Canada Pension Plan Investment Board purchased a new position in shares of Vermilion Energy Inc. (NYSE:VET – Free Report) (TSE:VET) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 117,728 shares of the oil and gas company’s stock, valued at approximately $1,100,000.
Several other hedge funds also recently modified their holdings of VET. EverSource Wealth Advisors LLC raised its position in shares of Vermilion Energy by 251.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 1,714 shares during the last quarter. Tower Research Capital LLC TRC boosted its position 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 last quarter. State of Wyoming boosted 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 worth $74,000 after acquiring an additional 1,747 shares during the last quarter. LPL Financial LLC purchased a new stake in Vermilion Energy in the 4th quarter worth approximately $92,000. Finally, Mercer Global Advisors Inc. ADV raised its holdings in Vermilion Energy by 12.2% in the 4th 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 last quarter. 31.91% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on VET shares. Wall Street Zen upgraded Vermilion Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 1st. Weiss Ratings upgraded Vermilion Energy from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, August 20th. Zacks Research raised Vermilion Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Desjardins upgraded Vermilion Energy to a “hold” rating in a report on Thursday, July 16th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.00.
Vermilion Energy Stock Up 3.0%
Shares of VET opened at $12.84 on Tuesday. The firm has a market cap of $1.96 billion, a PE ratio of -6.08 and a beta of 0.30. The company’s fifty day moving average is $10.73 and its two-hundred day moving average is $11.51. Vermilion Energy Inc. has a fifty-two week low of $7.10 and a fifty-two week high of $14.82. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 0.63.
Vermilion Energy (NYSE:VET – Get Free Report) (TSE:VET) last announced its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.57. The company had revenue of $390.53 million during the quarter, compared to analysts’ expectations of $330.39 million. Vermilion Energy had a negative net margin of 22.48% and a positive return on equity of 5.26%.
Vermilion Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 15th. Vermilion Energy’s payout ratio is -18.48%.
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).
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