Spark Investment Management LLC Invests $2.31 Million in Vermilion Energy Inc. $VET

Spark Investment Management LLC bought a new position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) in the fourth quarter, HoldingsChannel.com reports. The fund bought 277,000 shares of the oil and gas company’s stock, valued at approximately $2,305,000. Vermilion Energy makes up approximately 5.7% of Spark Investment Management LLC’s holdings, making the stock its 6th biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Millennium Management LLC increased its holdings in Vermilion Energy by 4.6% during the 3rd quarter. Millennium Management LLC now owns 8,214,261 shares of the oil and gas company’s stock valued at $64,161,000 after purchasing an additional 359,878 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Vermilion Energy by 22.7% during 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 purchasing an additional 1,388,489 shares in the last quarter. Vanguard Group Inc. increased its holdings in Vermilion Energy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 6,731,403 shares of the oil and gas company’s stock valued at $56,005,000 after purchasing an additional 73,242 shares in the last quarter. UBS Group AG increased its holdings in Vermilion Energy by 118.2% during the 4th quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock valued at $46,645,000 after purchasing an additional 3,029,328 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Vermilion Energy by 19.5% during the 3rd quarter. American Century Companies Inc. now owns 3,863,101 shares of the oil and gas company’s stock valued at $30,173,000 after purchasing an additional 631,655 shares in the last quarter. 31.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Zacks Research cut Vermilion Energy from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, May 19th. Wall Street Zen raised Vermilion Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd. Finally, TD Securities reaffirmed a “hold” rating on shares of Vermilion Energy in a report on Thursday, March 5th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Vermilion Energy has an average rating of “Reduce” and a consensus target price of $15.00.

Vermilion Energy Stock Up 0.1%

NYSE VET opened at $11.36 on Monday. The stock has a fifty day moving average of $12.53 and a 200-day moving average of $10.72. The stock has a market capitalization of $1.74 billion, a P/E ratio of -2.97 and a beta of 0.30. Vermilion Energy Inc. has a 52 week low of $7.00 and a 52 week high of $14.82. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.63.

Vermilion Energy (NYSE:VET) (TSE:VET) last released 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). The firm had revenue of $369.04 million during the quarter, compared to analyst estimates of $368.66 million. Vermilion Energy had a negative net margin of 43.49% and a negative return on equity of 2.40%. On average, equities research analysts forecast that Vermilion Energy Inc. will post 0.54 EPS for the current year.

Vermilion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Monday, June 15th. Vermilion Energy’s dividend payout ratio (DPR) is -10.47%.

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).