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CIBC Asset Management Inc Has $2.20 Million Holdings in Vermilion Energy Inc (NYSE:VET)

By August 25, 2019 No Comments

CIBC Asset Management Inc lessened its position in shares of Vermilion Energy Inc (NYSE:VET) (TSE:VET) by 80.4% in the second quarter, HoldingsChannel.com reports. The firm owned 101,167 shares of the oil and gas company’s stock after selling 414,301 shares during the quarter. CIBC Asset Management Inc’s holdings in Vermilion Energy were worth $2,198,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its position in shares of Vermilion Energy by 24.7% during the 1st quarter. Principal Financial Group Inc. now owns 2,120,183 shares of the oil and gas company’s stock worth $52,369,000 after buying an additional 419,470 shares during the period. Highstreet Asset Management Inc. grew its position in shares of Vermilion Energy by 33.0% during the 2nd quarter. Highstreet Asset Management Inc. now owns 1,554,520 shares of the oil and gas company’s stock worth $33,772,000 after buying an additional 386,050 shares during the period. Toronto Dominion Bank grew its position in shares of Vermilion Energy by 16.8% during the 1st quarter. Toronto Dominion Bank now owns 1,394,118 shares of the oil and gas company’s stock worth $34,409,000 after buying an additional 200,217 shares during the period. CIBC World Markets Inc. grew its position in shares of Vermilion Energy by 0.3% during the 1st quarter. CIBC World Markets Inc. now owns 1,186,141 shares of the oil and gas company’s stock worth $29,298,000 after buying an additional 3,636 shares during the period. Finally, Intact Investment Management Inc. grew its position in shares of Vermilion Energy by 14.5% during the 2nd quarter. Intact Investment Management Inc. now owns 1,131,000 shares of the oil and gas company’s stock worth $32,109,000 after buying an additional 143,000 shares during the period. 48.32% of the stock is owned by institutional investors and hedge funds.

NYSE VET opened at $14.09 on Friday. The company has a fifty day simple moving average of $18.12 and a 200 day simple moving average of $22.43. Vermilion Energy Inc has a 12-month low of $14.08 and a 12-month high of $33.92. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 0.76. The company has a market cap of $2.18 billion, a P/E ratio of 18.30 and a beta of 1.11.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.27). Vermilion Energy had a net margin of 18.66% and a return on equity of 11.59%. The business had revenue of $320.01 million during the quarter, compared to analyst estimates of $323.16 million. Sell-side analysts predict that Vermilion Energy Inc will post 0.41 EPS for the current year.

The firm also recently declared a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a $0.174 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $2.09 annualized dividend and a yield of 14.82%. This is an increase from Vermilion Energy’s previous monthly dividend of $0.17. Vermilion Energy’s dividend payout ratio (DPR) is presently 274.03%.

Several analysts have recently commented on the stock. Raymond James reaffirmed a “buy” rating on shares of Vermilion Energy in a research report on Friday, April 26th. Zacks Investment Research downgraded shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 19th. ValuEngine downgraded shares of Vermilion Energy from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 8th. Royal Bank of Canada downgraded shares of Vermilion Energy from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $40.00 to $33.00 in a research report on Thursday, July 18th. Finally, Credit Suisse Group assumed coverage on shares of Vermilion Energy in a research report on Monday, July 15th. They set a “neutral” rating and a $32.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $33.00.

Vermilion Energy Company Profile

Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.

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Want to see what other hedge funds are holding VET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vermilion Energy Inc (NYSE:VET) (TSE:VET).

Institutional Ownership by Quarter for Vermilion Energy (NYSE:VET)

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