Fmr LLC bought a new position in Vermilion Energy Inc (NYSE:VET) (TSE:VET) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 110,710 shares of the oil and gas company’s stock, valued at approximately $3,993,000. Fmr LLC owned 0.07% of Vermilion Energy as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. Great West Life Assurance Co. Can raised its position in Vermilion Energy by 21.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 3,451,490 shares of the oil and gas company’s stock worth $124,764,000 after purchasing an additional 612,118 shares during the period. Dimensional Fund Advisors LP raised its position in 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 worth $8,716,000 after purchasing an additional 5,942 shares during the period. Legal & General Group Plc raised its position in 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 worth $7,643,000 after purchasing an additional 56,007 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in Vermilion Energy in the 2nd quarter worth about $476,000. Finally, BlackRock Inc. raised its position in Vermilion Energy by 21.1% in the 2nd quarter. BlackRock Inc. now owns 80,022 shares of the oil and gas company’s stock worth $2,882,000 after purchasing an additional 13,955 shares during the period. 53.26% of the stock is owned by institutional investors.
Shares of VET stock opened at $31.03 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.64. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 60.84 and a beta of 0.60. Vermilion Energy Inc has a one year low of $30.17 and a one year high of $40.59.
Vermilion Energy (NYSE:VET) (TSE:VET) last issued its earnings results on Monday, July 30th. The oil and gas company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The business had revenue of $305.73 million for the quarter, compared to the consensus estimate of $273.05 million. Vermilion Energy had a negative net margin of 5.09% and a positive return on equity of 3.16%. On average, equities analysts forecast that Vermilion Energy Inc will post 0.82 EPS for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be paid a $0.1769 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $2.12 dividend on an annualized basis and a yield of 6.84%. Vermilion Energy’s dividend payout ratio is currently 415.69%.
VET has been the topic of a number of recent analyst reports. Bank of America initiated coverage on shares of Vermilion Energy in a research report on Tuesday, September 18th. They issued a “buy” rating and a $41.00 price objective on the stock. Credit Suisse Group raised shares of Vermilion Energy from a “neutral” rating to an “outperform” rating in a research report on Wednesday, July 11th. ValuEngine lowered shares of Vermilion Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. Raymond James reissued a “buy” rating on shares of Vermilion Energy in a research report on Sunday, October 7th. Finally, Zacks Investment Research lowered shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $43.00.
Vermilion Energy Company 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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