Cidel Asset Management Inc. cut its holdings in shares of Vermilion Energy Inc (NYSE:VET) (TSE:VET) by 99.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,600 shares of the oil and gas company’s stock after selling 756,581 shares during the quarter. Cidel Asset Management Inc.’s holdings in Vermilion Energy were worth $274,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of VET. Icon Wealth Partners LLC purchased a new stake in shares of Vermilion Energy in the 1st quarter valued at approximately $101,000. Quadrant Capital Group LLC raised its stake in shares of Vermilion Energy by 82.8% in the 1st quarter. Quadrant Capital Group LLC now owns 4,933 shares of the oil and gas company’s stock valued at $119,000 after acquiring an additional 2,234 shares during the period. Advisor Group Inc. raised its stake in shares of Vermilion Energy by 86.0% in the 2nd quarter. Advisor Group Inc. now owns 9,489 shares of the oil and gas company’s stock valued at $206,000 after acquiring an additional 4,387 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Vermilion Energy in the 1st quarter valued at approximately $243,000. Finally, DORCHESTER WEALTH MANAGEMENT Co raised its stake in shares of Vermilion Energy by 39.0% in the 2nd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 11,624 shares of the oil and gas company’s stock valued at $253,000 after acquiring an additional 3,262 shares during the period. Hedge funds and other institutional investors own 48.32% of the company’s stock.
VET has been the topic of a number of research analyst reports. ValuEngine downgraded shares of Vermilion Energy from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 8th. Credit Suisse Group initiated coverage on shares of Vermilion Energy in a research note on Monday, July 15th. They issued a “neutral” rating and a $32.00 price target on the stock. Zacks Investment Research downgraded shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 19th. Finally, Royal Bank of Canada downgraded shares of Vermilion Energy from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $40.00 to $33.00 in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Vermilion Energy currently has an average rating of “Hold” and a consensus price target of $33.00.Shares of VET opened at $14.74 on Thursday. Vermilion Energy Inc has a fifty-two week low of $13.76 and a fifty-two week high of $33.92. The firm’s 50 day moving average price is $17.38 and its 200 day moving average price is $22.18. The company has a market cap of $2.18 billion, a P/E ratio of 19.14 and a beta of 1.11. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 0.76.
Vermilion Energy (NYSE:VET) (TSE:VET) last announced its earnings results on Monday, July 29th. The oil and gas company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.27). Vermilion Energy had a return on equity of 11.59% and a net margin of 18.66%. The business had revenue of $320.01 million for the quarter, compared to analysts’ expectations of $323.16 million. Research analysts forecast that Vermilion Energy Inc will post 0.41 earnings per share for the current year.
The firm also recently announced a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid 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 14.17%. The ex-dividend date is Thursday, August 29th. Vermilion Energy’s dividend payout ratio is presently 274.03%.
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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