Oppenheimer Asset Management Inc. boosted its holdings in Vermilion Energy Inc (NYSE:VET) (TSE:VET) by 20.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,400 shares of the oil and gas company’s stock after purchasing an additional 17,567 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Vermilion Energy were worth $2,579,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of VET. Proficio Capital Partners LLC lifted its stake in Vermilion Energy by 36.7% in the fourth quarter. Proficio Capital Partners LLC now owns 2,077 shares of the oil and gas company’s stock worth $44,000 after purchasing an additional 558 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in Vermilion Energy in the fourth quarter worth $45,000. Advisor Group Inc. raised its stake in shares of Vermilion Energy by 21.5% during the fourth quarter. Advisor Group Inc. now owns 7,047 shares of the oil and gas company’s stock valued at $148,000 after acquiring an additional 1,248 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co bought a new position in shares of Vermilion Energy during the first quarter valued at about $206,000. Finally, Nordea Investment Management AB bought a new position in shares of Vermilion Energy during the third quarter valued at about $228,000. 51.57% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently commented on the stock. Raymond James reaffirmed a “buy” rating on shares of Vermilion Energy in a research note on Friday. TD Securities downgraded shares of Vermilion Energy from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. TheStreet raised shares of Vermilion Energy from a “d+” rating to a “c” rating in a research note on Friday, March 22nd. Zacks Investment Research downgraded shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 23rd. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Vermilion Energy in a research note on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $38.33.
Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings data on Thursday, February 28th. The oil and gas company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.32 by $0.64. The firm had revenue of $345.78 million during the quarter, compared to the consensus estimate of $363.33 million. Vermilion Energy had a net margin of 15.42% and a return on equity of 13.11%. On average, equities analysts anticipate that Vermilion Energy Inc will post 0.89 earnings per share for the current year.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.1727 per share. This represents a $2.07 annualized dividend and a dividend yield of 7.94%. This is an increase from Vermilion Energy’s previous monthly dividend of $0.17. The ex-dividend date is Monday, April 29th. Vermilion Energy’s dividend payout ratio is 271.43%.
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About Vermilion Energy
Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.
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