Pictet Asset Management Ltd. grew its holdings in shares of Vermilion Energy Inc (NYSE:VET) (TSE:VET) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 53,287 shares of the oil and gas company’s stock after purchasing an additional 700 shares during the period. Pictet Asset Management Ltd.’s holdings in Vermilion Energy were worth $1,160,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of Vermilion Energy by 24.7% during the first quarter. Principal Financial Group Inc. now owns 2,120,183 shares of the oil and gas company’s stock worth $52,369,000 after buying an additional 419,470 shares during the last quarter. Highstreet Asset Management Inc. grew its holdings in Vermilion Energy by 33.0% during the second quarter. Highstreet Asset Management Inc. now owns 1,554,520 shares of the oil and gas company’s stock valued at $33,772,000 after purchasing an additional 386,050 shares during the period. Intact Investment Management Inc. grew its holdings in Vermilion Energy by 59.6% during the first quarter. Intact Investment Management Inc. now owns 988,000 shares of the oil and gas company’s stock valued at $32,555,000 after purchasing an additional 369,100 shares during the period. Unigestion Holding SA acquired a new position in shares of Vermilion Energy in the second quarter valued at approximately $7,291,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Vermilion Energy by 64.6% in the second quarter. JPMorgan Chase & Co. now owns 438,237 shares of the oil and gas company’s stock valued at $9,465,000 after buying an additional 172,033 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.
Several research firms have recently weighed in on VET. Royal Bank of Canada cut shares of Vermilion Energy from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $40.00 to $33.00 in a report on Thursday, July 18th. Credit Suisse Group began coverage on shares of Vermilion Energy in a report on Monday, July 15th. They issued a “neutral” rating and a $32.00 price target for the company. Finally, Zacks Investment Research cut shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.33.
Shares of Vermilion Energy stock traded up $0.25 on Thursday, hitting $17.36. The company had a trading volume of 17,258 shares, compared to its average volume of 1,066,440. Vermilion Energy Inc has a twelve month low of $13.62 and a twelve month high of $33.92. The stock has a 50-day moving average of $15.47 and a 200-day moving average of $21.26. The firm has a market capitalization of $2.84 billion, a P/E ratio of 22.57 and a beta of 1.17. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.79.
Vermilion Energy (NYSE:VET) (TSE:VET) last announced its earnings results on Monday, July 29th. The oil and gas company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.27). Vermilion Energy had a return on equity of 11.59% and a net margin of 18.66%. The business had revenue of $320.01 million for the quarter, compared to analyst estimates of $323.16 million. Equities analysts predict that Vermilion Energy Inc will post 0.41 EPS for the current year.
The firm also recently announced a — dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.173 per share. This represents a yield of 11.9%. The ex-dividend date is Friday, September 27th. Vermilion Energy’s payout ratio is 271.43%.
About Vermilion Energy
Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.
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