Vermilion Energy Inc. $VET Stock: Oppenheimer & Co. Inc. Trims Position

Oppenheimer & Co. Inc. lowered its position in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 81.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 116,764 shares of the oil and gas company’s stock after selling 512,365 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.08% of Vermilion Energy worth $1,330,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of VET. Canada Pension Plan Investment Board bought a new position in Vermilion Energy during the 2nd quarter valued at approximately $1,100,000. Engineers Gate Manager LP boosted its holdings in Vermilion Energy by 212.3% in the second quarter. Engineers Gate Manager LP now owns 172,429 shares of the oil and gas company’s stock worth $1,615,000 after acquiring an additional 117,219 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Vermilion Energy in the second quarter worth $2,300,000. Man Group plc purchased a new stake in shares of Vermilion Energy in the second quarter worth $8,039,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Vermilion Energy in the second quarter worth $12,357,000. Institutional investors own 31.91% of the company’s stock.

Vermilion Energy Price Performance

NYSE VET opened at $13.69 on Monday. The business’s fifty day moving average is $12.62 and its 200 day moving average is $11.57. Vermilion Energy Inc. has a fifty-two week low of $7.22 and a fifty-two week high of $14.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 1.00. The company has a market capitalization of $2.08 billion, a PE ratio of -6.48 and a beta of 0.52.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. TD Securities reiterated a “buy” rating on shares of Vermilion Energy in a report on Friday, July 31st. Wall Street Zen raised Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Weiss Ratings lowered Vermilion Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, October 8th. Scotiabank restated a “sector perform” rating on shares of Vermilion Energy in a research note on Monday, October 19th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Vermilion Energy in a report on Friday, October 9th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $15.00.

About Vermilion Energy

Vermilion Energy Inc is a Canadian-based international oil and natural gas producer headquartered in Calgary, Alberta. Founded in 1994, the company explores for, develops, and produces crude oil, condensate, natural gas liquids, and natural gas.

Vermilion operates a geographically diversified portfolio of assets in North America and Europe, with activities in Canada, the United States, France, the Netherlands, Germany, and Croatia. Its production includes conventional and unconventional oil and gas, with operations focused on developing reserves and supplying energy to regional and international markets.

The company’s shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.