Vermilion Energy Inc. Declares Dividend of $0.16 (VET)
Vermilion Energy Inc. (NYSE:VET) declared a dividend on Friday, October 14th. Stockholders of record on Monday, October 24th will be given a dividend of 0.1634 per share on Tuesday, November 15th. The ex-dividend date is Thursday, October 20th.
Vermilion Energy (NYSE:VET) traded down 0.0104% during trading on Friday, hitting $40.3358. 31,666 shares of the stock were exchanged. Vermilion Energy has a 52 week low of $20.31 and a 52 week high of $40.77. The stock has a 50 day moving average of $37.47 and a 200-day moving average of $33.83. The stock’s market cap is $4.70 billion.
Vermilion Energy (NYSE:VET) last released its earnings results on Thursday, August 11th. The company reported ($0.48) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.32) by $0.16. The firm earned $212.86 million during the quarter, compared to the consensus estimate of $151.30 million. Vermilion Energy had a negative net margin of 42.00% and a negative return on equity of 8.50%. Equities analysts expect that Vermilion Energy will post ($0.76) EPS for the current fiscal year.
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Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Vermilion Energy by 11.4% in the second quarter. Vanguard Group Inc. now owns 2,118,811 shares of the company’s stock worth $67,420,000 after buying an additional 217,496 shares in the last quarter. Alliancebernstein L.P. increased its position in Vermilion Energy by 0.7% in the second quarter. Alliancebernstein L.P. now owns 10,518 shares of the company’s stock worth $335,000 after buying an additional 68 shares during the last quarter. Franklin Resources Inc. increased its position in Vermilion Energy by 411.9% in the second quarter. Franklin Resources Inc. now owns 1,279,760 shares of the company’s stock worth $40,747,000 after buying an additional 1,029,775 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in Vermilion Energy during the second quarter worth about $874,000. Finally, Credit Suisse AG increased its position in Vermilion Energy by 0.9% in the second quarter. Credit Suisse AG now owns 275,628 shares of the company’s stock worth $8,770,000 after buying an additional 2,370 shares during the last quarter. Institutional investors own 44.67% of the company’s stock.
VET has been the topic of a number of research analyst reports. RBC Capital Markets reissued a “sector perform” rating and issued a $47.00 target price (up previously from $43.00) on shares of Vermilion Energy in a research note on Thursday, August 11th. Scotiabank reissued an “outperform” rating and issued a $56.50 target price (up previously from $52.50) on shares of Vermilion Energy in a research note on Thursday, August 11th. Barclays PLC reissued an “overweight” rating and issued a $45.00 target price on shares of Vermilion Energy in a research note on Thursday, June 30th. Desjardins restated a “buy” rating and set a $52.00 price target (up from $47.50) on shares of Vermilion Energy in a research report on Thursday, August 11th. Finally, Zacks Investment Research lowered shares of Vermilion Energy from a “buy” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $50.23.
About Vermilion Energy
Vermilion Energy Inc (Vermilion) is a Canada-based international oil and gas producer. The Company is focused on the acquisition, development and optimization of producing properties in North America, Europe and Australia. The Company’s segments are Canada, which relates to its assets in Alberta and Saskatchewan; France, which relates to its operations in France in the Paris and Aquitaine basins; Netherlands, which relates to its operations in the Netherlands; Germany, which relates to its operations in Germany; Ireland, which relates to its non-operated interest in the Corrib offshore natural gas field; Australia, which relates to operations on the Wandoo offshore crude oil field; the United States, which relates to its operations in Wyoming in the Powder River Basin, and Corporate.
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