Cumberland Partners Ltd Acquires New Stake in Vermilion Energy Inc. $VET

Cumberland Partners Ltd acquired a new stake in shares of Vermilion Energy Inc. (NYSE:VETFree Report) (TSE:VET) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 67,313 shares of the oil and gas company’s stock, valued at approximately $561,000.

A number of other large investors have also made changes to their positions in the stock. FourThought Financial Partners LLC acquired a new stake in shares of Vermilion Energy during the fourth quarter valued at $154,000. Intact Investment Management Inc. boosted its stake in shares of Vermilion Energy by 0.8% during the fourth quarter. Intact Investment Management Inc. now owns 1,089,100 shares of the oil and gas company’s stock valued at $9,061,000 after acquiring an additional 8,600 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Vermilion Energy during the fourth quarter valued at $2,656,000. Pekin Hardy Strauss Inc. boosted its stake in shares of Vermilion Energy by 27.0% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 122,375 shares of the oil and gas company’s stock valued at $1,020,000 after acquiring an additional 26,000 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in shares of Vermilion Energy by 5.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 26,209 shares of the oil and gas company’s stock valued at $218,000 after acquiring an additional 1,430 shares during the last quarter. Institutional investors and hedge funds own 31.91% of the company’s stock.

Analysts Set New Price Targets

VET has been the topic of a number of analyst reports. Wall Street Zen raised Vermilion Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings raised Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 22nd. ATB Cormark Capital Markets raised Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Friday, March 27th. Zacks Research lowered Vermilion Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Finally, TD Securities reissued a “hold” rating on shares of Vermilion Energy in a research note on Thursday, March 5th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Vermilion Energy presently has an average rating of “Reduce” and a consensus price target of $15.00.

Check Out Our Latest Analysis on VET

Vermilion Energy Stock Performance

Vermilion Energy stock opened at $12.29 on Friday. The stock’s 50-day moving average is $12.77 and its 200-day moving average is $10.47. The company has a market cap of $1.88 billion, a price-to-earnings ratio of -3.21 and a beta of 0.36. 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 Inc. has a 12 month low of $6.27 and a 12 month high of $14.82.

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

Vermilion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Monday, June 15th. Vermilion Energy’s dividend payout ratio (DPR) is presently -10.47%.

About Vermilion Energy

(Free Report)

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).

See Also

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

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