Envestnet Asset Management Inc. Lowers Holdings in Vermilion Energy Inc (VET)
Envestnet Asset Management Inc. decreased its position in shares of Vermilion Energy Inc (NYSE:VET) (TSE:VET) by 6.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,540 shares of the oil and gas company’s stock after selling 3,545 shares during the period. Envestnet Asset Management Inc.’s holdings in Vermilion Energy were worth $1,939,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Vermilion Energy in the third quarter worth about $1,273,000. Dimensional Fund Advisors LP increased its holdings in shares of Vermilion Energy by 16.4% in the third quarter. Dimensional Fund Advisors LP now owns 156,847 shares of the oil and gas company’s stock worth $5,581,000 after buying an additional 22,144 shares during the period. Legal & General Group Plc increased its holdings in shares of Vermilion Energy by 5.6% in the third quarter. Legal & General Group Plc now owns 157,883 shares of the oil and gas company’s stock worth $5,599,000 after buying an additional 8,355 shares during the period. AGF Investments Inc. increased its holdings in shares of Vermilion Energy by 199.6% in the third quarter. AGF Investments Inc. now owns 800,596 shares of the oil and gas company’s stock worth $28,456,000 after buying an additional 533,403 shares during the period. Finally, ETRADE Capital Management LLC increased its holdings in shares of Vermilion Energy by 30.8% in the third quarter. ETRADE Capital Management LLC now owns 12,538 shares of the oil and gas company’s stock worth $446,000 after buying an additional 2,953 shares during the period. Institutional investors and hedge funds own 54.22% of the company’s stock.
Vermilion Energy Inc (NYSE VET) traded down $0.10 during midday trading on Friday, hitting $33.07. The company had a trading volume of 376,296 shares, compared to its average volume of 165,694. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $4,040.11, a PE ratio of 82.93 and a beta of 0.56. Vermilion Energy Inc has a 12 month low of $29.91 and a 12 month high of $43.88.
The firm also recently announced a monthly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were paid a $0.168 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $2.02 annualized dividend and a dividend yield of 6.10%. Vermilion Energy’s payout ratio is presently 673.33%.
Several research firms have recently commented on VET. BidaskClub upgraded Vermilion Energy from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Zacks Investment Research downgraded Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. Scotiabank reiterated a “buy” rating and issued a $52.50 price objective on shares of Vermilion Energy in a report on Tuesday, October 10th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $52.00 target price on shares of Vermilion Energy in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $47.83.
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Vermilion Energy Company Profile
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