LGT Capital Partners LTD. raised its holdings in shares of Vermilion Energy Inc (NYSE:VET) (TSE:VET) by 28.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 173,110 shares of the oil and gas company’s stock after acquiring an additional 38,340 shares during the period. LGT Capital Partners LTD. owned approximately 0.11% of Vermilion Energy worth $3,646,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of VET. Bank of New York Mellon Corp increased its position in shares of Vermilion Energy by 12.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 152,474 shares of the oil and gas company’s stock valued at $5,490,000 after buying an additional 16,743 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Vermilion Energy in the 2nd quarter valued at $220,000. BlackRock Inc. increased its position in shares of Vermilion Energy by 21.1% in the 2nd quarter. BlackRock Inc. now owns 80,022 shares of the oil and gas company’s stock valued at $2,882,000 after buying an additional 13,955 shares in the last quarter. Legal & General Group Plc increased its position in shares of Vermilion Energy by 35.9% in the 2nd quarter. Legal & General Group Plc now owns 212,055 shares of the oil and gas company’s stock valued at $7,643,000 after buying an additional 56,007 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Vermilion Energy by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 242,037 shares of the oil and gas company’s stock valued at $8,716,000 after buying an additional 5,942 shares in the last quarter. Institutional investors own 53.59% of the company’s stock.
A number of research firms recently commented on VET. Royal Bank of Canada restated an “average” rating and issued a $40.00 price objective on shares of Vermilion Energy in a research report on Tuesday, January 8th. Raymond James upgraded shares of Vermilion Energy to a “buy” rating in a research report on Tuesday, December 11th. Zacks Investment Research cut shares of Vermilion Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, November 7th. Canaccord Genuity restated a “buy” rating on shares of Vermilion Energy in a research report on Tuesday, October 30th. Finally, Wood & Company restated a “buy” rating on shares of Vermilion Energy in a research report on Monday, October 29th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Vermilion Energy currently has an average rating of “Hold” and an average target price of $38.33.
NYSE VET traded up $0.04 on Monday, reaching $24.13. The company had a trading volume of 1,439 shares, compared to its average volume of 424,438. The firm has a market cap of $3.52 billion, a PE ratio of 47.27, a PEG ratio of 0.81 and a beta of 0.90. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.73. Vermilion Energy Inc has a 1-year low of $19.43 and a 1-year high of $40.59.
Vermilion Energy (NYSE:VET) (TSE:VET) last announced its earnings results on Thursday, October 25th. The oil and gas company reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.04). The company had revenue of $389.03 million during the quarter, compared to analyst estimates of $337.54 million. Vermilion Energy had a positive return on equity of 7.53% and a negative net margin of 2.63%. Equities research analysts forecast that Vermilion Energy Inc will post 0.02 EPS for the current year.
The business also recently announced a monthly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be paid a $0.1723 dividend. This represents a $2.07 dividend on an annualized basis and a yield of 8.57%. The ex-dividend date of this dividend is Friday, December 28th. Vermilion Energy’s payout ratio is presently 407.84%.
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Vermilion Energy Profile
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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