PDT Partners LLC Makes New $1.20 Million Investment in Vermilion Energy Inc. $VET

PDT Partners LLC purchased a new stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 127,550 shares of the oil and gas company’s stock, valued at approximately $1,195,000.

A number of other institutional investors also recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its position 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 buying an additional 1,714 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Vermilion Energy by 178.7% during the second quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 4,136 shares in the last quarter. State of Wyoming raised its stake in Vermilion Energy by 24.3% during the fourth quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock worth $74,000 after acquiring an additional 1,747 shares in the last quarter. Amundi bought a new position in shares of Vermilion Energy in the first quarter worth about $143,000. Finally, LPL Financial LLC bought a new position in shares of Vermilion Energy in the fourth quarter worth about $92,000. Institutional investors and hedge funds own 31.91% of the company’s stock.

Vermilion Energy Price Performance

Shares of VET opened at $12.28 on Thursday. The firm has a market cap of $1.88 billion, a PE ratio of -5.81 and a beta of 0.30. Vermilion Energy Inc. has a 52-week low of $7.10 and a 52-week high of $14.82. The business’s 50 day moving average price is $10.55 and its two-hundred day moving average price is $11.46. 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 announced its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.57. Vermilion Energy had a negative net margin of 22.48% and a positive return on equity of 5.26%. The firm had revenue of $390.53 million for the quarter, compared to analyst estimates of $330.39 million.

Vermilion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors 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 dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Vermilion Energy’s dividend payout ratio (DPR) is presently -18.48%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of Vermilion Energy from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, August 20th. TD Securities reissued a “buy” rating on shares of Vermilion Energy in a research note on Friday, July 31st. 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 note on Tuesday, May 19th. Finally, Desjardins upgraded shares of Vermilion Energy to a “hold” rating in a report on Thursday, July 16th. Two 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $15.00.

Vermilion Energy 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).