Oppenheimer & Co. Inc. Invests $2.66 Million in Vermilion Energy Inc. $VET

Key Points

• Oppenheimer & Co. bought a new position of 318,449 shares in Vermilion Energy valued at about $2.66 million, representing roughly 0.21% ownership.
• Wall Street consensus is a Hold rating (1 Buy, 6 Hold, 1 Sell) with an average target price of $15.00.
• Vermilion raised its quarterly dividend to $0.135 (annualized $0.54), implying a yield of about 4.0%.

Oppenheimer & Co. Inc. bought a new position in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 318,449 shares of the oil and gas company's stock, valued at approximately $2,656,000. Oppenheimer & Co. Inc. owned 0.21% of Vermilion Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Pictet Asset Management Holding SA increased its position in shares of Vermilion Energy by 5.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 26,209 shares of the oil and gas company's stock worth $218,000 after acquiring an additional 1,430 shares during the period. Savant Capital LLC increased its position in shares of Vermilion Energy by 14.8% during the third quarter. Savant Capital LLC now owns 12,989 shares of the oil and gas company's stock worth $102,000 after acquiring an additional 1,671 shares during the period. Hilltop National Bank increased its position in shares of Vermilion Energy by 5.7% during the fourth quarter. Hilltop National Bank now owns 31,730 shares of the oil and gas company's stock worth $265,000 after acquiring an additional 1,720 shares during the period. Vident Advisory LLC increased its position in shares of Vermilion Energy by 6.0% during the second quarter. Vident Advisory LLC now owns 47,694 shares of the oil and gas company's stock worth $347,000 after acquiring an additional 2,691 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of Vermilion Energy by 178.7% during the second quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company's stock worth $47,000 after acquiring an additional 4,136 shares during the period. 31.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VET. Zacks Research lowered shares of Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 9th. ATB Cormark Capital Markets raised shares of Vermilion Energy from a "hold" rating to a "buy" rating in a research report on Friday, March 27th. Wall Street Zen lowered shares of Vermilion Energy from a "hold" rating to a "sell" rating in a research report on Sunday, April 12th. TD Securities reaffirmed a "hold" rating on shares of Vermilion Energy in a research report on Thursday, March 5th. Finally, Scotiabank reaffirmed a "sector perform" rating on shares of Vermilion Energy in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $15.00.

Vermilion Energy Stock Performance

Shares of VET stock opened at $13.53 on Tuesday. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of -4.42 and a beta of 0.36. The company's 50 day moving average is $12.37 and its 200 day moving average is $9.99. The company has a quick ratio of 0.76, a current ratio of 0.84 and a debt-to-equity ratio of 0.58. Vermilion Energy Inc. has a 52-week low of $5.89 and a 52-week high of $14.82.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last issued its quarterly earnings data on Wednesday, March 4th. The oil and gas company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.33. The company had revenue of $334.64 million for the quarter, compared to analyst estimates of $384.74 million. Vermilion Energy had a negative net margin of 34.30% and a positive return on equity of 3.80%. On average, sell-side analysts anticipate that Vermilion Energy Inc. will post 0.54 EPS for the current fiscal year.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Vermilion Energy's previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a yield of 4.0%. Vermilion Energy's dividend payout ratio is -13.07%.

Vermilion Energy Profile

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.