Vermilion Energy Inc. $VET Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its holdings in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 81.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 116,764 shares of the oil and gas company’s stock after selling 512,365 shares during the period. Oppenheimer & Co. Inc.’s holdings in Vermilion Energy were worth $1,330,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in Vermilion Energy by 44.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,870,457 shares of the oil and gas company’s stock valued at $67,114,000 after purchasing an additional 1,487,870 shares in the last quarter. Aegis Financial Corp lifted its holdings in Vermilion Energy by 93.9% during the first quarter. Aegis Financial Corp now owns 2,560,428 shares of the oil and gas company’s stock worth $35,175,000 after buying an additional 1,239,936 shares during the period. LM Asset Management Inc. bought a new stake in Vermilion Energy during the second quarter valued at about $34,468,381. Arrowstreet Capital Limited Partnership bought a new stake in shares of Vermilion Energy in the 1st quarter valued at about $31,144,000. Finally, Lazard Asset Management LLC grew its holdings in Vermilion Energy by 7,879.7% in the first quarter. Lazard Asset Management LLC now owns 1,513,981 shares of the oil and gas company’s stock worth $20,867,000 after purchasing an additional 1,495,008 shares during the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Vermilion Energy Price Performance

Shares of NYSE:VET opened at $13.69 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.63. The business has a 50-day moving average price of $12.62 and a 200 day moving average price of $11.57. Vermilion Energy Inc. has a 12-month low of $7.22 and a 12-month high of $14.82. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of -6.48 and a beta of 0.52.

Wall Street Analyst Weigh In

VET has been the topic of several research reports. TD Securities reissued a “buy” rating on shares of Vermilion Energy in a research report on Friday, July 31st. Weiss Ratings lowered shares of Vermilion Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, October 8th. Wall Street Zen upgraded shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Desjardins upgraded shares of Vermilion Energy to a “hold” rating in a research report on Thursday, July 16th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a report on Monday, October 19th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.00.

Vermilion Energy Profile

Vermilion Energy Inc is a Canadian-based international oil and natural gas producer headquartered in Calgary, Alberta. Founded in 1994, the company explores for, develops, and produces crude oil, condensate, natural gas liquids, and natural gas.

Vermilion operates a geographically diversified portfolio of assets in North America and Europe, with activities in Canada, the United States, France, the Netherlands, Germany, and Croatia. Its production includes conventional and unconventional oil and gas, with operations focused on developing reserves and supplying energy to regional and international markets.

The company’s shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.