Royce & Associates LP Sells 76,500 Shares of Vermilion Energy Inc. $VET

Royce & Associates LP lessened its stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 8.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 875,980 shares of the oil and gas company’s stock after selling 76,500 shares during the period. Royce & Associates LP owned 0.57% of Vermilion Energy worth $7,288,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Millennium Management LLC raised its position in Vermilion Energy by 4.6% in the 3rd quarter. Millennium Management LLC now owns 8,214,261 shares of the oil and gas company’s stock worth $64,161,000 after purchasing an additional 359,878 shares during the last quarter. Ameriprise Financial Inc. raised its position in Vermilion Energy by 22.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock worth $58,745,000 after purchasing an additional 1,388,489 shares during the last quarter. Vanguard Group Inc. grew 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 worth $56,005,000 after acquiring an additional 73,242 shares during the period. UBS Group AG raised its position in shares of 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 acquiring an additional 3,029,328 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of 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 acquiring an additional 631,655 shares during the last quarter. Institutional investors own 31.91% of the company’s stock.

Analyst Ratings Changes

VET has been the subject of several recent research reports. Zacks Research cut shares of Vermilion Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Wall Street Zen upgraded shares of Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, May 19th. Scotiabank reiterated a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, April 21st. Finally, ATB Cormark Capital Markets upgraded shares of Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Friday, March 27th. 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 company. According to MarketBeat.com, Vermilion Energy currently has a consensus rating of “Reduce” and a consensus price target of $15.00.

Vermilion Energy Price Performance

Shares of VET stock opened at $11.39 on Friday. Vermilion Energy Inc. has a 12-month low of $6.41 and a 12-month high of $14.82. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of -2.98 and a beta of 0.36. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.64. The firm has a fifty day moving average of $12.75 and a 200-day moving average of $10.61.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.89). Vermilion Energy had a negative net margin of 43.49% and a negative return on equity of 2.40%. The firm had revenue of $369.04 million during the quarter, compared to analyst estimates of $368.66 million. On average, equities research analysts forecast that Vermilion Energy Inc. will post 0.54 earnings per share for the current year.

Vermilion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.54 annualized dividend and a dividend yield of 4.7%. Vermilion Energy’s payout ratio is -10.47%.

Vermilion Energy 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).