Oppenheimer & Co. Inc. Acquires New Holdings in Vermilion Energy Inc. $VET

Oppenheimer & Co. Inc. acquired a new stake in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 318,449 shares of the oil and gas company’s stock, valued at approximately $2,656,000.

Several other institutional investors also recently bought and sold shares of the company. ARGA Investment Management LP grew its holdings in shares of Vermilion Energy by 138.9% during the third quarter. ARGA Investment Management LP now owns 105,369 shares of the oil and gas company’s stock worth $823,000 after buying an additional 61,272 shares during the last quarter. Aegis Financial Corp grew its holdings in shares of Vermilion Energy by 67.2% during the third quarter. Aegis Financial Corp now owns 870,492 shares of the oil and gas company’s stock worth $6,801,000 after buying an additional 350,000 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of Vermilion Energy by 192.4% during the third quarter. Quantbot Technologies LP now owns 156,621 shares of the oil and gas company’s stock worth $1,225,000 after buying an additional 103,049 shares during the last quarter. Arbiter Partners Capital Management LLC purchased a new position in shares of Vermilion Energy during the third quarter worth about $1,957,000. Finally, American Century Companies Inc. grew its holdings in shares of Vermilion Energy by 19.5% during the third quarter. American Century Companies Inc. now owns 3,863,101 shares of the oil and gas company’s stock worth $30,173,000 after buying an additional 631,655 shares during the last quarter. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada raised their price target on Vermilion Energy from $14.00 to $15.00 and gave the stock a “sector perform” rating in a report on Thursday, March 5th. Scotiabank reissued a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, April 21st. Weiss Ratings raised Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd. Wall Street Zen lowered Vermilion Energy from a “hold” rating to a “sell” rating in a report on Sunday, April 12th. Finally, Zacks Research lowered Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.00.

Vermilion Energy Price Performance

Shares of VET opened at $13.53 on Tuesday. Vermilion Energy Inc. has a twelve month low of $5.89 and a twelve month high of $14.82. The stock’s 50 day moving average is $12.37 and its two-hundred day moving average is $9.99. The firm has a market capitalization of $2.06 billion, a PE ratio of -4.42 and a beta of 0.36. The company has a current ratio of 0.84, a quick ratio of 0.76 and a debt-to-equity ratio of 0.58.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings data on Wednesday, March 4th. The oil and gas company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.33. Vermilion Energy had a positive return on equity of 3.80% and a negative net margin of 34.30%.The company had revenue of $334.64 million for the quarter, compared to analyst estimates of $384.74 million. Research analysts anticipate that Vermilion Energy Inc. will post 0.54 earnings per share for the current year.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a $0.135 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.54 dividend on an annualized basis and a yield of 4.0%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.13. Vermilion Energy’s dividend payout ratio is presently -13.07%.

About Vermilion Energy

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).