Great West Life Assurance Co. Can Trims Stake in Vermilion Energy Inc (VET)

Great West Life Assurance Co. Can trimmed its holdings in Vermilion Energy Inc (NYSE:VET) (TSE:VET) by 2.4% in the first quarter, Holdings Channel reports. The institutional investor owned 3,888,054 shares of the oil and gas company’s stock after selling 94,279 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Vermilion Energy were worth $95,680,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Vermilion Energy by 8.3% in 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. Principal Financial Group Inc. raised its holdings in shares of Vermilion Energy by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 1,700,713 shares of the oil and gas company’s stock valued at $35,834,000 after buying an additional 34,158 shares during the last quarter. Norges Bank purchased a new position in Vermilion Energy during the fourth quarter worth about $31,876,000. Toronto Dominion Bank raised its holdings in Vermilion Energy by 16.8% during the first quarter. Toronto Dominion Bank now owns 1,394,118 shares of the oil and gas company’s stock worth $34,409,000 after purchasing an additional 200,217 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its holdings in Vermilion Energy by 8.9% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,330,053 shares of the oil and gas company’s stock worth $38,252,000 after purchasing an additional 108,400 shares in the last quarter. 51.65% of the stock is owned by institutional investors and hedge funds.

VET traded down $0.20 on Wednesday, hitting $22.77. 2,200 shares of the company were exchanged, compared to its average volume of 382,242. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.72. Vermilion Energy Inc has a fifty-two week low of $19.43 and a fifty-two week high of $37.89. The firm has a market capitalization of $3.49 billion, a P/E ratio of 29.57, a PEG ratio of 0.86 and a beta of 1.05.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its earnings results on Thursday, February 28th. The oil and gas company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.64. Vermilion Energy had a net margin of 15.42% and a return on equity of 13.10%. The company had revenue of $345.78 million for the quarter, compared to analyst estimates of $363.33 million. Analysts predict that Vermilion Energy Inc will post 1.02 EPS for the current year.

The business also recently announced a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given 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 9.03%. Vermilion Energy’s payout ratio is currently 268.83%.

VET has been the subject of several analyst reports. ValuEngine cut shares of Vermilion Energy from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 8th. Raymond James reissued a “buy” rating on shares of Vermilion Energy in a report on Thursday, February 28th. TD Securities cut shares of Vermilion Energy from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. BMO Capital Markets reissued a “hold” rating on shares of Vermilion Energy in a report on Thursday, February 28th. Finally, Zacks Investment Research cut shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus 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.

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Institutional Ownership by Quarter for Vermilion Energy (NYSE:VET)

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