Bank of New York Mellon Corp Sells 4,271 Shares of Vermilion Energy Inc. (NYSE:VET)

Bank of New York Mellon Corp trimmed its holdings in Vermilion Energy Inc. (NYSE:VETFree Report) (TSE:VET) by 6.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,432 shares of the oil and gas company’s stock after selling 4,271 shares during the period. Bank of New York Mellon Corp’s holdings in Vermilion Energy were worth $942,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swiss National Bank increased its stake in Vermilion Energy by 0.7% in the second quarter. Swiss National Bank now owns 357,267 shares of the oil and gas company’s stock valued at $4,460,000 after acquiring an additional 2,500 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Vermilion Energy by 33.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,368 shares of the oil and gas company’s stock valued at $179,000 after acquiring an additional 3,599 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Vermilion Energy by 91.4% in the second quarter. Russell Investments Group Ltd. now owns 143,878 shares of the oil and gas company’s stock valued at $1,794,000 after acquiring an additional 68,688 shares during the last quarter. Barclays PLC increased its stake in Vermilion Energy by 7,411.8% in the second quarter. Barclays PLC now owns 29,296 shares of the oil and gas company’s stock valued at $365,000 after acquiring an additional 28,906 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in Vermilion Energy by 21.4% in the second quarter. Oppenheimer & Co. Inc. now owns 307,312 shares of the oil and gas company’s stock valued at $3,826,000 after acquiring an additional 54,085 shares during the last quarter. 28.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Desjardins raised shares of Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. StockNews.com cut shares of Vermilion Energy from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Vermilion Energy currently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

Read Our Latest Research Report on VET

Vermilion Energy Stock Performance

NYSE VET opened at $10.55 on Friday. The firm’s fifty day moving average price is $11.47 and its two-hundred day moving average price is $13.18. The stock has a market cap of $1.71 billion, a PE ratio of 2.46 and a beta of 2.05. Vermilion Energy Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $15.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 0.90.

About Vermilion Energy

(Free Report)

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. The company owns 82% working interest in 796,648 net acres of developed land and 85% working interest in 384,237 net acres of undeveloped land in Canada; 149,043 net acres of land in the Powder River basin in the United States; 96% working interest in 258,125 net acres of developed land and 100% working interest in 106,993 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 1,604,206 net acres of land in the Netherlands; 107,351 net developed acres and 1,549,929 net undeveloped acres in Germany; 975,374 net acres land in Croatia; 614,625 net acres land in Hungary; and 97,907 net acres land in Slovakia.

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

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