Public Employees Retirement System of Ohio Purchases New Stake in Vermilion Energy Inc. $VET

Public Employees Retirement System of Ohio acquired a new position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 226,214 shares of the oil and gas company’s stock, valued at approximately $2,116,000. Public Employees Retirement System of Ohio owned 0.15% of Vermilion Energy as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LM Asset Management Inc. purchased a new stake in shares of Vermilion Energy during the 2nd quarter worth approximately $34,468,381. Arrowstreet Capital Limited Partnership purchased a new position in Vermilion Energy in the first quarter valued at approximately $31,144,000. Mackenzie Financial Corp lifted its stake in Vermilion Energy by 130.2% in the fourth quarter. Mackenzie Financial Corp now owns 3,174,261 shares of the oil and gas company’s stock valued at $26,483,000 after purchasing an additional 1,795,636 shares during the last quarter. Bank of Nova Scotia bought a new position in Vermilion Energy during the second quarter valued at $15,852,000. Finally, Lazard Asset Management LLC grew its holdings in Vermilion Energy by 7,879.7% during the first quarter. Lazard Asset Management LLC now owns 1,513,981 shares of the oil and gas company’s stock valued at $20,867,000 after purchasing an additional 1,495,008 shares during the period. 31.91% of the stock is currently owned by hedge funds and other institutional investors.

Vermilion Energy Price Performance

Shares of NYSE VET opened at $12.85 on Monday. 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 Inc. has a fifty-two week low of $7.10 and a fifty-two week high of $14.82. The stock has a market cap of $1.97 billion, a PE ratio of -6.08 and a beta of 0.33. The stock has a fifty day moving average of $11.01 and a 200-day moving average of $11.60.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $390.53 million for the quarter, compared to analysts’ expectations of $330.39 million.

Vermilion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.135 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.54 annualized dividend and a dividend yield of 4.2%. Vermilion Energy’s dividend payout ratio is currently -18.48%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on VET shares. TD Securities reaffirmed a “buy” rating on shares of Vermilion Energy in a research report on Friday, July 31st. Desjardins raised Vermilion Energy to a “hold” rating in a report on Thursday, July 16th. Wall Street Zen upgraded Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Weiss Ratings upgraded shares of Vermilion Energy from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, August 20th. Finally, Royal Bank Of Canada reiterated 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.00.

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).