Hilltop National Bank Makes New $218,000 Investment in Vermilion Energy Inc. $VET

Key Points

• Hilltop National Bank made a new investment of approximately $218,000 in Vermilion Energy Inc., acquiring 30,010 shares during the 2nd quarter.
• Vermilion Energy reported a loss of ($0.20) EPS for the last quarter, significantly missing analysts' estimates, with revenues of $392.33 million against expectations of $562.50 million.
• The company declared a quarterly dividend of $0.13 per share, resulting in an annualized yield of 6.2% for shareholders of record by September 29th.

Hilltop National Bank purchased a new position in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 30,010 shares of the oil and gas company's stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VET. Intact Investment Management Inc. increased its stake in Vermilion Energy by 76.9% in the first quarter. Intact Investment Management Inc. now owns 680,000 shares of the oil and gas company's stock valued at $5,506,000 after purchasing an additional 295,500 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Vermilion Energy in the 1st quarter worth approximately $166,000. Drum Hill Capital LLC grew its holdings in Vermilion Energy by 130.6% in the first quarter. Drum Hill Capital LLC now owns 310,128 shares of the oil and gas company's stock valued at $2,512,000 after purchasing an additional 175,631 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Vermilion Energy by 24.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 123,397 shares of the oil and gas company's stock valued at $1,000,000 after acquiring an additional 24,079 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. acquired a new stake in Vermilion Energy during the 1st quarter valued at $160,000. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VET shares. Wall Street Zen lowered shares of Vermilion Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Vermilion Energy in a research note on Friday, August 8th. TD Securities restated a "buy" rating on shares of Vermilion Energy in a research note on Tuesday. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Vermilion Energy in a research report on Saturday, September 27th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Vermilion Energy currently has an average rating of "Hold".

Vermilion Energy Stock Up 5.6%

VET stock opened at $8.36 on Friday. The firm's 50-day simple moving average is $7.71 and its 200 day simple moving average is $7.34. Vermilion Energy Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $10.85. The stock has a market cap of $1.28 billion, a PE ratio of -9.60 and a beta of 1.11. The company has a quick ratio of 1.84, a current ratio of 1.94 and a debt-to-equity ratio of 0.74.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last posted 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 company had revenue of $392.33 million for the quarter, compared to analyst estimates of $562.50 million. Vermilion Energy had a negative net margin of 9.29% and a positive return on equity of 0.17%. As a group, sell-side analysts predict that Vermilion Energy Inc. will post 0.22 EPS for the current year.

Vermilion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Monday, September 29th. Vermilion Energy's dividend payout ratio is -43.68%.

Vermilion Energy Company 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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