Waratah Capital Advisors Ltd. Makes New Investment in Vermilion Energy Inc. (NYSE:VET)

Waratah Capital Advisors Ltd. bought a new position in shares of Vermilion Energy Inc. (NYSE:VETGet Rating) (TSE:VET) in the first quarter, HoldingsChannel reports. The firm bought 520,918 shares of the oil and gas company’s stock, valued at approximately $10,936,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fulcrum Equity Management purchased a new stake in Vermilion Energy in the first quarter valued at approximately $634,000. Envestnet Asset Management Inc. purchased a new stake in Vermilion Energy in the fourth quarter valued at approximately $313,000. Acadian Asset Management LLC grew its holdings in Vermilion Energy by 480.3% in the fourth quarter. Acadian Asset Management LLC now owns 2,270,235 shares of the oil and gas company’s stock valued at $28,558,000 after purchasing an additional 1,879,004 shares during the period. Alberta Investment Management Corp grew its stake in Vermilion Energy by 655.2% during the fourth quarter. Alberta Investment Management Corp now owns 577,700 shares of the oil and gas company’s stock worth $7,272,000 after buying an additional 501,200 shares during the period. Finally, Americana Partners LLC purchased a new stake in Vermilion Energy during the first quarter worth approximately $266,000. Institutional investors and hedge funds own 25.59% of the company’s stock.

Vermilion Energy Price Performance

VET traded up $0.91 on Friday, reaching $22.96. The company had a trading volume of 2,211,124 shares, compared to its average volume of 2,373,551. The company has a fifty day moving average of $21.51 and a 200-day moving average of $20.14. The company has a market capitalization of $3.79 billion, a P/E ratio of 5.08 and a beta of 2.47. The company has a current ratio of 0.52, a quick ratio of 0.50 and a debt-to-equity ratio of 0.62. Vermilion Energy Inc. has a one year low of $5.51 and a one year high of $26.02.

Vermilion Energy (NYSE:VETGet Rating) (TSE:VET) last posted its quarterly earnings data on Wednesday, May 11th. The oil and gas company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.49. Vermilion Energy had a net margin of 37.30% and a return on equity of 27.58%. The company had revenue of $639.62 million during the quarter. As a group, equities research analysts anticipate that Vermilion Energy Inc. will post 7.37 earnings per share for the current year.

Vermilion Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a dividend of $0.0464 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $0.19 annualized dividend and a dividend yield of 0.81%. Vermilion Energy’s dividend payout ratio (DPR) is 4.20%.

Analysts Set New Price Targets

VET has been the subject of several research reports. Stifel Nicolaus upgraded shares of Vermilion Energy from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Thursday, June 30th. National Bank Financial decreased their target price on shares of Vermilion Energy from C$52.00 to C$48.00 in a research note on Monday, July 18th. StockNews.com downgraded shares of Vermilion Energy from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Stifel Firstegy upgraded shares of Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Thursday, June 30th. Finally, CIBC upped their target price on shares of Vermilion Energy from C$32.00 to C$34.00 in a research note on Wednesday, June 15th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Vermilion Energy has an average rating of “Moderate Buy” and an average price target of $33.67.

About Vermilion Energy

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Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. The company owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land in Canada; 130,715 net acres of land in the Powder River basin in the United States; 96% working interest in 248,873 net acres of developed land and 86% working interest in 134,160 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net developed acres and 920,723 net undeveloped acres in Germany; 975,375 net acres land in Croatia; 946,666 net acres land in Hungary; and 48,954 net acres land in Slovakia.

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

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