Greystone Managed Investments Inc. Sells 81,855 Shares of Vermilion Energy Inc. (NYSE:VET)

Greystone Managed Investments Inc. decreased its position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 6.2% during the second quarter, Holdings Channel reports. The firm owned 1,241,953 shares of the oil and gas company’s stock after selling 81,855 shares during the period. Vermilion Energy comprises approximately 1.8% of Greystone Managed Investments Inc.’s portfolio, making the stock its 17th largest position. Greystone Managed Investments Inc.’s holdings in Vermilion Energy were worth $39,341,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in VET. Bank of Nova Scotia increased its position in Vermilion Energy by 10.0% in the first quarter. Bank of Nova Scotia now owns 238,078 shares of the oil and gas company’s stock worth $8,928,000 after buying an additional 21,547 shares during the period. Renaissance Technologies LLC purchased a new position in Vermilion Energy during the fourth quarter worth $348,000. Gulf International Bank UK Ltd increased its position in Vermilion Energy by 8.3% in the first quarter. Gulf International Bank UK Ltd now owns 34,015 shares of the oil and gas company’s stock worth $1,273,000 after buying an additional 2,600 shares during the period. United Services Automobile Association increased its position in Vermilion Energy by 10.8% in the first quarter. United Services Automobile Association now owns 213,500 shares of the oil and gas company’s stock worth $8,008,000 after buying an additional 20,810 shares during the period. Finally, Cidel Asset Management Inc. increased its position in Vermilion Energy by 7.0% in the first quarter. Cidel Asset Management Inc. now owns 1,148,635 shares of the oil and gas company’s stock worth $40,384,000 after buying an additional 74,761 shares during the period. 50.36% of the stock is owned by hedge funds and other institutional investors.

Shares of Vermilion Energy Inc. (NYSE VET) opened at 33.56 on Monday. Vermilion Energy Inc. has a 52 week low of $29.91 and a 52 week high of $44.95. The stock’s 50 day moving average price is $32.06 and its 200-day moving average price is $35.96. The company has a market cap of $4.07 billion, a PE ratio of 68.21 and a beta of 0.51.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.37. Vermilion Energy had a return on equity of 4.52% and a net margin of 7.17%. The firm had revenue of $201.70 million during the quarter. Analysts expect that Vermilion Energy Inc. will post $0.61 EPS for the current year.

The business also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, July 28th will be given a dividend of $0.1686 per share. This is a boost from Vermilion Energy’s previous monthly dividend of $0.16. The ex-dividend date is Wednesday, July 26th. This represents a $2.02 annualized dividend and a dividend yield of 6.03%. Vermilion Energy’s payout ratio is presently 423.40%.

VET has been the subject of a number of recent research reports. Zacks Investment Research downgraded Vermilion Energy from a “buy” rating to a “sell” rating in a research report on Wednesday, July 19th. BidaskClub downgraded Vermilion Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. Finally, Royal Bank Of Canada raised Vermilion Energy from a “sector perform” rating to an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. Vermilion Energy has an average rating of “Buy” and a consensus target price of $54.31.

About Vermilion Energy

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