Cumberland Partners Ltd Invests $561,000 in Vermilion Energy Inc. $VET

Cumberland Partners Ltd purchased a new position in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 67,313 shares of the oil and gas company’s stock, valued at approximately $561,000.

Several other large investors have also modified their holdings of the stock. Millennium Management LLC raised its stake in shares of Vermilion Energy by 4.6% during the third quarter. Millennium Management LLC now owns 8,214,261 shares of the oil and gas company’s stock worth $64,161,000 after purchasing an additional 359,878 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Vermilion Energy by 22.7% during the third quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock worth $58,745,000 after purchasing an additional 1,388,489 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Vermilion Energy by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 6,731,403 shares of the oil and gas company’s stock worth $56,005,000 after purchasing an additional 73,242 shares during the last quarter. UBS Group AG raised its stake in shares of Vermilion Energy by 118.2% during the fourth quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock worth $46,645,000 after purchasing an additional 3,029,328 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Vermilion Energy by 19.5% during the third quarter. American Century Companies Inc. now owns 3,863,101 shares of the oil and gas company’s stock worth $30,173,000 after purchasing an additional 631,655 shares during the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Vermilion Energy Trading Down 0.1%

Shares of VET stock opened at $12.29 on Friday. Vermilion Energy Inc. has a fifty-two week low of $6.27 and a fifty-two week high of $14.82. The stock has a market cap of $1.88 billion, a P/E ratio of -3.21 and a beta of 0.36. The business has a fifty day simple moving average of $12.77 and a 200-day simple moving average of $10.47. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.64.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.89). Vermilion Energy had a negative net margin of 43.49% and a negative return on equity of 2.40%. The firm had revenue of $369.04 million during the quarter, compared to analysts’ expectations of $368.66 million. On average, analysts forecast that Vermilion Energy Inc. will post 0.54 earnings per share for the current fiscal year.

Vermilion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.135 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.4%. Vermilion Energy’s dividend payout ratio (DPR) is currently -10.47%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Scotiabank reiterated a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, April 21st. TD Securities reiterated a “hold” rating on shares of Vermilion Energy in a research report on Thursday, March 5th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday. Weiss Ratings upgraded Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 22nd. Finally, Zacks Research cut Vermilion Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $15.00.

Vermilion Energy Company Profile

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).