Russell Investments Group Ltd. Lowers Stock Holdings in Vermilion Energy Inc. (NYSE:VET)

Russell Investments Group Ltd. decreased its position in shares of Vermilion Energy Inc. (NYSE:VET – Get Rating) (TSE:VET) by 13.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,117 shares of the oil and gas company’s stock after selling 15,993 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of Vermilion Energy worth $1,772,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in VET. Covestor Ltd bought a new stake in shares of Vermilion Energy in the 1st quarter worth approximately $25,000. Optiver Holding B.V. increased its stake in shares of Vermilion Energy by 68.7% in the 3rd 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. PNC Financial Services Group Inc. increased its stake in shares of Vermilion Energy by 8,245.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,757 shares of the oil and gas company’s stock worth $99,000 after purchasing an additional 4,700 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Vermilion Energy in the 3rd quarter worth $141,000. Finally, Atlas Capital Advisors LLC purchased a new stake in shares of Vermilion Energy in the 2nd quarter worth $127,000. Hedge funds and other institutional investors own 27.94% of the company’s stock.

Wall Street Analyst Weigh In

VET has been the subject of several recent analyst reports. StockNews.com initiated coverage on shares of Vermilion Energy in a report on Thursday, May 18th. They issued a “hold” rating for the company. TD Securities cut shares of Vermilion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, March 29th. Finally, JPMorgan Chase & Co. raised shares of Vermilion Energy from a “neutral” rating to an “overweight” rating in a research report on Tuesday, March 14th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.44.

Vermilion Energy Trading Down 0.3 %

Shares of Vermilion Energy stock opened at $12.01 on Tuesday. The company has a market capitalization of $1.95 billion, a P/E ratio of 1.89 and a beta of 2.22. The company’s fifty day moving average is $12.63 and its two-hundred day moving average is $15.19. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.80 and a current ratio of 0.83. Vermilion Energy Inc. has a 1 year low of $11.34 and a 1 year high of $30.17.

Vermilion Energy (NYSE:VET – Get Rating) (TSE:VET) last announced its earnings results on Wednesday, March 8th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.19). The business had revenue of $620.75 million for the quarter. Vermilion Energy had a return on equity of 25.51% and a net margin of 43.59%. Analysts forecast that Vermilion Energy Inc. will post 1.88 earnings per share for the current year.

Vermilion Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be given a dividend of $0.0734 per share. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.07. This represents a $0.29 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Thursday, June 29th. Vermilion Energy’s payout ratio is presently 4.55%.

Vermilion Energy Profile

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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.