Korea Investment CORP lowered its position in Vermilion Energy Inc (NYSE:VET) (TSE:VET) by 61.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,897 shares of the oil and gas company’s stock after selling 38,300 shares during the period. Korea Investment CORP’s holdings in Vermilion Energy were worth $787,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Northern Trust Corp boosted its holdings in Vermilion Energy by 10.2% in the second quarter. Northern Trust Corp now owns 158,229 shares of the oil and gas company’s stock worth $5,698,000 after acquiring an additional 14,633 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Vermilion Energy by 12.3% in the second quarter. Bank of New York Mellon Corp now owns 152,474 shares of the oil and gas company’s stock worth $5,490,000 after purchasing an additional 16,743 shares during the last quarter. BlackRock Inc. raised its stake in shares of Vermilion Energy by 21.1% in the second quarter. BlackRock Inc. now owns 80,022 shares of the oil and gas company’s stock worth $2,882,000 after purchasing an additional 13,955 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Vermilion Energy by 17.4% in the second quarter. First Trust Advisors LP now owns 126,924 shares of the oil and gas company’s stock worth $4,571,000 after purchasing an additional 18,818 shares during the last quarter. Finally, Taylor Frigon Capital Management LLC raised its stake in shares of Vermilion Energy by 6.3% in the third quarter. Taylor Frigon Capital Management LLC now owns 30,541 shares of the oil and gas company’s stock worth $1,006,000 after purchasing an additional 1,797 shares during the last quarter. Institutional investors and hedge funds own 53.60% of the company’s stock.
Shares of Vermilion Energy stock opened at $23.49 on Friday. The company has a market capitalization of $3.75 billion, a PE ratio of 46.06 and a beta of 0.82. Vermilion Energy Inc has a 52 week low of $23.07 and a 52 week high of $40.59. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.52 and a quick ratio of 0.47.
The firm also recently declared a monthly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be given a dividend of $0.1736 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 8.87%. The ex-dividend date of this dividend is Thursday, November 29th. Vermilion Energy’s payout ratio is 411.76%.
Several brokerages have recently commented on VET. Raymond James raised Vermilion Energy from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, November 13th. They noted that the move was a valuation call. Zacks Investment Research downgraded Vermilion Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. Canaccord Genuity reissued a “buy” rating on shares of Vermilion Energy in a research note on Tuesday, October 30th. Wood & Company reissued a “buy” rating on shares of Vermilion Energy in a research note on Monday, October 29th. Finally, Bank of America began coverage on Vermilion Energy in a research note on Tuesday, September 18th. They issued a “buy” rating and a $41.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Vermilion Energy presently has a consensus rating of “Buy” and an average target price of $37.50.
Vermilion Energy 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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