Canada Pension Plan Investment Board bought a new stake in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 117,728 shares of the oil and gas company's stock, valued at approximately $1,100,000. Canada Pension Plan Investment Board owned 0.08% of Vermilion Energy as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. LM Asset Management Inc. purchased a new stake in Vermilion Energy during the second quarter worth about $34,468,381. UBS Group AG grew its position in Vermilion Energy by 118.2% during the fourth quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company's stock worth $46,645,000 after buying an additional 3,029,328 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Vermilion Energy in the first quarter valued at about $31,144,000. Mackenzie Financial Corp increased its holdings in Vermilion Energy by 130.2% in the fourth quarter. Mackenzie Financial Corp now owns 3,174,261 shares of the oil and gas company's stock valued at $26,483,000 after buying an additional 1,795,636 shares in the last quarter. Finally, Bank of Nova Scotia acquired a new stake in shares of Vermilion Energy during the 2nd quarter valued at approximately $15,852,000. 31.91% of the stock is currently owned by hedge funds and other institutional investors.
Vermilion Energy Stock Up 3.0%
Shares of NYSE VET opened at $12.84 on Tuesday. Vermilion Energy Inc. has a 12-month low of $7.10 and a 12-month high of $14.82. The company has a market capitalization of $1.96 billion, a PE ratio of -6.08 and a beta of 0.30. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.00 and a quick ratio of 0.90. The firm's 50-day moving average is $10.73 and its two-hundred day moving average is $11.51.
Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last issued its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.57. Vermilion Energy had a negative net margin of 22.48% and a positive return on equity of 5.26%. The business had revenue of $390.53 million during the quarter, compared to analysts' expectations of $330.39 million.
Vermilion Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.54 annualized dividend and a yield of 4.2%. Vermilion Energy's dividend payout ratio (DPR) is presently -18.48%.
Analyst Ratings Changes
Several brokerages have recently commented on VET. Zacks Research raised Vermilion Energy from a "strong sell" rating to a "hold" rating in a research note on Monday, June 8th. TD Securities reaffirmed a "buy" rating on shares of Vermilion Energy in a research note on Friday, July 31st. Desjardins raised Vermilion Energy to a "hold" rating in a report on Thursday, July 16th. Weiss Ratings upgraded Vermilion Energy from a "sell (d-)" rating to a "sell (d)" rating in a research report on Thursday, August 20th. Finally, Wall Street Zen raised Vermilion Energy from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 1st. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $15.00.
Read Our Latest Report on VET
About Vermilion Energy
(
Free Report)
Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion's upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.
Vermilion's product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).
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