Scotia Capital Inc. Buys 73,825 Shares of Vermilion Energy Inc (NYSE:VET)

Scotia Capital Inc. lifted its stake in Vermilion Energy Inc (NYSE:VET) (TSE:VET) by 5.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,482,709 shares of the oil and gas company’s stock after buying an additional 73,825 shares during the period. Scotia Capital Inc. owned about 0.96% of Vermilion Energy worth $32,140,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Rockefeller Capital Management L.P. acquired a new stake in Vermilion Energy during the 2nd quarter valued at $27,000. Icon Wealth Partners LLC acquired a new stake in Vermilion Energy in the 1st quarter valued at about $101,000. Advisor Group Inc. raised its stake in shares of Vermilion Energy by 86.0% in the second quarter. Advisor Group Inc. now owns 9,489 shares of the oil and gas company’s stock worth $206,000 after acquiring an additional 4,387 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Vermilion Energy in the first quarter worth about $243,000. Finally, DORCHESTER WEALTH MANAGEMENT Co raised its stake in shares of Vermilion Energy by 39.0% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 11,624 shares of the oil and gas company’s stock worth $253,000 after acquiring an additional 3,262 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

NYSE:VET traded down $0.02 during trading hours on Wednesday, reaching $15.97. 73,153 shares of the stock were exchanged, compared to its average volume of 846,438. The stock has a market cap of $2.51 billion, a PE ratio of 20.71 and a beta of 1.17. The firm has a 50 day moving average of $15.74 and a 200 day moving average of $21.55. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.79. Vermilion Energy Inc has a twelve month low of $13.62 and a twelve month high of $33.92.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.27). Vermilion Energy had a net margin of 18.66% and a return on equity of 11.59%. The company had revenue of $320.01 million for the quarter, compared to analyst estimates of $323.16 million. Equities research analysts anticipate that Vermilion Energy Inc will post 0.41 earnings per share for the current year.

The company also recently declared a monthly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.174 per share. This is a positive change from Vermilion Energy’s previous monthly dividend of $0.17. This represents a $2.09 annualized dividend and a yield of 13.07%. The ex-dividend date is Thursday, August 29th. Vermilion Energy’s dividend payout ratio is 271.43%.

Several research firms have recently commented on VET. Zacks Investment Research cut shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 19th. Royal Bank of Canada downgraded Vermilion Energy from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $40.00 to $33.00 in a research report on Thursday, July 18th. Finally, Credit Suisse Group assumed coverage on Vermilion Energy in a research note on Monday, July 15th. They set a “neutral” rating and a $32.00 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $33.00.

About Vermilion Energy

Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.

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Institutional Ownership by Quarter for Vermilion Energy (NYSE:VET)

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