TD Waterhouse Canada Inc. Boosts Position in Vermilion Energy Inc. $VET

TD Waterhouse Canada Inc. raised its holdings in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 127.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 107,717 shares of the oil and gas company’s stock after purchasing an additional 60,415 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Vermilion Energy were worth $1,009,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of VET. Mercer Global Advisors Inc. ADV grew its holdings in Vermilion Energy by 12.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock worth $99,000 after acquiring an additional 1,289 shares during the period. EverSource Wealth Advisors LLC grew 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. State of Wyoming increased its holdings in shares of Vermilion Energy by 24.3% during 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 in the last quarter. Osaic Holdings Inc. grew its position in Vermilion Energy by 3.2% during the fourth quarter. Osaic Holdings Inc. now owns 62,979 shares of the oil and gas company’s stock valued at $525,000 after buying an additional 1,950 shares during the period. Finally, Vident Advisory LLC grew its position in shares of Vermilion Energy by 6.0% during the 2nd quarter. Vident Advisory LLC now owns 47,694 shares of the oil and gas company’s stock valued at $347,000 after acquiring an additional 2,691 shares during the period. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wall Street Zen raised Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Zacks Research raised shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Weiss Ratings raised shares of Vermilion Energy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 20th. TD Securities reaffirmed a “buy” rating on shares of Vermilion Energy in a research note on Friday, July 31st. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.00.

Vermilion Energy Price Performance

Shares of VET stock opened at $13.37 on Thursday. 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 company has a market capitalization of $2.04 billion, a PE ratio of -6.33 and a beta of 0.33. The firm’s 50-day moving average is $11.24 and its two-hundred day moving average is $11.66. Vermilion Energy Inc. has a 12 month low of $7.10 and a 12 month high of $14.82.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share (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 the consensus estimate 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 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 issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Vermilion Energy’s dividend payout ratio is -18.48%.

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).