LPL Financial LLC Raises Stock Holdings in Vermilion Energy Inc. (NYSE:VET)

LPL Financial LLC lifted its holdings in Vermilion Energy Inc. (NYSE:VET – Get Rating) (TSE:VET) by 19.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,214 shares of the oil and gas company’s stock after buying an additional 13,259 shares during the quarter. LPL Financial LLC’s holdings in Vermilion Energy were worth $1,420,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Covestor Ltd purchased a new stake in shares of Vermilion Energy in the first quarter worth approximately $25,000. Optiver Holding B.V. raised its holdings in shares of Vermilion Energy by 68.7% in the third quarter. Optiver Holding B.V. now owns 1,243 shares of the oil and gas company’s stock worth $27,000 after buying an additional 506 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Vermilion Energy by 8,245.6% in the first quarter. PNC Financial Services Group Inc. now owns 4,757 shares of the oil and gas company’s stock worth $99,000 after buying an additional 4,700 shares during the period. Atlas Capital Advisors LLC purchased a new stake in shares of Vermilion Energy in the second quarter worth approximately $127,000. Finally, Catalyst Capital Advisors LLC bought a new position in Vermilion Energy in the third quarter worth approximately $141,000. 27.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. TD Securities cut Vermilion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, March 29th. JPMorgan Chase & Co. raised Vermilion Energy from a “neutral” rating to an “overweight” rating in a research note on Tuesday, March 14th. Finally, StockNews.com assumed coverage on Vermilion Energy in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.44.

Vermilion Energy Stock Down 5.5 %

Vermilion Energy stock opened at $11.45 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.83 and a quick ratio of 0.80. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 1.80 and a beta of 2.22. Vermilion Energy Inc. has a 1-year low of $11.34 and a 1-year high of $30.17. The business has a fifty day moving average price of $12.58 and a 200-day moving average price of $15.06.

Vermilion Energy (NYSE:VET – Get Rating) (TSE:VET) last posted its quarterly earnings data on Wednesday, March 8th. The oil and gas company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.19). The business had revenue of $620.75 million during the quarter. Vermilion Energy had a return on equity of 25.51% and a net margin of 43.59%. Equities research analysts forecast that Vermilion Energy Inc. will post 2.21 EPS for the current fiscal year.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be given a $0.0734 dividend. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, June 29th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 2.56%. Vermilion Energy’s dividend payout ratio (DPR) is presently 4.55%.

About Vermilion Energy

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Vermilion Energy, Inc engages in the acquisition, exploration, development, and production of oil and natural gas. It operates through the following geographical segments: Canada, United States of America, France, Netherlands, Germany, Ireland, Australia, and Corporate. The company was founded by Lorenzo Donadeo and Claudio A.