Atria Wealth Solutions Inc. Acquires 2,701 Shares of Vermilion Energy Inc. (NYSE:VET)

Atria Wealth Solutions Inc. boosted its holdings in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 24.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,954 shares of the oil and gas company’s stock after purchasing an additional 2,701 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Vermilion Energy were worth $168,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. raised its position in shares of Vermilion Energy by 40.3% in the third quarter. Citigroup Inc. now owns 6,732 shares of the oil and gas company’s stock valued at $99,000 after buying an additional 1,932 shares in the last quarter. Bank of Nova Scotia Trust Co. acquired a new stake in shares of Vermilion Energy during the 3rd quarter worth $147,000. Moody Aldrich Partners LLC bought a new position in shares of Vermilion Energy in the third quarter worth $157,000. PNC Financial Services Group Inc. raised its stake in Vermilion Energy by 21,052.6% in the third quarter. PNC Financial Services Group Inc. now owns 12,057 shares of the oil and gas company’s stock valued at $176,000 after purchasing an additional 12,000 shares in the last quarter. Finally, HBK Sorce Advisory LLC acquired a new stake in Vermilion Energy during the third quarter worth about $177,000. Institutional investors own 31.91% of the company’s stock.

Vermilion Energy Trading Down 2.3 %

Shares of VET opened at $11.91 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.11 and a current ratio of 1.16. Vermilion Energy Inc. has a 52-week low of $9.81 and a 52-week high of $15.98. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of -4.28 and a beta of 2.04. The business’s fifty day moving average is $11.95 and its 200-day moving average is $11.96.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its earnings results on Wednesday, May 1st. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.78). The business had revenue of $376.85 million during the quarter. Vermilion Energy had a negative net margin of 30.71% and a positive return on equity of 11.65%. During the same quarter in the previous year, the company posted $0.77 EPS. Equities analysts anticipate that Vermilion Energy Inc. will post 1.85 EPS for the current fiscal year.

Vermilion Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.0872 per share. This represents a $0.35 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Friday, June 28th. Vermilion Energy’s dividend payout ratio is -12.59%.

Analysts Set New Price Targets

Separately, TD Securities upgraded shares of Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $25.00.

Vermilion Energy Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.