Navellier & Associates Inc. Invests $555,000 in Vermilion Energy Inc. (NYSE:VET)

Navellier & Associates Inc. acquired a new position in shares of Vermilion Energy Inc. (NYSE:VETGet Rating) (TSE:VET) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 29,105 shares of the oil and gas company’s stock, valued at approximately $555,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Covestor Ltd acquired a new position in Vermilion Energy in the 1st quarter valued at about $25,000. EverSource Wealth Advisors LLC acquired a new position in Vermilion Energy in the 2nd quarter valued at about $46,000. PNC Financial Services Group Inc. grew its stake in Vermilion Energy by 8,245.6% in the 1st 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. Venture Visionary Partners LLC acquired a new position in Vermilion Energy in the 2nd quarter valued at about $163,000. Finally, Strategic Wealth Advisors Group LLC acquired a new position in Vermilion Energy in the 1st quarter valued at about $212,000. Institutional investors and hedge funds own 24.97% of the company’s stock.

Wall Street Analysts Forecast Growth

VET has been the topic of a number of research reports. StockNews.com lowered shares of Vermilion Energy from a “buy” rating to a “hold” rating in a research note on Thursday, October 20th. JPMorgan Chase & Co. raised shares of Vermilion Energy from an “underweight” rating to a “neutral” rating in a report on Thursday, September 15th. BMO Capital Markets cut their price objective on shares of Vermilion Energy from C$40.00 to C$36.00 in a report on Thursday, November 10th. National Bank Financial boosted their price objective on shares of Vermilion Energy from C$48.00 to C$50.00 in a report on Friday, September 30th. Finally, Scotiabank downgraded shares of Vermilion Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, September 16th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.33.

Vermilion Energy Price Performance

NYSE:VET traded down $0.34 on Thursday, hitting $19.21. The company had a trading volume of 2,177,568 shares, compared to its average volume of 2,549,014. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 3.24 and a beta of 2.37. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average of $21.78 and a two-hundred day moving average of $22.27. Vermilion Energy Inc. has a 52 week low of $8.71 and a 52 week high of $30.17.

Vermilion Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 16th. Investors of record on Friday, December 30th will be paid a $0.059 dividend. This represents a $0.24 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, December 29th. Vermilion Energy’s payout ratio is 4.05%.

Vermilion Energy Profile

(Get Rating)

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. The company owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land in Canada; 130,715 net acres of land in the Powder River basin in the United States; 96% working interest in 248,873 net acres of developed land and 86% working interest in 134,160 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net developed acres and 920,723 net undeveloped acres in Germany; 975,375 net acres land in Croatia; 946,666 net acres land in Hungary; and 48,954 net acres land in Slovakia.

See Also

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

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