Bank of Nova Scotia Trust Co. Grows Position in Vermilion Energy Inc. (NYSE:VET)

Bank of Nova Scotia Trust Co. grew its stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 15.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,650 shares of the oil and gas company’s stock after purchasing an additional 1,593 shares during the period. Bank of Nova Scotia Trust Co.’s holdings in Vermilion Energy were worth $145,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Vermilion Energy by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 5,925,874 shares of the oil and gas company’s stock worth $73,718,000 after purchasing an additional 71,476 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Vermilion Energy by 10.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,786,251 shares of the oil and gas company’s stock worth $33,602,000 after buying an additional 265,611 shares during the period. Intact Investment Management Inc. raised its stake in shares of Vermilion Energy by 36.5% during the 4th quarter. Intact Investment Management Inc. now owns 1,147,900 shares of the oil and gas company’s stock worth $13,835,000 after buying an additional 307,200 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Vermilion Energy by 243.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 686,712 shares of the oil and gas company’s stock worth $8,543,000 after buying an additional 486,567 shares during the period. Finally, Alberta Investment Management Corp raised its stake in shares of Vermilion Energy by 9.5% during the 4th quarter. Alberta Investment Management Corp now owns 670,800 shares of the oil and gas company’s stock worth $8,124,000 after buying an additional 58,000 shares during the period. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Vermilion Energy Price Performance

NYSE VET traded down $0.05 during mid-day trading on Friday, hitting $10.36. The stock had a trading volume of 1,639,330 shares, compared to its average volume of 909,553. The firm’s 50 day moving average is $11.36 and its 200 day moving average is $11.45. Vermilion Energy Inc. has a twelve month low of $9.81 and a twelve month high of $15.98. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.16 and a quick ratio of 1.11. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -3.73 and a beta of 2.03.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings data on Wednesday, May 1st. The oil and gas company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.78). Vermilion Energy had a negative net margin of 30.71% and a positive return on equity of 11.65%. The firm had revenue of $376.85 million during the quarter. During the same period in the prior year, the company posted $0.77 earnings per share. Equities research analysts forecast that Vermilion Energy Inc. will post 1.24 earnings per share for the current fiscal year.

Vermilion Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.0872 dividend. This represents a $0.35 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend was Friday, June 28th. Vermilion Energy’s dividend payout ratio is currently -12.59%.

Analyst Ratings Changes

Separately, BMO Capital Markets began coverage on Vermilion Energy in a research note on Tuesday, May 14th. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

Vermilion Energy Company 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.