Vermilion Energy Inc. (NYSE:VET) Shares Purchased by Bank of Nova Scotia Trust Co.

Bank of Nova Scotia Trust Co. raised its holdings in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 15.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,650 shares of the oil and gas company’s stock after purchasing an additional 1,593 shares during the quarter. Bank of Nova Scotia Trust Co.’s holdings in Vermilion Energy were worth $145,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co grew its stake in Vermilion Energy by 17.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 18,387 shares of the oil and gas company’s stock valued at $229,000 after purchasing an additional 2,716 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Vermilion Energy by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 5,925,874 shares of the oil and gas company’s stock worth $73,718,000 after buying an additional 71,476 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Vermilion Energy by 56.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 72,728 shares of the oil and gas company’s stock worth $909,000 after buying an additional 26,200 shares during the last quarter. HBK Sorce Advisory LLC bought a new position in Vermilion Energy during the 1st quarter worth approximately $127,000. Finally, Foundry Partners LLC lifted its holdings in Vermilion Energy by 8.9% during the 1st quarter. Foundry Partners LLC now owns 421,337 shares of the oil and gas company’s stock worth $5,241,000 after buying an additional 34,325 shares during the last quarter. Institutional investors and hedge funds own 31.91% of the company’s stock.

Analysts Set New Price Targets

Separately, BMO Capital Markets assumed coverage on Vermilion Energy in a report on Tuesday, May 14th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $25.00.

Vermilion Energy Stock Performance

NYSE:VET traded down $0.05 during trading hours on Friday, reaching $10.36. 1,639,330 shares of the stock were exchanged, compared to its average volume of 909,553. The company has a quick ratio of 1.11, a current ratio of 1.16 and a debt-to-equity ratio of 0.32. The firm has a 50 day simple moving average of $11.36 and a 200-day simple moving average of $11.45. Vermilion Energy Inc. has a 52 week low of $9.81 and a 52 week high of $15.98. The stock has a market capitalization of $1.65 billion, a P/E ratio of -3.73 and a beta of 2.03.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings results on Wednesday, May 1st. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.78). The company had revenue of $376.85 million during the quarter. Vermilion Energy had a positive return on equity of 11.65% and a negative net margin of 30.71%. During the same quarter last year, the business posted $0.77 earnings per share. As a group, sell-side analysts forecast that Vermilion Energy Inc. will post 1.24 earnings per share for the current fiscal year.

Vermilion Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.0872 dividend. This represents a $0.35 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Friday, June 28th. Vermilion Energy’s dividend payout ratio (DPR) is -12.59%.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.