BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Cuts Holdings in Vermilion Energy Inc (VET)
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its position in Vermilion Energy Inc (NYSE:VET) (TSE:VET) by 27.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,696 shares of the oil and gas company’s stock after selling 4,704 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Vermilion Energy were worth $324,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. New England Asset Management Inc. bought a new stake in Vermilion Energy during the 2nd quarter worth approximately $165,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in Vermilion Energy by 81.5% during the 2nd quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,346 shares of the oil and gas company’s stock valued at $193,000 after purchasing an additional 2,400 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Vermilion Energy during the 2nd quarter valued at $220,000. Signition LP acquired a new stake in shares of Vermilion Energy during the third quarter worth $276,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Vermilion Energy by 34.7% during the second quarter. BNP Paribas Arbitrage SA now owns 7,858 shares of the oil and gas company’s stock worth $283,000 after buying an additional 2,023 shares in the last quarter. Institutional investors and hedge funds own 53.59% of the company’s stock.
Shares of NYSE VET opened at $20.89 on Tuesday. The firm has a market cap of $3.30 billion, a PE ratio of 40.96 and a beta of 0.83. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.47 and a current ratio of 0.52. Vermilion Energy Inc has a one year low of $20.84 and a one year high of $40.59.
The business also recently declared a monthly dividend, which was paid on Monday, December 17th. Investors of record on Friday, November 30th were given a dividend of $0.1736 per share. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $2.08 annualized dividend and a yield of 9.97%. Vermilion Energy’s payout ratio is 411.76%.
A number of brokerages recently commented on VET. Zacks Investment Research upgraded Vermilion Energy from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Wednesday, October 17th. Raymond James reiterated a “buy” rating on shares of Vermilion Energy in a research report on Sunday, October 7th. Wood & Company restated a “buy” rating on shares of Vermilion Energy in a report on Monday, October 29th. Bank of America started coverage on Vermilion Energy in a research note on Tuesday, September 18th. They issued a “buy” rating and a $41.00 price objective on the stock. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Vermilion Energy in a research note on Tuesday, October 30th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $37.50.
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Vermilion Energy Company Profile
Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.
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