American Century Companies Inc. lowered its position in Vermilion Energy Inc. (NYSE:VET – Free Report) (TSE:VET) by 51.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 888,081 shares of the oil and gas company’s stock after selling 923,373 shares during the quarter. American Century Companies Inc. owned 0.55% of Vermilion Energy worth $11,283,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd bought a new stake in shares of Vermilion Energy in the 1st quarter worth about $25,000. Money Concepts Capital Corp bought a new stake in shares of Vermilion Energy in the 4th quarter worth about $40,000. PNC Financial Services Group Inc. increased its position in shares of Vermilion Energy by 8,245.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,757 shares of the oil and gas company’s stock worth $99,000 after purchasing an additional 4,700 shares during the last quarter. Atlas Capital Advisors LLC bought a new stake in shares of Vermilion Energy in the 2nd quarter worth about $127,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Vermilion Energy in the 4th quarter worth about $121,000. Institutional investors and hedge funds own 28.67% of the company’s stock.
Vermilion Energy Trading Up 3.4 %
Vermilion Energy stock opened at $15.05 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $13.58 and a two-hundred day moving average price of $12.98. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 2.86 and a beta of 2.25. Vermilion Energy Inc. has a 52-week low of $10.75 and a 52-week high of $27.10.
Vermilion Energy (NYSE:VET – Get Free Report) (TSE:VET) last posted its earnings results on Wednesday, August 2nd. The oil and gas company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.33. The firm had revenue of $350.94 million during the quarter, compared to analyst estimates of $409.87 million. Vermilion Energy had a net margin of 41.30% and a return on equity of 16.48%. Sell-side analysts expect that Vermilion Energy Inc. will post 2.18 earnings per share for the current year.
Vermilion Energy Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.0749 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.99%. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, September 28th. Vermilion Energy’s payout ratio is presently 5.70%.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Desjardins downgraded shares of Vermilion Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. StockNews.com assumed coverage on shares of Vermilion Energy in a research report on Thursday, August 17th. They set a “hold” rating for the company. Finally, Canaccord Genuity Group assumed coverage on shares of Vermilion Energy in a research report on Friday, July 21st. They set a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $31.50.
Get Our Latest Research Report on Vermilion Energy
Vermilion Energy Company Profile
(Free Report)
Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. The company owns 82% working interest in 796,648 net acres of developed land and 85% working interest in 384,237 net acres of undeveloped land in Canada; 149,043 net acres of land in the Powder River basin in the United States; 96% working interest in 258,125 net acres of developed land and 100% working interest in 106,993 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 1,604,206 net acres of land in the Netherlands; 107,351 net developed acres and 1,549,929 net undeveloped acres in Germany; 975,374 net acres land in Croatia; 614,625 net acres land in Hungary; and 97,907 net acres land in Slovakia.
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