Intact Investment Management Inc. decreased its position in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 50.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 348,600 shares of the oil and gas company's stock after selling 360,700 shares during the quarter. Intact Investment Management Inc. owned about 0.22% of Vermilion Energy worth $3,403,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in shares of Vermilion Energy by 2,569.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company's stock valued at $41,000 after acquiring an additional 3,674 shares in the last quarter. Net Worth Advisory Group bought a new stake in Vermilion Energy during the 3rd quarter valued at approximately $115,000. Marshall Wace LLP acquired a new stake in Vermilion Energy in the 2nd quarter valued at approximately $122,000. HBK Sorce Advisory LLC bought a new position in Vermilion Energy in the 1st quarter worth approximately $127,000. Finally, Blue Trust Inc. grew its stake in shares of Vermilion Energy by 601.9% in the third quarter. Blue Trust Inc. now owns 13,996 shares of the oil and gas company's stock worth $137,000 after acquiring an additional 12,002 shares during the last quarter. Institutional investors and hedge funds own 31.91% of the company's stock.
Vermilion Energy Stock Performance
Shares of VET stock traded up $0.12 during mid-day trading on Tuesday, reaching $9.71. The stock had a trading volume of 926,280 shares, compared to its average volume of 1,140,315. Vermilion Energy Inc. has a one year low of $8.70 and a one year high of $14.25. The firm has a market cap of $1.51 billion, a PE ratio of -2.61 and a beta of 2.00. The firm's 50 day simple moving average is $9.74 and its 200 day simple moving average is $10.67. The company has a quick ratio of 1.02, a current ratio of 1.09 and a debt-to-equity ratio of 0.36.
Analysts Set New Price Targets
Separately, BMO Capital Markets downgraded shares of Vermilion Energy from an "outperform" rating to a "market perform" rating in a report on Friday, October 4th.
Read Our Latest Stock Analysis on VET
Vermilion Energy Company Profile
(
Free Report)
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.
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