CIBC Asset Management Inc Reduces Holdings in Vermilion Energy Inc. (NYSE:VET)

CIBC Asset Management Inc decreased its position in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 1.9% in the 4th quarter, Holdings Channel reports. The fund owned 194,013 shares of the oil and gas company’s stock after selling 3,754 shares during the quarter. CIBC Asset Management Inc’s holdings in Vermilion Energy were worth $1,822,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in Vermilion Energy by 601.9% during the third quarter. Blue Trust Inc. now owns 13,996 shares of the oil and gas company’s stock worth $137,000 after purchasing an additional 12,002 shares during the period. Aigen Investment Management LP lifted its stake in shares of Vermilion Energy by 29.8% during the 3rd quarter. Aigen Investment Management LP now owns 27,148 shares of the oil and gas company’s stock valued at $265,000 after buying an additional 6,229 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Vermilion Energy in the 3rd quarter worth approximately $277,000. Entropy Technologies LP purchased a new position in Vermilion Energy in the 3rd quarter valued at approximately $382,000. Finally, Barclays PLC grew its stake in Vermilion Energy by 1,469.8% in the 3rd quarter. Barclays PLC now owns 44,581 shares of the oil and gas company’s stock valued at $435,000 after buying an additional 41,741 shares in the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Vermilion Energy Stock Down 3.6 %

Shares of NYSE VET opened at $8.92 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The company has a market cap of $1.38 billion, a P/E ratio of -2.38 and a beta of 1.97. Vermilion Energy Inc. has a 52 week low of $8.22 and a 52 week high of $12.79. The business has a 50-day simple moving average of $9.48 and a two-hundred day simple moving average of $9.72.

Wall Street Analysts Forecast Growth

Separately, Atb Cap Markets downgraded Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th.

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.