Perkins Coie Trust Co Sells 6,500 Shares of Vermilion Energy Inc. (NYSE:VET)

Perkins Coie Trust Co trimmed its holdings in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 39.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the oil and gas company’s stock after selling 6,500 shares during the period. Perkins Coie Trust Co’s holdings in Vermilion Energy were worth $98,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Vermilion Energy by 1.2% in the first quarter. Vanguard Group Inc. now owns 5,925,874 shares of the oil and gas company’s stock valued at $73,718,000 after acquiring an additional 71,476 shares in the last quarter. Millennium Management LLC lifted its position in shares of Vermilion Energy by 34.5% in the second quarter. Millennium Management LLC now owns 5,484,654 shares of the oil and gas company’s stock valued at $60,359,000 after acquiring an additional 1,405,653 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Vermilion Energy by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,463,245 shares of the oil and gas company’s stock valued at $38,131,000 after acquiring an additional 134,216 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Vermilion Energy by 6.4% in the second quarter. American Century Companies Inc. now owns 2,190,255 shares of the oil and gas company’s stock valued at $24,111,000 after acquiring an additional 131,780 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Vermilion Energy by 0.6% in the second quarter. National Bank of Canada FI now owns 1,684,875 shares of the oil and gas company’s stock valued at $18,461,000 after acquiring an additional 9,304 shares in the last quarter. 31.91% of the stock is currently owned by hedge funds and other institutional investors.

Vermilion Energy Price Performance

Shares of NYSE:VET traded down $0.14 during mid-day trading on Wednesday, reaching $9.98. The stock had a trading volume of 49,437 shares, compared to its average volume of 1,149,344. The company has a current ratio of 1.09, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. The company has a market cap of $1.56 billion, a P/E ratio of -3.58 and a beta of 1.99. Vermilion Energy Inc. has a 1 year low of $8.70 and a 1 year high of $15.56. The business’s 50 day moving average price is $9.85 and its 200 day moving average price is $11.02.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its earnings results on Wednesday, July 31st. The oil and gas company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.69). The firm had revenue of $350.04 million during the quarter, compared to analysts’ expectations of $376.54 million. Vermilion Energy had a positive return on equity of 5.99% and a negative net margin of 41.33%. Research analysts expect that Vermilion Energy Inc. will post 0.35 EPS for the current fiscal year.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be given a dividend of $0.088 per share. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.09. This represents a $0.35 dividend on an annualized basis and a yield of 3.53%. Vermilion Energy’s dividend payout ratio is -12.95%.

Analyst Ratings Changes

Separately, BMO Capital Markets downgraded Vermilion Energy from an “outperform” rating to a “market perform” rating in a research report on Friday, October 4th.

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.