Vermilion Energy Inc. $VET Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia lowered its position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 24.7% in the first quarter, Holdings Channel.com reports. The firm owned 1,706,052 shares of the oil and gas company’s stock after selling 560,353 shares during the quarter. Bank of Nova Scotia’s holdings in Vermilion Energy were worth $23,504,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. UBS Group AG grew its holdings in shares of Vermilion Energy by 118.2% in the 4th quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock worth $46,645,000 after acquiring an additional 3,029,328 shares during the period. Mackenzie Financial Corp boosted its position in Vermilion Energy by 130.2% during the fourth quarter. Mackenzie Financial Corp now owns 3,174,261 shares of the oil and gas company’s stock worth $26,483,000 after acquiring an additional 1,795,636 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Vermilion Energy by 44.0% during the first quarter. Dimensional Fund Advisors LP now owns 4,870,457 shares of the oil and gas company’s stock worth $67,114,000 after purchasing an additional 1,487,870 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Vermilion Energy by 22.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock valued at $58,745,000 after buying an additional 1,388,489 shares during the period. Finally, Aegis Financial Corp increased its position in Vermilion Energy by 93.9% during the first quarter. Aegis Financial Corp now owns 2,560,428 shares of the oil and gas company’s stock worth $35,175,000 after purchasing an additional 1,239,936 shares during the last quarter. 31.91% of the stock is owned by institutional investors and hedge funds.

Vermilion Energy Stock Up 0.2%

VET stock opened at $11.26 on Friday. Vermilion Energy Inc. has a 12 month low of $7.00 and a 12 month high of $14.82. The firm has a 50 day simple moving average of $10.58 and a 200 day simple moving average of $11.04. The firm has a market cap of $1.72 billion, a PE ratio of -2.95 and a beta of 0.31. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.63 and a quick ratio of 0.58.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) EPS for the quarter, missing the consensus estimate of $0.22 by ($0.89). Vermilion Energy had a negative return on equity of 2.40% and a negative net margin of 43.49%.The firm had revenue of $369.04 million during the quarter, compared to analyst estimates of $368.66 million.

Vermilion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.135 per share. The ex-dividend date was Monday, June 15th. This represents a $0.54 dividend on an annualized basis and a yield of 4.8%. Vermilion Energy’s dividend payout ratio (DPR) is presently -10.21%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wall Street Zen upgraded Vermilion Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Scotiabank restated a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, April 21st. Desjardins upgraded shares of Vermilion Energy to a “hold” rating in a research note on Thursday, July 16th. Weiss Ratings cut Vermilion Energy from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 14th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $15.00.

About Vermilion Energy

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).