Royce & Associates LP Has $7.29 Million Holdings in Vermilion Energy Inc. $VET

Royce & Associates LP cut its stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 8.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 875,980 shares of the oil and gas company’s stock after selling 76,500 shares during the quarter. Royce & Associates LP’s holdings in Vermilion Energy were worth $7,288,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in Vermilion Energy by 178.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 4,136 shares during the period. State of Wyoming acquired a new position in Vermilion Energy in the 3rd quarter worth $56,000. Savant Capital LLC boosted its stake in Vermilion Energy by 14.8% in the 3rd quarter. Savant Capital LLC now owns 12,989 shares of the oil and gas company’s stock worth $102,000 after purchasing an additional 1,671 shares during the period. NewEdge Advisors LLC acquired a new position in Vermilion Energy in the 2nd quarter worth $105,000. Finally, FourThought Financial Partners LLC acquired a new position in Vermilion Energy in the 4th quarter worth $154,000. 31.91% of the stock is owned by institutional investors and hedge funds.

Vermilion Energy Trading Up 0.3%

Shares of NYSE:VET opened at $11.39 on Friday. The company’s 50-day moving average price is $12.75 and its two-hundred day moving average price is $10.61. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.63 and a quick ratio of 0.58. Vermilion Energy Inc. has a one year low of $6.41 and a one year high of $14.82. The stock has a market capitalization of $1.74 billion, a PE ratio of -2.98 and a beta of 0.36.

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

Vermilion Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VET. TD Securities reaffirmed a “hold” rating on shares of Vermilion Energy in a research note on Thursday, March 5th. Zacks Research lowered shares of Vermilion Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, May 19th. ATB Cormark Capital Markets raised shares of Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Friday, March 27th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Vermilion Energy currently has an average rating of “Reduce” and a consensus target price of $15.00.

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).