Vermilion Energy Inc. $VET Shares Bought by Blue Trust Inc.

Blue Trust Inc. raised its stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 24.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,778 shares of the oil and gas company’s stock after acquiring an additional 1,504 shares during the quarter. Blue Trust Inc.’s holdings in Vermilion Energy were worth $57,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in VET. FORA Capital LLC acquired a new position in shares of Vermilion Energy in the first quarter worth $111,000. Everstar Asset Management LLC purchased a new stake in shares of Vermilion Energy in the first quarter valued at $122,000. Northwest & Ethical Investments L.P. grew its position in shares of Vermilion Energy by 48.1% in the first quarter. Northwest & Ethical Investments L.P. now owns 16,671 shares of the oil and gas company’s stock valued at $135,000 after purchasing an additional 5,418 shares during the period. State of Wyoming grew its position in shares of Vermilion Energy by 14.5% in the first quarter. State of Wyoming now owns 18,920 shares of the oil and gas company’s stock valued at $153,000 after purchasing an additional 2,392 shares during the period. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of Vermilion Energy in the first quarter valued at $160,000. 31.91% of the stock is owned by institutional investors and hedge funds.

Vermilion Energy Price Performance

Shares of NYSE VET opened at $7.21 on Friday. Vermilion Energy Inc. has a 1-year low of $5.14 and a 1-year high of $10.85. The business has a 50-day moving average of $7.66 and a 200-day moving average of $7.31. 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 company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -8.28 and a beta of 1.11.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its earnings results 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 company had revenue of $392.33 million during the quarter, compared to analysts’ expectations of $562.50 million. On average, equities analysts anticipate that Vermilion Energy Inc. will post 0.22 EPS for the current fiscal year.

Vermilion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th were given a $0.13 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.52 annualized dividend and a dividend yield of 7.2%. Vermilion Energy’s dividend payout ratio is presently -43.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VET shares. BMO Capital Markets reaffirmed a “market perform” rating on shares of Vermilion Energy in a research report on Friday, August 8th. Wall Street Zen downgraded Vermilion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. TD Securities reaffirmed a “buy” rating on shares of Vermilion Energy in a research report on Tuesday, September 30th. Desjardins downgraded Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research report on Thursday. Finally, Scotiabank reissued a “sector perform” rating on shares of Vermilion Energy in a research report on Thursday, October 9th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Vermilion Energy has a consensus rating of “Hold”.

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.