Quantbot Technologies LP Makes New $1.28 Million Investment in Vermilion Energy Inc. $VET

Quantbot Technologies LP acquired a new stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 136,905 shares of the oil and gas company’s stock, valued at approximately $1,283,000.

Other hedge funds have also recently modified their holdings of the company. LM Asset Management Inc. purchased a new position in Vermilion Energy in the second quarter worth $34,468,381,000. Deutsche Bank AG purchased a new stake in shares of Vermilion Energy during the 2nd quarter valued at $328,000. Alberta Investment Management Corp purchased a new stake in shares of Vermilion Energy during the 2nd quarter valued at $383,000. Amundi bought a new stake in shares of Vermilion Energy during the 1st quarter worth $143,000. Finally, EverSource Wealth Advisors LLC raised its stake 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 purchasing an additional 1,714 shares during the period. Institutional investors own 31.91% of the company’s stock.

Vermilion Energy Stock Down 2.5%

Shares of NYSE VET opened at $12.22 on Wednesday. Vermilion Energy Inc. has a one year low of $7.10 and a one year high of $14.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.00 and a quick ratio of 0.90. The business’s fifty day moving average price is $10.51 and its 200-day moving average price is $11.45. The stock has a market capitalization of $1.87 billion, a PE ratio of -5.79 and a beta of 0.30.

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

Vermilion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Tuesday, September 15th. Vermilion Energy’s dividend payout ratio (DPR) is currently -18.48%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on VET shares. Wall Street Zen upgraded shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, May 19th. Zacks Research upgraded shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. TD Securities reiterated a “buy” rating on shares of Vermilion Energy in a research note on Friday, July 31st. Finally, Desjardins raised shares of Vermilion Energy to a “hold” rating in a research report on Thursday, July 16th. Two equities research 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’s stock. According to data from MarketBeat.com, Vermilion Energy presently has an average rating of “Hold” and an average price target of $15.00.

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).