Cullen Capital Management LLC held its position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,400 shares of the oil and gas company’s stock at the close of the second quarter. Cullen Capital Management LLC owned about 0.09% of Vermilion Energy worth $3,281,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of VET. BNP Paribas Arbitrage SA grew its stake in Vermilion Energy by 17.9% in the second quarter. BNP Paribas Arbitrage SA now owns 3,194 shares of the oil and gas company’s stock valued at $101,000 after acquiring an additional 484 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in Vermilion Energy by 145.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,946 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 1,746 shares during the period. Sei Investments Co. grew its stake in Vermilion Energy by 114.2% in the second quarter. Sei Investments Co. now owns 4,657 shares of the oil and gas company’s stock valued at $148,000 after acquiring an additional 2,483 shares during the period. Acadian Asset Management LLC acquired a new position in Vermilion Energy in the second quarter valued at about $204,000. Finally, Sterling Capital Management LLC acquired a new position in Vermilion Energy in the second quarter valued at about $219,000. 53.57% of the stock is owned by hedge funds and other institutional investors.
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Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.37. The company had revenue of $201.70 million for the quarter. Vermilion Energy had a net margin of 7.17% and a return on equity of 4.52%.
The business also recently declared a monthly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a $0.177 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 6.27%. Vermilion Energy’s dividend payout ratio (DPR) is presently 451.06%.
VET has been the subject of a number of research analyst reports. Zacks Investment Research raised Vermilion Energy from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Saturday, July 8th. BidaskClub cut Vermilion Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada raised Vermilion Energy from a “sector perform” rating to an “outperform” rating in a research report on Thursday, July 27th. Finally, Scotiabank reaffirmed a “buy” rating and set a $52.50 price objective on shares of Vermilion Energy in a research report on Tuesday. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $54.10.
Vermilion Energy Profile
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