Banque Transatlantique SA Purchases Shares of 586,280 Vermilion Energy Inc. $VET

Key Points

• Banque Transatlantique SA has acquired a total of 586,280 shares of Vermilion Energy Inc., valued at approximately $4.4 million, during the first quarter.
• Several institutional investors, including Royal Bank of Canada and British Columbia Investment Management Corp, have also increased their stakes in Vermilion Energy, indicating growing institutional interest in the company.
• Vermilion Energy recently reported a loss per share of $0.20 for the quarter, missing analyst expectations, and is set to pay a quarterly dividend of $0.13 per share on October 15.

Banque Transatlantique SA acquired a new stake in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 586,280 shares of the oil and gas company's stock, valued at approximately $4,396,000. Banque Transatlantique SA owned approximately 0.38% of Vermilion Energy as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VET. Royal Bank of Canada raised its stake in Vermilion Energy by 49.5% during the 1st quarter. Royal Bank of Canada now owns 1,516,673 shares of the oil and gas company's stock valued at $12,284,000 after purchasing an additional 502,153 shares during the period. State of Wyoming grew its holdings in Vermilion Energy by 14.5% during the 1st quarter. State of Wyoming now owns 18,920 shares of the oil and gas company's stock valued at $153,000 after buying an additional 2,392 shares in the last quarter. FORA Capital LLC bought a new stake in shares of Vermilion Energy during the first quarter valued at approximately $111,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Vermilion Energy by 25.0% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 86,912 shares of the oil and gas company's stock valued at $704,000 after buying an additional 17,366 shares during the last quarter. Finally, Quantbot Technologies LP lifted its holdings in shares of Vermilion Energy by 26.0% in the first quarter. Quantbot Technologies LP now owns 200,276 shares of the oil and gas company's stock worth $1,622,000 after buying an additional 41,362 shares in the last quarter. Hedge funds and other institutional investors own 31.91% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. BMO Capital Markets reaffirmed a "market perform" rating on shares of Vermilion Energy in a research note on Friday, August 8th. Wall Street Zen downgraded shares of Vermilion Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Desjardins upgraded Vermilion Energy from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Vermilion Energy presently has an average rating of "Moderate Buy".

Vermilion Energy Trading Up 2.6%

Shares of VET opened at $7.75 on Wednesday. The stock has a market capitalization of $1.19 billion, a PE ratio of -8.90 and a beta of 1.27. The company's fifty day moving average is $7.69 and its 200 day moving average is $7.40. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.84 and a current ratio of 1.94. Vermilion Energy Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $10.85.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last issued its quarterly earnings data on Thursday, August 7th. The oil and gas company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.14). The business had revenue of $392.33 million during the quarter, compared to analysts' expectations of $562.50 million. Vermilion Energy had a positive return on equity of 0.17% and a negative net margin of 9.29%. Sell-side analysts expect that Vermilion Energy Inc. will post 0.22 earnings per share for the current fiscal year.

Vermilion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Monday, September 29th. Vermilion Energy's payout ratio is presently -43.68%.

Vermilion Energy Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.

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