TD Asset Management Inc. decreased its position in shares of Vermilion Energy Inc (NYSE:VET) (TSE:VET) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,855,975 shares of the oil and gas company’s stock after selling 81,888 shares during the period. TD Asset Management Inc.’s holdings in Vermilion Energy were worth $70,525,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in VET. Norges Bank acquired a new position in Vermilion Energy during the 4th quarter worth $31,876,000. Toronto Dominion Bank lifted its position in Vermilion Energy by 88.8% during the 4th quarter. Toronto Dominion Bank now owns 1,193,901 shares of the oil and gas company’s stock worth $25,179,000 after acquiring an additional 561,518 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Vermilion Energy by 9.2% during the fourth quarter. Great West Life Assurance Co. Can now owns 3,982,333 shares of the oil and gas company’s stock valued at $84,063,000 after buying an additional 334,561 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Vermilion Energy by 160.9% during the first quarter. CIBC Asset Management Inc now owns 515,468 shares of the oil and gas company’s stock valued at $12,725,000 after buying an additional 317,889 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Vermilion Energy by 8.3% during the third quarter. Vanguard Group Inc. now owns 3,934,269 shares of the oil and gas company’s stock valued at $129,595,000 after buying an additional 300,994 shares during the last quarter. 51.65% of the stock is owned by hedge funds and other institutional investors.
VET traded up $0.06 during trading on Tuesday, reaching $22.83. 17,805 shares of the company’s stock were exchanged, compared to its average volume of 378,928. Vermilion Energy Inc has a one year low of $19.43 and a one year high of $37.89. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.71 and a quick ratio of 0.67. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 0.86 and a beta of 1.05.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.1714 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $2.06 annualized dividend and a yield of 9.01%. Vermilion Energy’s payout ratio is 268.83%.
VET has been the topic of a number of analyst reports. ValuEngine cut shares of Vermilion Energy from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 8th. Raymond James restated a “buy” rating on shares of Vermilion Energy in a report on Friday, April 26th. BMO Capital Markets reiterated a “hold” rating on shares of Vermilion Energy in a report on Thursday, February 28th. TD Securities downgraded shares of Vermilion Energy from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Finally, TheStreet raised shares of Vermilion Energy from a “d+” rating to a “c” rating in a research report on Friday, March 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $38.33.
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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.
Further Reading: Dollar Cost Averaging
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