The Manufacturers Life Insurance Company Takes Position in Vermilion Energy Inc. $VET

The Manufacturers Life Insurance Company bought a new stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) in the 2nd quarter, Holdings Channel reports. The firm bought 246,710 shares of the oil and gas company’s stock, valued at approximately $2,300,000.

Other institutional investors have also added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV lifted its stake 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 valued at $99,000 after acquiring an additional 1,289 shares during the last quarter. Pictet Asset Management Holding SA grew its position in shares of Vermilion Energy by 5.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 26,209 shares of the oil and gas company’s stock valued at $218,000 after acquiring an additional 1,430 shares during the period. EverSource Wealth Advisors LLC increased 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 last quarter. State of Wyoming raised its holdings in shares of Vermilion Energy by 24.3% in the 4th 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 during the period. Finally, Osaic Holdings Inc. raised its holdings in shares of Vermilion Energy by 3.2% in the 4th quarter. Osaic Holdings Inc. now owns 62,979 shares of the oil and gas company’s stock valued at $525,000 after purchasing an additional 1,950 shares during the period. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Desjardins raised Vermilion Energy to a “hold” rating in a research report on Thursday, July 16th. Zacks Research upgraded Vermilion Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Weiss Ratings raised Vermilion Energy from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, August 20th. Finally, TD Securities reiterated a “buy” rating on shares of Vermilion Energy in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Vermilion Energy has an average rating of “Hold” and an average target price of $15.00.

Vermilion Energy Stock Performance

NYSE VET opened at $13.18 on Thursday. The firm has a 50-day moving average of $10.87 and a 200-day moving average of $11.56. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 1.00. The stock has a market cap of $2.02 billion, a PE ratio of -6.24 and a beta of 0.33. Vermilion Energy Inc. has a 52-week low of $7.10 and a 52-week high of $14.82.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.57. The business had revenue of $390.53 million for 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 Announces Dividend

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 given a $0.135 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.54 annualized dividend and a dividend yield of 4.1%. Vermilion Energy’s dividend payout ratio is presently -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).