Vermilion Energy Inc. $VET Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC lifted its stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 7,879.7% during the first quarter, Holdings Channel reports. The institutional investor owned 1,513,981 shares of the oil and gas company’s stock after acquiring an additional 1,495,008 shares during the quarter. Lazard Asset Management LLC’s holdings in Vermilion Energy were worth $20,867,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings in Vermilion Energy by 178.7% during the second quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 4,136 shares during the period. State of Wyoming raised its position in Vermilion Energy by 24.3% during the fourth quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock valued at $74,000 after acquiring an additional 1,747 shares in the last quarter. LPL Financial LLC acquired a new position in Vermilion Energy in the fourth quarter valued at approximately $92,000. Mercer Global Advisors Inc. ADV lifted its holdings in Vermilion Energy by 12.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock valued at $99,000 after acquiring an additional 1,289 shares during the period. Finally, NewEdge Advisors LLC purchased a new stake in Vermilion Energy in the 2nd quarter worth approximately $105,000. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VET. TD Securities raised shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. Wall Street Zen upgraded shares of Vermilion Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Scotiabank reissued a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, April 21st. Zacks Research raised shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Finally, Weiss Ratings lowered shares of Vermilion Energy from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Vermilion Energy has an average rating of “Hold” and a consensus target price of $15.00.

Vermilion Energy Price Performance

Shares of Vermilion Energy stock opened at $10.37 on Wednesday. The firm has a market cap of $1.59 billion, a PE ratio of -2.71 and a beta of 0.31. Vermilion Energy Inc. has a twelve month low of $7.00 and a twelve month high of $14.82. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $10.48 and a 200 day moving average price of $11.09.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.89). Vermilion Energy had a negative return on equity of 2.40% and a negative net margin of 43.49%.The business had revenue of $369.04 million for the quarter, compared to analysts’ expectations of $368.66 million.

Vermilion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Monday, June 15th. Vermilion Energy’s dividend payout ratio is presently -10.21%.

Vermilion Energy Profile

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).