Vise Technologies Inc. Makes New Investment in Vermilion Energy Inc. $VET

Vise Technologies Inc. bought a new position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,506 shares of the oil and gas company’s stock, valued at approximately $157,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in Vermilion Energy by 59.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,117,100 shares of the oil and gas company’s stock worth $8,159,000 after buying an additional 417,200 shares during the last quarter. Pekin Hardy Strauss Inc. boosted its holdings in shares of Vermilion Energy by 385.4% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 95,875 shares of the oil and gas company’s stock worth $699,000 after acquiring an additional 76,125 shares in the last quarter. Savant Capital LLC bought a new stake in Vermilion Energy during the 2nd quarter worth approximately $82,000. Y Intercept Hong Kong Ltd increased its holdings in Vermilion Energy by 105.9% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 43,243 shares of the oil and gas company’s stock valued at $315,000 after purchasing an additional 22,236 shares in the last quarter. Finally, TD Asset Management Inc raised its position in Vermilion Energy by 4.3% in the 2nd quarter. TD Asset Management Inc now owns 461,032 shares of the oil and gas company’s stock valued at $3,358,000 after purchasing an additional 18,926 shares during the last quarter. 31.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on VET shares. BMO Capital Markets restated a “market perform” rating on shares of Vermilion Energy in a report on Friday, August 8th. Wall Street Zen upgraded shares of Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Sunday. Weiss Ratings reissued a “sell (d-)” rating on shares of Vermilion Energy in a report on Wednesday, October 8th. Desjardins cut shares of Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research report on Thursday, October 16th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research note on Thursday, October 9th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Vermilion Energy Trading Up 4.6%

Shares of VET opened at $9.19 on Wednesday. The stock’s fifty day simple moving average is $7.90 and its 200-day simple moving average is $7.58. The firm has a market capitalization of $1.41 billion, a PE ratio of -10.56 and a beta of 1.13. Vermilion Energy Inc. has a 12-month low of $5.14 and a 12-month high of $10.85. The company has a quick ratio of 1.84, a current ratio of 1.94 and a debt-to-equity ratio of 0.74.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings data on Wednesday, November 5th. The oil and gas company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.06). The firm had revenue of $337.28 million for the quarter, compared to the consensus estimate of $373.83 million. Vermilion Energy had a positive return on equity of 0.17% and a negative net margin of 9.29%. As a group, research analysts predict that Vermilion Energy Inc. will post 0.22 earnings per share for the current year.

Vermilion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.52 dividend on an annualized basis and a yield of 5.7%. Vermilion Energy’s dividend payout ratio (DPR) is presently -33.64%.

Vermilion Energy Company 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.