LM Asset Management Inc. Purchases New Position in Vermilion Energy Inc. $VET

LM Asset Management Inc. purchased a new stake in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 3,691,000 shares of the oil and gas company’s stock, valued at approximately $34,468,381,000. Vermilion Energy makes up approximately 21.4% of LM Asset Management Inc.’s investment portfolio, making the stock its 2nd biggest holding.

A number of other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in shares of Vermilion Energy by 251.0% during 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 in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Vermilion Energy by 178.7% in the second quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 4,136 shares in the last quarter. State of Wyoming grew its holdings in shares of Vermilion Energy by 24.3% in the fourth quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock valued at $74,000 after purchasing an additional 1,747 shares in the last quarter. LPL Financial LLC bought a new stake in Vermilion Energy in the fourth quarter worth $92,000. Finally, Mercer Global Advisors Inc. ADV increased its position in Vermilion Energy by 12.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock worth $99,000 after purchasing an additional 1,289 shares during the last quarter. Institutional investors own 31.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on VET shares. Weiss Ratings downgraded shares of Vermilion Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 1st. Royal Bank Of Canada restated a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, May 19th. TD Securities reaffirmed a “buy” rating on shares of Vermilion Energy in a report on Friday, July 31st. Finally, Desjardins raised shares of Vermilion Energy to a “hold” rating in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $15.00.

Vermilion Energy Stock Performance

NYSE:VET opened at $12.84 on Friday. The stock’s fifty day moving average is $10.40 and its 200 day moving average is $11.39. Vermilion Energy Inc. has a fifty-two week low of $7.07 and a fifty-two week high of $14.82. The firm has a market capitalization of $1.96 billion, a PE ratio of -6.08 and a beta of 0.30. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 1.00.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted 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 during the quarter, compared to analyst estimates of $330.39 million. Vermilion Energy had a negative net margin of 22.48% and a positive return on equity of 5.26%.

Vermilion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Tuesday, September 15th. Vermilion Energy’s dividend payout ratio (DPR) is -18.48%.

Vermilion Energy Company 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).