Taylor Frigon Capital Management LLC increased its position in shares of Vermilion Energy Inc (NYSE:VET) (TSE:VET) by 6.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,541 shares of the oil and gas company’s stock after acquiring an additional 1,797 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Vermilion Energy were worth $1,006,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. New England Asset Management Inc. acquired a new position in shares of Vermilion Energy in the 2nd quarter valued at about $165,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in shares of Vermilion Energy by 81.5% in the 2nd quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,346 shares of the oil and gas company’s stock valued at $193,000 after purchasing an additional 2,400 shares during the period. SG Americas Securities LLC acquired a new position in shares of Vermilion Energy in the 2nd quarter valued at about $220,000. SPC Financial Inc. acquired a new position in shares of Vermilion Energy in the 2nd quarter valued at about $245,000. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Vermilion Energy by 34.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,858 shares of the oil and gas company’s stock valued at $283,000 after purchasing an additional 2,023 shares during the period. Institutional investors and hedge funds own 53.11% of the company’s stock.
VET stock opened at $25.61 on Wednesday. Vermilion Energy Inc has a fifty-two week low of $25.44 and a fifty-two week high of $40.59. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.47 and a current ratio of 0.52. The company has a market cap of $3.96 billion, a P/E ratio of 50.22 and a beta of 0.84.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be issued a dividend of $0.176 per share. This represents a $2.11 dividend on an annualized basis and a yield of 8.25%. The ex-dividend date of this dividend is Tuesday, October 30th. Vermilion Energy’s dividend payout ratio is currently 419.61%.
A number of research analysts have recently issued reports on the company. ValuEngine downgraded Vermilion Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 20th. Zacks Investment Research raised Vermilion Energy from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Friday, August 31st. TheStreet raised Vermilion Energy from a “d+” rating to a “c-” rating in a research note on Thursday, July 12th. Raymond James began coverage on Vermilion Energy in a research note on Wednesday, September 19th. They issued an “outperform” rating on the stock. Finally, Wood & Company reaffirmed a “buy” rating on shares of Vermilion Energy in a research note on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $37.50.
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About Vermilion Energy
Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.
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