PDT Partners LLC Invests $1.20 Million in Vermilion Energy Inc. $VET

Key Points

• PDT Partners LLC acquired 127,550 shares of Vermilion Energy in the second quarter, worth approximately $1.20 million and representing about 0.08% of the company.
• Institutional ownership remains significant at 31.91%, with Goldman Sachs, JPMorgan Chase and First Trust among firms that increased their positions.
• Vermilion reported quarterly EPS of $0.62, well above the $0.05 consensus estimate, while analysts maintain a consensus “Hold” rating and a $15.00 price target. The company also declared a quarterly dividend of $0.135 per share, yielding about 4.4% annually.

PDT Partners LLC bought a new stake in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 127,550 shares of the oil and gas company's stock, valued at approximately $1,195,000. PDT Partners LLC owned approximately 0.08% of Vermilion Energy at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in Vermilion Energy by 51.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,630,488 shares of the oil and gas company's stock valued at $13,207,000 after acquiring an additional 553,281 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Vermilion Energy by 197.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 693,788 shares of the oil and gas company's stock valued at $5,051,000 after purchasing an additional 460,247 shares during the period. Hsbc Holdings PLC bought a new stake in shares of Vermilion Energy in the 2nd quarter valued at about $573,000. Invesco Ltd. lifted its stake in Vermilion Energy by 20.0% in the 2nd quarter. Invesco Ltd. now owns 127,675 shares of the oil and gas company's stock valued at $929,000 after purchasing an additional 21,268 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Vermilion Energy by 31.3% in the 2nd quarter. First Trust Advisors LP now owns 637,107 shares of the oil and gas company's stock valued at $4,638,000 after purchasing an additional 151,895 shares during the last quarter. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Zacks Research raised Vermilion Energy from a "strong sell" rating to a "hold" rating in a research report on Monday, June 8th. TD Securities reaffirmed a "buy" rating on shares of Vermilion Energy in a research report 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 note 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 investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Vermilion Energy currently has a consensus rating of "Hold" and a consensus price target of $15.00.

Vermilion Energy Stock Performance

NYSE VET opened at $12.28 on Thursday. The firm has a 50-day moving average price of $10.55 and a two-hundred day moving average price of $11.46. 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 $1.88 billion, a P/E ratio of -5.81 and a beta of 0.30. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 0.63.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last announced its earnings results on Wednesday, July 29th. The oil and gas company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.05 by $0.57. The company had revenue of $390.53 million for the quarter, compared to analysts' expectations of $330.39 million. Vermilion Energy had a negative net margin of 22.48% and a positive return on equity of 5.26%.

Vermilion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Tuesday, September 15th. Vermilion Energy's dividend payout ratio (DPR) is -18.48%.

Vermilion Energy Company 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).

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