Shell Asset Management Co. Sells 1,700 Shares of Vermilion Energy Inc. (NYSE:VET)

Shell Asset Management Co. trimmed its stake in Vermilion Energy Inc. (NYSE:VET – Get Rating) (TSE:VET) by 11.6% in the 4th quarter, HoldingsChannel reports. The fund owned 12,992 shares of the oil and gas company’s stock after selling 1,700 shares during the quarter. Shell Asset Management Co.’s holdings in Vermilion Energy were worth $230,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Optiver Holding B.V. raised its holdings in Vermilion Energy by 68.7% in the third quarter. Optiver Holding B.V. now owns 1,243 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 506 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Vermilion Energy by 2.7% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 22,800 shares of the oil and gas company’s stock worth $493,000 after buying an additional 600 shares during the last quarter. Covestor Ltd bought a new position in shares of Vermilion Energy during the 1st quarter worth approximately $25,000. Credit Suisse AG lifted its position in Vermilion Energy by 0.7% during the third quarter. Credit Suisse AG now owns 196,414 shares of the oil and gas company’s stock valued at $4,206,000 after acquiring an additional 1,271 shares during the last quarter. Finally, Navellier & Associates Inc. lifted its position in Vermilion Energy by 6.3% during the fourth quarter. Navellier & Associates Inc. now owns 30,452 shares of the oil and gas company’s stock valued at $539,000 after acquiring an additional 1,800 shares during the last quarter. 27.94% of the stock is currently owned by hedge funds and other institutional investors.

Vermilion Energy Price Performance

Shares of NYSE VET opened at $12.47 on Wednesday. Vermilion Energy Inc. has a 52 week low of $11.35 and a 52 week high of $30.17. The business’s 50 day moving average price is $12.96 and its 200 day moving average price is $15.89. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 0.26. The firm has a market cap of $2.02 billion, a P/E ratio of 1.96 and a beta of 2.22.

Vermilion Energy (NYSE:VET – Get Rating) (TSE:VET) last released its quarterly earnings data on Wednesday, March 8th. The oil and gas company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.19). Vermilion Energy had a net margin of 43.59% and a return on equity of 25.51%. The business had revenue of $620.75 million during the quarter. On average, sell-side analysts expect that Vermilion Energy Inc. will post 2.98 earnings per share for the current year.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.0734 per share. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 2.35%. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.07. Vermilion Energy’s dividend payout ratio (DPR) is presently 4.55%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VET. National Bank Financial reduced their price target on Vermilion Energy from C$50.00 to C$29.00 in a research report on Wednesday, January 11th. StockNews.com cut Vermilion Energy from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. JPMorgan Chase & Co. upgraded Vermilion Energy from a “neutral” rating to an “overweight” rating in a research note on Tuesday, March 14th. Scotiabank decreased their price objective on shares of Vermilion Energy from C$32.00 to C$29.00 in a research report on Tuesday, January 17th. Finally, TD Securities cut shares of Vermilion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, March 29th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Vermilion Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.44.

About Vermilion Energy

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Vermilion Energy, Inc engages in the acquisition, exploration, development, and production of oil and natural gas. It operates through the following geographical segments: Canada, United States of America, France, Netherlands, Germany, Ireland, Australia, and Corporate. The company was founded by Lorenzo Donadeo and Claudio A.