Grantham Mayo Van Otterloo & Co. LLC Sells 61,000 Shares of Vermilion Energy Inc. $VET

Grantham Mayo Van Otterloo & Co. LLC decreased its stake in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 17.9% during the third quarter, HoldingsChannel reports. The firm owned 279,901 shares of the oil and gas company’s stock after selling 61,000 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Vermilion Energy were worth $2,189,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in shares of Vermilion Energy by 178.7% during the second quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 4,136 shares during the period. State of Wyoming purchased a new stake in Vermilion Energy in the third quarter worth about $56,000. Blue Trust Inc. boosted its position in Vermilion Energy by 18.9% during the 3rd quarter. Blue Trust Inc. now owns 9,249 shares of the oil and gas company’s stock valued at $72,000 after acquiring an additional 1,471 shares in the last quarter. Savant Capital LLC bought a new stake in Vermilion Energy during the 2nd quarter valued at approximately $82,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Vermilion Energy during the 2nd quarter worth approximately $105,000. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. TD Securities reissued a “hold” rating on shares of Vermilion Energy in a research report on Thursday, March 5th. BMO Capital Markets restated a “market perform” rating on shares of Vermilion Energy in a research report on Thursday, December 11th. Wall Street Zen cut Vermilion Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Royal Bank Of Canada raised their price objective on Vermilion Energy from $14.00 to $15.00 and gave the company a “sector perform” rating in a research report on Thursday, March 5th. Finally, Zacks Research upgraded shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.00.

Vermilion Energy Price Performance

Shares of NYSE VET opened at $11.51 on Wednesday. The company has a 50 day simple moving average of $9.75 and a two-hundred day simple moving average of $8.68. Vermilion Energy Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $12.00. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of -3.76 and a beta of 0.61. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.76 and a current ratio of 0.84.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings results on Wednesday, March 4th. The oil and gas company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.33. Vermilion Energy had a positive return on equity of 3.80% and a negative net margin of 34.30%.The company had revenue of $334.64 million for the quarter, compared to the consensus estimate of $384.74 million. Analysts expect that Vermilion Energy Inc. will post 0.22 EPS for the current fiscal year.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.135 per share. The ex-dividend date is Friday, March 13th. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a dividend yield of 4.7%. Vermilion Energy’s dividend payout ratio is -12.75%.

About Vermilion Energy

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).