Wells Fargo & Company MN boosted its position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 8.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 192,233 shares of the oil and gas company’s stock after acquiring an additional 14,674 shares during the quarter. Wells Fargo & Company MN owned 0.16% of Vermilion Energy worth $6,100,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in VET. Principal Financial Group Inc. increased its stake in Vermilion Energy by 52.8% in the second quarter. Principal Financial Group Inc. now owns 1,155,062 shares of the oil and gas company’s stock valued at $36,649,000 after acquiring an additional 398,999 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Vermilion Energy by 358.5% in the second quarter. Russell Investments Group Ltd. now owns 415,258 shares of the oil and gas company’s stock valued at $13,122,000 after acquiring an additional 324,695 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Vermilion Energy by 121.5% in the second quarter. JPMorgan Chase & Co. now owns 566,716 shares of the oil and gas company’s stock valued at $17,983,000 after acquiring an additional 310,873 shares during the last quarter. Franklin Resources Inc. increased its stake in Vermilion Energy by 15.9% in the second quarter. Franklin Resources Inc. now owns 1,154,251 shares of the oil and gas company’s stock valued at $36,636,000 after acquiring an additional 158,662 shares during the last quarter. Finally, Morgan Stanley increased its stake in Vermilion Energy by 29.8% in the first quarter. Morgan Stanley now owns 651,293 shares of the oil and gas company’s stock valued at $24,431,000 after acquiring an additional 149,338 shares during the last quarter. 53.57% of the stock is currently owned by institutional investors and hedge funds.
Vermilion Energy Inc. (NYSE:VET) opened at 34.36 on Wednesday. The company has a market capitalization of $4.16 billion, a PE ratio of 67.37 and a beta of 0.53. Vermilion Energy Inc. has a 52 week low of $29.91 and a 52 week high of $44.95. The company has a 50-day moving average of $34.62 and a 200-day moving average of $33.78.
Vermilion Energy (NYSE:VET) (TSE:VET) last posted its earnings results on Wednesday, July 26th. The oil and gas company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.37. The business had revenue of $201.70 million for the quarter. Vermilion Energy had a net margin of 7.17% and a return on equity of 4.52%. On average, equities research analysts anticipate that Vermilion Energy Inc. will post $0.68 EPS for the current year.
The business also recently declared a monthly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a $0.177 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 6.18%. The ex-dividend date of this dividend is Thursday, September 28th. Vermilion Energy’s payout ratio is 451.06%.
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A number of research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective on the stock in a research note on Wednesday, September 13th. BidaskClub cut shares of Vermilion Energy from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Scotiabank reissued a “buy” rating and issued a $52.50 price objective on shares of Vermilion Energy in a research note on Tuesday. Finally, Royal Bank Of Canada raised shares of Vermilion Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $54.10.
Vermilion Energy Company Profile
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