TD Asset Management Inc. Lowers Holdings in Vermilion Energy Inc. (NYSE:VET)

TD Asset Management Inc. decreased its holdings in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 39.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 671,986 shares of the oil and gas company’s stock after selling 431,400 shares during the quarter. TD Asset Management Inc. owned approximately 0.41% of Vermilion Energy worth $6,641,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of VET. Dimensional Fund Advisors LP grew its holdings in Vermilion Energy by 47.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,558,607 shares of the oil and gas company’s stock valued at $13,638,000 after buying an additional 503,828 shares during the period. Vanguard Group Inc. grew its holdings in Vermilion Energy by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 4,587,739 shares of the oil and gas company’s stock valued at $40,142,000 after buying an additional 233,796 shares during the period. Millennium Management LLC purchased a new stake in Vermilion Energy in the 2nd quarter valued at about $1,826,000. Mackenzie Financial Corp purchased a new stake in Vermilion Energy in the 2nd quarter valued at about $1,786,000. Finally, Deutsche Bank AG lifted its stake in shares of Vermilion Energy by 582.0% in the 2nd quarter. Deutsche Bank AG now owns 235,571 shares of the oil and gas company’s stock valued at $2,061,000 after purchasing an additional 201,029 shares in the last quarter. Institutional investors own 21.89% of the company’s stock.

VET stock opened at $15.84 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.51 and a debt-to-equity ratio of 1.05. Vermilion Energy Inc. has a 52-week low of $4.34 and a 52-week high of $15.93. The stock’s 50 day moving average is $11.54 and its two-hundred day moving average is $9.36. The company has a market capitalization of $2.57 billion, a PE ratio of 4.32 and a beta of 2.88.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings data on Tuesday, November 9th. The oil and gas company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.28. Vermilion Energy had a return on equity of 0.98% and a net margin of 46.50%. The company had revenue of $427.72 million for the quarter, compared to the consensus estimate of $404.19 million.

Several equities analysts have recently weighed in on VET shares. Desjardins lifted their price objective on Vermilion Energy from C$18.00 to C$19.00 and gave the company a “buy” rating in a research note on Wednesday, December 1st. TD Securities lifted their price objective on Vermilion Energy from C$22.00 to C$23.00 in a research note on Wednesday. National Bank Financial raised Vermilion Energy from a “sector perform overweight” rating to an “outperform overweight” rating in a research note on Monday, November 29th. Scotiabank lifted their price objective on Vermilion Energy from C$16.00 to C$20.00 in a research note on Thursday. Finally, Zacks Investment Research raised Vermilion Energy from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Saturday, December 25th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $18.35.

Vermilion Energy Profile

Vermilion Energy, Inc engages in the acquisition, exploration, development, and production of oil and natural gas. It operates through the following segments: Canada, United States of America, France, Netherlands, Germany, Ireland, Australia, and Corporate. The company was founded by Lorenzo Donadeo and Claudio A.

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

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