Janney Montgomery Scott LLC Reduces Holdings in Vermilion Energy Inc. (NYSE:VET)

Janney Montgomery Scott LLC cut its stake in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 2.8% in the 1st quarter, HoldingsChannel reports. The fund owned 185,701 shares of the oil and gas company’s stock after selling 5,351 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Vermilion Energy were worth $1,504,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC raised its position in shares of Vermilion Energy by 1,123.6% in the 4th quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 4,000 shares in the last quarter. Northern Trust Corp bought a new position in shares of Vermilion Energy in the 4th quarter worth approximately $94,000. Citizens Financial Group Inc. RI bought a new position in shares of Vermilion Energy in the 4th quarter worth approximately $103,000. Amundi raised its position in shares of Vermilion Energy by 74.0% in the 4th quarter. Amundi now owns 11,020 shares of the oil and gas company’s stock worth $104,000 after acquiring an additional 4,685 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Vermilion Energy in the 4th quarter worth approximately $104,000. 31.91% of the stock is currently owned by hedge funds and other institutional investors.

Vermilion Energy Price Performance

Shares of Vermilion Energy stock opened at $7.42 on Friday. Vermilion Energy Inc. has a one year low of $5.14 and a one year high of $11.48. The stock’s fifty day moving average is $6.91 and its 200 day moving average is $8.00. The stock has a market cap of $1.14 billion, a P/E ratio of -46.34 and a beta of 1.13. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.64 and a current ratio of 0.71.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its earnings results on Wednesday, May 7th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.10). Vermilion Energy had a negative return on equity of 1.22% and a negative net margin of 1.71%. The firm had revenue of $395.26 million during the quarter, compared to the consensus estimate of $569.00 million. Sell-side analysts anticipate that Vermilion Energy Inc. will post 0.22 earnings per share for the current year.

Vermilion Energy Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.13 per share. The ex-dividend date is Monday, June 30th. This represents a dividend yield of 4.66%. Vermilion Energy’s dividend payout ratio (DPR) is presently -225.00%.

Analyst Ratings Changes

Several analysts recently weighed in on VET shares. Desjardins upgraded Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Thursday, June 5th. Wall Street Zen downgraded Vermilion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Finally, National Bankshares restated an “outperform” rating on shares of Vermilion Energy in a research note on Friday, April 25th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Vermilion Energy Company Profile

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.