Pictet Asset Management Ltd. increased its stake in shares of Vermilion Energy Inc (NYSE:VET) (TSE:VET) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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.
Other institutional investors also recently modified their holdings of the company. Rockefeller Capital Management L.P. acquired a new position in shares of Vermilion Energy during the 2nd quarter worth approximately $27,000. Icon Wealth Partners LLC acquired a new position in Vermilion Energy in the 1st quarter valued at $101,000. Advisor Group Inc. raised its holdings in Vermilion Energy by 86.0% in the 2nd quarter. Advisor Group Inc. now owns 9,489 shares of the oil and gas company’s stock valued at $206,000 after acquiring an additional 4,387 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Vermilion Energy in the 1st quarter valued at $243,000. Finally, DORCHESTER WEALTH MANAGEMENT Co raised its holdings in Vermilion Energy by 39.0% in the 2nd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 11,624 shares of the oil and gas company’s stock valued at $253,000 after acquiring an additional 3,262 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.
Several research analysts have weighed in on VET shares. Zacks Investment Research downgraded Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, July 19th. Credit Suisse Group started coverage on Vermilion Energy in a report on Monday, July 15th. They issued a “neutral” rating and a $32.00 price target for the company. Finally, Royal Bank of Canada downgraded Vermilion Energy from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $40.00 to $33.00 in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $30.33.
Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings data on Monday, July 29th. The oil and gas company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.27). The firm had revenue of $320.01 million for the quarter, compared to analyst estimates of $323.16 million. Vermilion Energy had a return on equity of 11.59% and a net margin of 18.66%. On average, equities research analysts predict that Vermilion Energy Inc will post 0.41 EPS for the current fiscal year.
The company also recently disclosed a — dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.173 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a dividend yield of 11.9%. Vermilion Energy’s payout ratio is 271.43%.
Vermilion Energy Profile
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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