First Republic Investment Management Inc. cut its holdings in shares of Vermilion Energy Inc (NYSE:VET) (TSE:VET) by 25.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,682 shares of the oil and gas company’s stock after selling 9,954 shares during the period. First Republic Investment Management Inc.’s holdings in Vermilion Energy were worth $646,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Icon Wealth Partners LLC acquired a new position in shares of Vermilion Energy in the first quarter worth about $101,000. Advisor Group Inc. raised its position in shares of Vermilion Energy by 86.0% during the 2nd quarter. Advisor Group Inc. now owns 9,489 shares of the oil and gas company’s stock worth $206,000 after purchasing an additional 4,387 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Vermilion Energy during the 1st quarter worth about $243,000. DORCHESTER WEALTH MANAGEMENT Co raised its position in shares of Vermilion Energy by 39.0% during the 2nd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 11,624 shares of the oil and gas company’s stock worth $253,000 after purchasing an additional 3,262 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Vermilion Energy during the 1st quarter worth about $315,000. 45.65% of the stock is currently owned by institutional investors.
Shares of NYSE:VET traded down $0.08 during mid-day trading on Thursday, reaching $15.92. 32,130 shares of the company were exchanged, compared to its average volume of 510,654. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.79. Vermilion Energy Inc has a 1 year low of $13.62 and a 1 year high of $33.92. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 20.69 and a beta of 1.17. The firm’s 50-day simple moving average is $15.66 and its 200 day simple moving average is $21.51.
Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings data on Monday, July 29th. The oil and gas company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.27). Vermilion Energy had a net margin of 18.66% and a return on equity of 11.59%. The firm had revenue of $320.01 million during the quarter, compared to analyst estimates of $323.16 million. On average, research analysts forecast that Vermilion Energy Inc will post 0.41 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.174 per share. This is an increase from Vermilion Energy’s previous monthly dividend of $0.17. This represents a $2.09 annualized dividend and a yield of 13.12%. The ex-dividend date of this dividend is Thursday, August 29th. Vermilion Energy’s dividend payout ratio (DPR) is presently 271.43%.
A number of analysts have commented on the stock. Royal Bank of Canada downgraded shares of Vermilion Energy from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $40.00 to $33.00 in a report on Thursday, July 18th. Credit Suisse Group assumed coverage on shares of Vermilion Energy in a report on Monday, July 15th. They issued a “neutral” rating and a $32.00 price objective for the company. Finally, Zacks Investment Research cut shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $33.00.
Vermilion Energy Company Profile
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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