699,900 shares of the oil and gas company’s stock worth $5,667,000 after purchasing an additional 618,900 shares in the last quarter. Banque Transatlantique SA purchased a new position in Vermilion Energy in the 1st quarter worth about $4,396,000. Goldman Sachs Group Inc. increased its stake in Vermilion Energy by 51.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,630,488 shares of the oil and gas company’s stock worth $13,207,000 after purchasing an additional 553,281 shares in the last quarter. Royal Bank of Canada increased its stake in Vermilion Energy by 49.5% in the 1st quarter. Royal Bank of Canada now owns 1,516,673 shares of the oil and gas company’s stock worth $12,284,000 after purchasing an additional 502,153 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Vermilion Energy by 6.4% in the 1st quarter. Millennium Management LLC now owns 7,760,144 shares of the oil and gas company’s stock worth $62,881,000 after purchasing an additional 466,695 shares in the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Analysts Set New Price Targets

VET has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vermilion Energy in a research note on Wednesday, October 8th. Wall Street Zen cut Vermilion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. TD Securities reaffirmed a “buy” rating on shares of Vermilion Energy in a research note on Tuesday, September 30th. Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research note on Thursday. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Vermilion Energy in a research note on Friday, August 8th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Vermilion Energy Stock Down 6.8%

Shares of Vermilion Energy stock opened at $7.56 on Monday. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -8.69 and a beta of 1.11. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.94 and a quick ratio of 1.84. Vermilion Energy Inc. has a 52-week low of $5.14 and a 52-week high of $10.85. The stock has a 50-day simple moving average of $7.70 and a 200-day simple moving average of $7.33.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings results on Thursday, August 7th. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.14). The firm had revenue of $392.33 million for the quarter, compared to analyst estimates of $562.50 million. Vermilion Energy had a negative net margin of 9.29% and a positive return on equity of 0.17%. On average, equities research analysts expect that Vermilion Energy Inc. will post 0.22 earnings per share for the current fiscal year.

Vermilion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Monday, September 29th. Vermilion Energy’s payout ratio is currently -43.68%.

Vermilion Energy 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.