Boston Partners Reduces Stock Holdings in Vermilion Energy Inc. (NYSE:VET)

Boston Partners lessened its holdings in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 39.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,846 shares of the oil and gas company’s stock after selling 111,064 shares during the period. Boston Partners’ holdings in Vermilion Energy were worth $2,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VET. Vanguard Group Inc. boosted its position in Vermilion Energy by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 5,925,874 shares of the oil and gas company’s stock worth $73,718,000 after purchasing an additional 71,476 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Vermilion Energy by 10.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,786,251 shares of the oil and gas company’s stock worth $33,602,000 after buying an additional 265,611 shares in the last quarter. Intact Investment Management Inc. boosted its holdings in Vermilion Energy by 36.5% during the fourth quarter. Intact Investment Management Inc. now owns 1,147,900 shares of the oil and gas company’s stock worth $13,835,000 after buying an additional 307,200 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in Vermilion Energy by 243.1% during the first quarter. Oppenheimer & Co. Inc. now owns 686,712 shares of the oil and gas company’s stock valued at $8,543,000 after buying an additional 486,567 shares during the period. Finally, Alberta Investment Management Corp increased its holdings in Vermilion Energy by 9.5% in the fourth quarter. Alberta Investment Management Corp now owns 670,800 shares of the oil and gas company’s stock valued at $8,124,000 after buying an additional 58,000 shares in the last quarter. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Vermilion Energy Price Performance

Shares of VET stock traded down $0.56 during trading hours on Friday, hitting $9.42. 2,472,355 shares of the company’s stock were exchanged, compared to its average volume of 1,245,951. Vermilion Energy Inc. has a fifty-two week low of $9.36 and a fifty-two week high of $15.98. The firm has a market cap of $1.49 billion, a P/E ratio of -3.39 and a beta of 2.03. The company has a quick ratio of 1.11, a current ratio of 1.16 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of $11.15 and a two-hundred day moving average of $11.39.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings data on Wednesday, May 1st. The oil and gas company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.78). Vermilion Energy had a positive return on equity of 5.76% and a negative net margin of 41.33%. The company had revenue of $376.85 million for the quarter. During the same period in the previous year, the company earned $0.77 EPS. Sell-side analysts forecast that Vermilion Energy Inc. will post 1.24 EPS for the current year.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be given a dividend of $0.088 per share. This represents a $0.35 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.09. Vermilion Energy’s dividend payout ratio is -12.59%.

Analyst Ratings Changes

Separately, BMO Capital Markets started coverage on shares of Vermilion Energy in a research note on Tuesday, May 14th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Vermilion Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

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.