CIBC Asset Management Inc Has $3.31 Million Stock Position in Vermilion Energy Inc. (NYSE:VET)

CIBC Asset Management Inc grew its stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 336,737 shares of the oil and gas company’s stock after purchasing an additional 6,683 shares during the quarter. CIBC Asset Management Inc’s holdings in Vermilion Energy were worth $3,306,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Vermilion Energy by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 4,587,739 shares of the oil and gas company’s stock valued at $40,142,000 after purchasing an additional 233,796 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Vermilion Energy by 47.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,558,607 shares of the oil and gas company’s stock valued at $13,638,000 after buying an additional 503,828 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Vermilion Energy by 3.9% in the 3rd quarter. Toronto Dominion Bank now owns 895,169 shares of the oil and gas company’s stock valued at $8,848,000 after buying an additional 33,848 shares in the last quarter. First Trust Advisors LP increased its position in shares of Vermilion Energy by 40.5% in the 2nd quarter. First Trust Advisors LP now owns 392,520 shares of the oil and gas company’s stock valued at $3,435,000 after buying an additional 113,138 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of Vermilion Energy by 25.7% in the 3rd quarter. Mackenzie Financial Corp now owns 256,596 shares of the oil and gas company’s stock valued at $2,532,000 after buying an additional 52,538 shares in the last quarter. 21.89% of the stock is currently owned by institutional investors.

A number of analysts recently commented on VET shares. Royal Bank of Canada upped their price objective on shares of Vermilion Energy from C$17.00 to C$20.00 and gave the company a “sector perform” rating in a research report on Thursday. Stifel Nicolaus upped their price objective on shares of Vermilion Energy from C$15.50 to C$18.50 and gave the company a “hold” rating in a research report on Tuesday, November 30th. CIBC upped their price objective on shares of Vermilion Energy from C$12.50 to C$15.00 and gave the company a “neutral” rating in a research report on Friday, October 15th. BMO Capital Markets upped their price objective on shares of Vermilion Energy from C$15.00 to C$17.00 and gave the company a “market perform” rating in a research report on Wednesday, November 10th. Finally, Raymond James upped their price objective on shares of Vermilion Energy from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Tuesday, November 30th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $18.35.

VET stock opened at $15.84 on Friday. The stock has a 50-day moving average price of $11.54 and a two-hundred day moving average price of $9.36. The stock has a market cap of $2.57 billion, a PE ratio of 4.32 and a beta of 2.88. The company has a current ratio of 0.51, a quick ratio of 0.49 and a debt-to-equity ratio of 1.05. Vermilion Energy Inc. has a 1 year low of $4.34 and a 1 year high of $15.93.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its earnings results on Tuesday, November 9th. The oil and gas company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.28. The firm had revenue of $427.72 million during the quarter, compared to analysts’ expectations of $404.19 million. Vermilion Energy had a return on equity of 0.98% and a net margin of 46.50%.

Vermilion Energy Profile

Vermilion Energy, Inc engages in the acquisition, exploration, development, and production of oil and natural gas. It operates through the following segments: Canada, United States of America, France, Netherlands, Germany, Ireland, Australia, and Corporate. The company was founded by Lorenzo Donadeo and Claudio A.

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

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