3,691,000 Shares in Vermilion Energy Inc. $VET Bought by LM Asset Management Inc.

LM Asset Management Inc. bought a new stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,691,000 shares of the oil and gas company’s stock, valued at approximately $34,468,381. Vermilion Energy makes up approximately 0.0% of LM Asset Management Inc.’s investment portfolio, making the stock its 2nd biggest position. LM Asset Management Inc. owned approximately 2.41% of Vermilion Energy at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in Vermilion Energy by 251.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 1,714 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Vermilion Energy by 178.7% during the second quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 4,136 shares in the last quarter. State of Wyoming increased its position in shares of Vermilion Energy by 24.3% during the 4th quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock worth $74,000 after purchasing an additional 1,747 shares during the last quarter. Amundi purchased a new stake in Vermilion Energy during the 1st quarter worth about $143,000. Finally, LPL Financial LLC acquired a new stake in shares of Vermilion Energy in the fourth quarter valued at about $92,000. 31.91% of the stock is owned by hedge funds and other institutional investors.

Vermilion Energy Stock Down 1.5%

NYSE:VET traded down $0.19 during midday trading on Friday, hitting $12.52. 540,346 shares of the company were exchanged, compared to its average volume of 1,841,089. The company has a fifty day simple moving average of $10.61 and a 200 day simple moving average of $11.48. Vermilion Energy Inc. has a fifty-two week low of $7.10 and a fifty-two week high of $14.82. The company has a market capitalization of $1.91 billion, a PE ratio of -5.93 and a beta of 0.30. 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 posted its earnings results on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.57. The business had revenue of $390.53 million during the quarter, compared to analyst estimates 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Vermilion Energy’s dividend payout ratio (DPR) is -18.01%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on VET shares. Wall Street Zen raised shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 1st. TD Securities restated a “buy” rating on shares of Vermilion Energy in a report on Friday, July 31st. Weiss Ratings raised shares of Vermilion Energy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 20th. Desjardins upgraded shares of Vermilion Energy to a “hold” rating in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Vermilion Energy currently has an average rating of “Hold” and an average price target 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).