Renaissance Group LLC Sells 416,440 Shares of Vermilion Energy Inc. $VET

Renaissance Group LLC reduced its holdings in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 72.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 161,546 shares of the oil and gas company’s stock after selling 416,440 shares during the period. Renaissance Group LLC owned about 0.10% of Vermilion Energy worth $1,176,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of VET. Blue Trust Inc. increased its stake in shares of Vermilion Energy by 24.0% in the 2nd quarter. Blue Trust Inc. now owns 7,778 shares of the oil and gas company’s stock worth $57,000 after purchasing an additional 1,504 shares in the last quarter. Savant Capital LLC purchased a new position in Vermilion Energy during the second quarter valued at approximately $82,000. FORA Capital LLC bought a new position in shares of Vermilion Energy in the first quarter worth approximately $111,000. Everstar Asset Management LLC purchased a new stake in shares of Vermilion Energy in the first quarter worth $122,000. Finally, Northwest & Ethical Investments L.P. increased its stake in Vermilion Energy by 48.1% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 16,671 shares of the oil and gas company’s stock worth $135,000 after buying an additional 5,418 shares in the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VET. TD Securities reaffirmed a “buy” rating on shares of Vermilion Energy in a research note on Tuesday, September 30th. Desjardins lowered shares of Vermilion Energy from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 16th. Wall Street Zen raised shares of Vermilion Energy from a “sell” rating to a “hold” rating in a report on Sunday. BMO Capital Markets restated a “market perform” rating on shares of Vermilion Energy in a research report on Friday, August 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Vermilion Energy in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Vermilion Energy Stock Up 0.6%

NYSE VET opened at $9.23 on Thursday. The stock has a 50 day moving average price of $7.93 and a 200-day moving average price of $7.59. Vermilion Energy Inc. has a one year low of $5.14 and a one year high of $10.85. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.84 and a current ratio of 1.94. The company has a market capitalization of $1.42 billion, a P/E ratio of -10.60 and a beta of 1.13.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings results on Wednesday, November 5th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). Vermilion Energy had a negative net margin of 9.29% and a positive return on equity of 0.17%. The business had revenue of $337.28 million for the quarter, compared to analysts’ expectations of $373.83 million. As a group, equities analysts predict that Vermilion Energy Inc. will post 0.22 EPS for the current fiscal year.

Vermilion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Monday, December 15th. Vermilion Energy’s dividend payout ratio is currently -33.64%.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.