Fmr LLC Invests $3.99 Million in Vermilion Energy Inc (VET)

Fmr LLC acquired a new stake in shares of Vermilion Energy Inc (NYSE:VET) (TSE:VET) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 110,710 shares of the oil and gas company’s stock, valued at approximately $3,993,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VET. SG Americas Securities LLC bought a new position in shares of Vermilion Energy during the second quarter valued at approximately $220,000. SPC Financial Inc. bought a new position in shares of Vermilion Energy during the second quarter valued at approximately $245,000. BNP Paribas Arbitrage SA boosted its stake in shares of Vermilion Energy by 34.7% during the second quarter. BNP Paribas Arbitrage SA now owns 7,858 shares of the oil and gas company’s stock valued at $283,000 after purchasing an additional 2,023 shares in the last quarter. Addenda Capital Inc. bought a new position in shares of Vermilion Energy during the second quarter valued at approximately $289,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Vermilion Energy during the first quarter valued at approximately $421,000. Hedge funds and other institutional investors own 53.26% of the company’s stock.

VET has been the topic of a number of recent research reports. TheStreet downgraded shares of Vermilion Energy from a “c-” rating to a “d+” rating in a research note on Wednesday, September 12th. Bank of America initiated coverage on shares of Vermilion Energy in a research note on Tuesday, September 18th. They issued a “buy” rating and a $41.00 target price for the company. ValuEngine downgraded shares of Vermilion Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 20th. Zacks Investment Research upgraded shares of Vermilion Energy from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Friday, August 31st. Finally, Raymond James initiated coverage on shares of Vermilion Energy in a research note on Wednesday, September 19th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $43.00.

Shares of VET opened at $31.03 on Friday. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 60.84 and a beta of 0.60. Vermilion Energy Inc has a twelve month low of $30.17 and a twelve month high of $40.59. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.59.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its earnings results on Monday, July 30th. The oil and gas company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The company had revenue of $305.73 million during the quarter, compared to the consensus estimate of $273.05 million. Vermilion Energy had a negative net margin of 5.09% and a positive return on equity of 3.16%. On average, equities analysts predict that Vermilion Energy Inc will post 0.82 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be paid a $0.1769 dividend. The ex-dividend date is Thursday, September 27th. This represents a $2.12 annualized dividend and a yield of 6.84%. Vermilion Energy’s dividend payout ratio (DPR) is 415.69%.

About Vermilion Energy

Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.

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Institutional Ownership by Quarter for Vermilion Energy (NYSE:VET)

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