CIBC Asset Management Inc grew its position in shares of Vermilion Energy Inc (NYSE:VET) (TSE:VET) by 160.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 515,468 shares of the oil and gas company’s stock after buying an additional 317,889 shares during the period. CIBC Asset Management Inc owned approximately 0.34% of Vermilion Energy worth $12,725,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Raymond James & Associates increased its position in Vermilion Energy by 0.8% during the 4th quarter. Raymond James & Associates now owns 257,553 shares of the oil and gas company’s stock worth $5,428,000 after buying an additional 1,944 shares during the period. JPMorgan Chase & Co. increased its position in shares of Vermilion Energy by 236.9% in the third quarter. JPMorgan Chase & Co. now owns 185,678 shares of the oil and gas company’s stock worth $6,116,000 after purchasing an additional 130,560 shares during the period. LGT Capital Partners LTD. increased its position in shares of Vermilion Energy by 28.4% in the fourth quarter. LGT Capital Partners LTD. now owns 173,110 shares of the oil and gas company’s stock worth $3,646,000 after purchasing an additional 38,340 shares during the period. BlackRock Inc. increased its position in shares of Vermilion Energy by 5.2% in the fourth quarter. BlackRock Inc. now owns 80,156 shares of the oil and gas company’s stock worth $1,689,000 after purchasing an additional 3,966 shares during the period. Finally, Intact Investment Management Inc. increased its position in shares of Vermilion Energy by 70.1% in the fourth quarter. Intact Investment Management Inc. now owns 618,900 shares of the oil and gas company’s stock worth $17,738,000 after purchasing an additional 255,000 shares during the period. Hedge funds and other institutional investors own 51.27% of the company’s stock.
A number of brokerages recently commented on VET. BMO Capital Markets restated a “hold” rating on shares of Vermilion Energy in a research report on Thursday, February 28th. TheStreet upgraded Vermilion Energy from a “d+” rating to a “c” rating in a research report on Friday, March 22nd. Raymond James reaffirmed a “buy” rating on shares of Vermilion Energy in a research note on Friday, April 26th. ValuEngine lowered Vermilion Energy from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 8th. Finally, TD Securities lowered Vermilion Energy from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $38.33.
Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings data on Thursday, February 28th. The oil and gas company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.64. The business had revenue of $345.78 million for the quarter, compared to analyst estimates of $363.33 million. Vermilion Energy had a return on equity of 13.10% and a net margin of 15.42%. Equities analysts predict that Vermilion Energy Inc will post 0.99 EPS for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.1727 dividend. The ex-dividend date of this dividend is Monday, April 29th. This is a positive change from Vermilion Energy’s previous monthly dividend of $0.17. This represents a $2.07 annualized dividend and a yield of 8.94%. Vermilion Energy’s dividend payout ratio (DPR) is 268.83%.
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About Vermilion Energy
Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.
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