Guild Investment Management Inc. purchased a new position in shares of Vermilion Energy Inc (NYSE:VET) (TSE:VET) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 64,190 shares of the oil and gas company’s stock, valued at approximately $1,395,000. Vermilion Energy makes up about 2.1% of Guild Investment Management Inc.’s investment portfolio, making the stock its 24th biggest holding.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in Vermilion Energy in the 4th quarter valued at $31,876,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in Vermilion Energy in the 1st quarter valued at $24,256,000. Principal Financial Group Inc. lifted its position in Vermilion Energy by 24.7% in the 1st quarter. Principal Financial Group Inc. now owns 2,120,183 shares of the oil and gas company’s stock valued at $52,369,000 after acquiring an additional 419,470 shares in the last quarter. Intact Investment Management Inc. lifted its position in Vermilion Energy by 59.6% in the 1st quarter. Intact Investment Management Inc. now owns 988,000 shares of the oil and gas company’s stock valued at $32,555,000 after acquiring an additional 369,100 shares in the last quarter. Finally, Unigestion Holding SA bought a new stake in Vermilion Energy in the 2nd quarter valued at $7,291,000. 50.31% of the stock is currently owned by institutional investors.
Shares of VET stock opened at $15.75 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 0.76. Vermilion Energy Inc has a 1 year low of $14.81 and a 1 year high of $33.92. The company has a fifty day simple moving average of $20.08. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 20.45 and a beta of 1.11.
The firm also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a $0.176 dividend. This is a positive change from Vermilion Energy’s previous monthly dividend of $0.17. This represents a $2.11 annualized dividend and a yield of 13.41%. The ex-dividend date of this dividend is Tuesday, July 30th. Vermilion Energy’s payout ratio is presently 274.03%.
VET has been the topic of several research reports. Royal Bank of Canada cut shares of Vermilion Energy from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $40.00 to $33.00 in a research report on Thursday, July 18th. Credit Suisse Group began coverage on shares of Vermilion Energy in a research report on Monday, July 15th. They issued a “neutral” rating and a $32.00 price objective on the stock. TD Securities lowered shares of Vermilion Energy from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. ValuEngine lowered shares of Vermilion Energy from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 8th. Finally, Zacks Investment Research lowered shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $33.00.
About Vermilion Energy
Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.
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