Mackenzie Financial Corp Increases Stake in Vermilion Energy Inc. (NYSE:VET)

Mackenzie Financial Corp lifted its stake in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,145,383 shares of the oil and gas company’s stock after buying an additional 2,249 shares during the quarter. Mackenzie Financial Corp owned approximately 0.71% of Vermilion Energy worth $13,811,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in VET. Covestor Ltd purchased a new position in Vermilion Energy in the first quarter worth approximately $25,000. Money Concepts Capital Corp acquired a new stake in shares of Vermilion Energy in the 4th quarter valued at $40,000. Tower Research Capital LLC TRC lifted its position in shares of Vermilion Energy by 99.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,362 shares of the oil and gas company’s stock worth $54,000 after purchasing an additional 2,170 shares during the last quarter. Citigroup Inc. grew its stake in shares of Vermilion Energy by 40.3% during the third quarter. Citigroup Inc. now owns 6,732 shares of the oil and gas company’s stock worth $99,000 after purchasing an additional 1,932 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Vermilion Energy by 8,245.6% in the first quarter. PNC Financial Services Group Inc. now owns 4,757 shares of the oil and gas company’s stock valued at $99,000 after buying an additional 4,700 shares during the last quarter. 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 $11.76 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 0.31. Vermilion Energy Inc. has a 52 week low of $9.81 and a 52 week high of $15.98. The firm’s 50 day moving average is $11.61 and its two-hundred day moving average is $12.24.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its earnings results on Wednesday, March 6th. The oil and gas company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.42. Vermilion Energy had a negative net margin of 11.40% and a positive return on equity of 15.75%. The firm had revenue of $384.17 million for the quarter, compared to the consensus estimate of $442.92 million. On average, analysts predict that Vermilion Energy Inc. will post 1.94 earnings per share for the current fiscal year.

Vermilion Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.0888 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.02%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.07. Vermilion Energy’s payout ratio is -26.13%.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised Vermilion Energy from a “hold” rating to a “buy” rating in a report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Vermilion Energy 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.