Vermilion Energy Inc. $VET Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 1.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,731,403 shares of the oil and gas company’s stock after buying an additional 73,242 shares during the quarter. Vanguard Group Inc.’s holdings in Vermilion Energy were worth $56,005,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Goldman Sachs Group Inc. raised its holdings in Vermilion Energy by 51.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,630,488 shares of the oil and gas company’s stock worth $13,207,000 after purchasing an additional 553,281 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Vermilion Energy by 197.1% during the second quarter. JPMorgan Chase & Co. now owns 693,788 shares of the oil and gas company’s stock worth $5,051,000 after purchasing an additional 460,247 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Vermilion Energy during the second quarter worth about $573,000. Invesco Ltd. raised its holdings in Vermilion Energy by 20.0% during the second quarter. Invesco Ltd. now owns 127,675 shares of the oil and gas company’s stock worth $929,000 after purchasing an additional 21,268 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Vermilion Energy by 31.3% during the second quarter. First Trust Advisors LP now owns 637,107 shares of the oil and gas company’s stock worth $4,638,000 after purchasing an additional 151,895 shares in the last quarter. Institutional investors and hedge funds own 31.91% of the company’s stock.

Vermilion Energy Trading Up 1.8%

NYSE VET opened at $12.81 on Friday. Vermilion Energy Inc. has a 52-week low of $6.22 and a 52-week 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 stock has a market capitalization of $1.96 billion, a P/E ratio of -3.35 and a beta of 0.36. The firm has a 50-day moving average price of $12.65 and a 200 day moving average price of $10.29.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its 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 net margin of 43.49% and a negative return on equity of 2.40%. The company had revenue of $369.04 million during the quarter, compared to analysts’ expectations of $368.66 million. Equities research analysts expect that Vermilion Energy Inc. will post 0.54 EPS for the current year.

Vermilion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.54 dividend on an annualized basis and a yield of 4.2%. Vermilion Energy’s dividend payout ratio (DPR) is -10.47%.

Analysts Set New Price Targets

Several research firms recently issued reports on VET. Scotiabank reissued a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, April 21st. Wall Street Zen raised shares of Vermilion Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada increased their price target on shares of Vermilion Energy from $14.00 to $15.00 and gave the stock a “sector perform” rating in a report on Thursday, March 5th. Finally, TD Securities reissued a “hold” rating on shares of Vermilion Energy in a report on Thursday, March 5th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $15.00.

Vermilion Energy Company 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).