Public Employees Retirement System of Ohio Has $1.82 Million Stake in Vermilion Energy Inc. $VET

Public Employees Retirement System of Ohio decreased its stake in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 4.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 249,434 shares of the oil and gas company’s stock after selling 12,099 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.16% of Vermilion Energy worth $1,817,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. grew its position in Vermilion Energy by 764.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 699,900 shares of the oil and gas company’s stock valued at $5,667,000 after purchasing an additional 618,900 shares during the period. Banque Transatlantique SA acquired a new stake in Vermilion Energy in the 1st quarter valued at $4,396,000. Goldman Sachs Group Inc. grew its position in Vermilion Energy by 51.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,630,488 shares of the oil and gas company’s stock valued at $13,207,000 after purchasing an additional 553,281 shares during the period. Royal Bank of Canada grew its position in Vermilion Energy by 49.5% in the 1st quarter. Royal Bank of Canada now owns 1,516,673 shares of the oil and gas company’s stock valued at $12,284,000 after purchasing an additional 502,153 shares during the period. Finally, Millennium Management LLC grew its position in Vermilion Energy by 6.4% in the 1st quarter. Millennium Management LLC now owns 7,760,144 shares of the oil and gas company’s stock valued at $62,881,000 after purchasing an additional 466,695 shares during the period. Institutional investors and hedge funds own 31.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on VET. TD Securities reissued a “buy” rating on shares of Vermilion Energy in a research report on Tuesday. Wall Street Zen cut Vermilion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Vermilion Energy in a research note on Saturday, September 27th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Vermilion Energy in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Vermilion Energy presently has a consensus rating of “Hold”.

Vermilion Energy Trading Up 5.6%

NYSE VET opened at $8.36 on Friday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -9.60 and a beta of 1.11. Vermilion Energy Inc. has a one year low of $5.14 and a one year high of $10.85. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.94 and a quick ratio of 1.84. The business’s fifty day moving average is $7.71 and its 200-day moving average is $7.34.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings data on Thursday, August 7th. The oil and gas company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.14). Vermilion Energy had a positive return on equity of 0.17% and a negative net margin of 9.29%.The firm had revenue of $392.33 million during the quarter, compared to analysts’ expectations of $562.50 million. Equities research analysts predict that Vermilion Energy Inc. will post 0.22 EPS for the current year.

Vermilion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 29th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $0.52 annualized dividend and a yield of 6.2%. Vermilion Energy’s dividend payout ratio (DPR) is -43.68%.

Vermilion Energy Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.