Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp reduced its position in Vermilion Energy Inc (NYSE:VET) (TSE:VET) by 5.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 440,100 shares of the oil and gas company’s stock after selling 26,200 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned approximately 0.36% of Vermilion Energy worth $18,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in VET. Swiss National Bank boosted its stake in shares of Vermilion Energy by 1.8% in the 4th quarter. Swiss National Bank now owns 443,400 shares of the oil and gas company’s stock worth $16,126,000 after buying an additional 7,700 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Vermilion Energy by 397.3% in the 4th quarter. First Trust Advisors LP now owns 117,542 shares of the oil and gas company’s stock worth $4,269,000 after buying an additional 93,905 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Vermilion Energy by 8.8% in the 4th quarter. Wells Fargo & Company MN now owns 209,737 shares of the oil and gas company’s stock worth $7,618,000 after buying an additional 16,995 shares during the last quarter. American International Group Inc. purchased a new position in shares of Vermilion Energy in the 4th quarter worth $204,000. Finally, K2 Principal Fund L.P. purchased a new position in shares of Vermilion Energy in the 4th quarter worth $1,599,000. Hedge funds and other institutional investors own 44.25% of the company’s stock.
Shares of Vermilion Energy stock opened at $33.81 on Wednesday. Vermilion Energy Inc has a one year low of $29.91 and a one year high of $40.59. The firm has a market capitalization of $5.21 billion, a P/E ratio of 66.29 and a beta of 0.71. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 0.88.
The firm also recently declared a monthly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 29th will be issued a dividend of $0.1772 per share. The ex-dividend date is Thursday, June 28th. This represents a $2.13 dividend on an annualized basis and a yield of 6.29%. Vermilion Energy’s dividend payout ratio is presently 421.57%.
A number of equities analysts have recently issued reports on the company. BMO Capital Markets downgraded Vermilion Energy from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 17th. ValuEngine raised Vermilion Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 17th. Finally, Zacks Investment Research raised Vermilion Energy from a “sell” rating to a “hold” rating in a report on Wednesday, June 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $47.50.
About Vermilion Energy
Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.
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