Legal & General Group Plc Takes Position in Vermilion Energy Inc. $VET

Legal & General Group Plc purchased a new position in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 193,685 shares of the oil and gas company’s stock, valued at approximately $1,812,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in shares of Vermilion Energy by 251.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 1,714 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Vermilion Energy by 178.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 4,136 shares during the period. State of Wyoming lifted its holdings in Vermilion Energy by 24.3% during the 4th quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock valued at $74,000 after buying an additional 1,747 shares in the last quarter. LPL Financial LLC bought a new stake in Vermilion Energy during the 4th quarter valued at about $92,000. Finally, Mercer Global Advisors Inc. ADV boosted its position in Vermilion Energy by 12.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock valued at $99,000 after buying an additional 1,289 shares during the period. 31.91% of the stock is owned by hedge funds and other institutional investors.

Vermilion Energy Price Performance

Shares of VET opened at $12.85 on Monday. The company has a 50 day moving average price of $11.01 and a 200-day moving average price of $11.60. Vermilion Energy Inc. has a fifty-two week low of $7.10 and a fifty-two week high of $14.82. The stock has a market capitalization of $1.97 billion, a PE ratio of -6.08 and a beta of 0.33. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 1.00.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.57. The company had revenue of $390.53 million for the quarter, compared to analyst estimates 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 declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be issued a $0.135 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.2%. Vermilion Energy’s dividend payout ratio (DPR) is currently -18.48%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VET. TD Securities restated a “buy” rating on shares of Vermilion Energy in a research note on Friday, July 31st. Weiss Ratings raised shares of Vermilion Energy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 20th. Zacks Research upgraded Vermilion Energy from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, May 19th. Finally, Desjardins upgraded Vermilion Energy to a “hold” rating in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $15.00.

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).