JPMorgan Chase & Co. Lowers Position in Vermilion Energy Inc. $VET

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JPMorgan Chase & Co. significantly reduced its stake in Vermilion Energy Inc. by 27.3% in the third quarter, now holding 504,136 shares valued at approximately $3.94 million. Despite the reduction, Vermilion Energy reported earnings that beat estimates, though revenue fell short and the company maintained a negative net margin. The company also increased its quarterly dividend, contributing to a ~4.0% yield, while analysts offer a mixed “Hold” rating with a consensus target price of $15.00.

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