Vermilion Energy Inc. $VET Shares Bought by Drum Hill Capital LLC

Drum Hill Capital LLC raised its stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 41.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 369,711 shares of the oil and gas company’s stock after purchasing an additional 108,128 shares during the period. Vermilion Energy accounts for approximately 4.7% of Drum Hill Capital LLC’s holdings, making the stock its 9th biggest holding. Drum Hill Capital LLC owned 0.24% of Vermilion Energy worth $5,095,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in Vermilion Energy by 51.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,630,488 shares of the oil and gas company’s stock worth $13,207,000 after purchasing an additional 553,281 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Vermilion Energy by 197.1% during the second quarter. JPMorgan Chase & Co. now owns 693,788 shares of the oil and gas company’s stock valued at $5,051,000 after purchasing an additional 460,247 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Vermilion Energy during the second quarter worth $573,000. Invesco Ltd. raised its holdings in shares of Vermilion Energy by 20.0% during the second quarter. Invesco Ltd. now owns 127,675 shares of the oil and gas company’s stock worth $929,000 after purchasing an additional 21,268 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Vermilion Energy by 31.3% in the 2nd quarter. First Trust Advisors LP now owns 637,107 shares of the oil and gas company’s stock worth $4,638,000 after buying an additional 151,895 shares during the last quarter. Institutional investors and hedge funds own 31.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on VET shares. Wall Street Zen raised shares of Vermilion Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Scotiabank reiterated a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, April 21st. TD Securities reissued a “hold” rating on shares of Vermilion Energy in a report on Thursday, March 5th. Zacks Research upgraded Vermilion Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, May 19th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $15.00.

Vermilion Energy Stock Down 0.1%

Shares of VET stock opened at $9.41 on Friday. Vermilion Energy Inc. has a 1 year low of $7.00 and a 1 year high of $14.82. The stock has a market cap of $1.44 billion, a PE ratio of -2.46 and a beta of 0.29. The business’s fifty day moving average is $11.74 and its 200-day moving average is $10.87. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.63.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported ($0.67) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.89). Vermilion Energy had a negative return on equity of 2.40% and a negative net margin of 43.49%.The firm had revenue of $369.04 million during the quarter, compared to the consensus estimate of $368.66 million. Equities analysts expect that Vermilion Energy Inc. will post 0.54 earnings per share for the current fiscal year.

Vermilion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Monday, June 15th. Vermilion Energy’s dividend payout ratio (DPR) is presently -10.21%.

Vermilion Energy Company Profile

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).