TD Waterhouse Canada Inc. Acquires 60,415 Shares of Vermilion Energy Inc. $VET

TD Waterhouse Canada Inc. raised its stake in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 127.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 107,717 shares of the oil and gas company’s stock after purchasing an additional 60,415 shares during the period. TD Waterhouse Canada Inc. owned 0.07% of Vermilion Energy worth $1,009,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC boosted its holdings in Vermilion Energy by 4.6% in the 3rd quarter. Millennium Management LLC now owns 8,214,261 shares of the oil and gas company’s stock worth $64,161,000 after buying an additional 359,878 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Vermilion Energy by 22.7% in the third quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock worth $58,745,000 after acquiring an additional 1,388,489 shares during the period. Vanguard Group Inc. grew its position in shares of Vermilion Energy by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 6,731,403 shares of the oil and gas company’s stock worth $56,005,000 after purchasing an additional 73,242 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Vermilion Energy by 44.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,870,457 shares of the oil and gas company’s stock valued at $67,114,000 after purchasing an additional 1,487,870 shares during the period. Finally, LM Asset Management Inc. lifted its holdings in Vermilion Energy by 28.2% in the 4th quarter. LM Asset Management Inc. now owns 3,772,600 shares of the oil and gas company’s stock worth $31,434,000 after purchasing an additional 830,600 shares in the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Vermilion Energy Trading Up 2.5%

NYSE VET opened at $13.37 on Thursday. The stock has a market cap of $2.04 billion, a PE ratio of -6.33 and a beta of 0.33. Vermilion Energy Inc. has a 12 month low of $7.10 and a 12 month high of $14.82. The company’s 50-day moving average price is $11.24 and its 200-day moving average price is $11.66. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.63.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.05 by $0.57. The company had revenue of $390.53 million for the quarter, compared to the consensus estimate of $330.39 million. Vermilion Energy had a positive return on equity of 5.26% and a negative net margin of 22.48%.

Vermilion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a $0.135 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.0%. Vermilion Energy’s payout ratio is presently -18.48%.

Analyst Ratings Changes

A number of brokerages have issued reports on VET. Weiss Ratings upgraded shares of Vermilion Energy from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, August 20th. Zacks Research upgraded Vermilion Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Desjardins upgraded Vermilion Energy to a “hold” rating in a report on Thursday, July 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, May 19th. Finally, TD Securities reissued a “buy” rating on shares of Vermilion Energy in a report on Friday, July 31st. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Vermilion Energy currently has an average rating of “Hold” and an average target price of $15.00.

Vermilion Energy Profile

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).