Bank of America Corp DE Acquires 48,311 Shares of Vermilion Energy Inc. (NYSE:VET)

Bank of America Corp DE increased its position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 28.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 219,467 shares of the oil and gas company’s stock after buying an additional 48,311 shares during the period. Bank of America Corp DE owned approximately 0.18% of Vermilion Energy worth $8,232,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. increased its position in Vermilion Energy by 16.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,835 shares of the oil and gas company’s stock valued at $117,000 after buying an additional 405 shares during the last quarter. Huntington National Bank increased its stake in shares of Vermilion Energy by 19.2% in the first quarter. Huntington National Bank now owns 3,291 shares of the oil and gas company’s stock valued at $123,000 after buying an additional 530 shares in the last quarter. ARP Americas LLC acquired a new stake in shares of Vermilion Energy during the first quarter valued at about $228,000. OLD National Bancorp IN increased its stake in shares of Vermilion Energy by 0.9% in the first quarter. OLD National Bancorp IN now owns 7,097 shares of the oil and gas company’s stock valued at $266,000 after buying an additional 63 shares in the last quarter. Finally, Financial Counselors Inc. increased its stake in shares of Vermilion Energy by 2.4% in the first quarter. Financial Counselors Inc. now owns 8,235 shares of the oil and gas company’s stock valued at $309,000 after buying an additional 194 shares in the last quarter. 49.36% of the stock is currently owned by hedge funds and other institutional investors.

Vermilion Energy Inc. (NYSE:VET) traded up 2.59% on Friday, hitting $31.30. 199,396 shares of the stock were exchanged. The company has a market capitalization of $3.79 billion, a PE ratio of 64.01 and a beta of 0.51. Vermilion Energy Inc. has a 1-year low of $29.91 and a 1-year high of $44.95. The company has a 50-day moving average price of $31.55 and a 200 day moving average price of $34.91.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.37. The business had revenue of $201.70 million for the quarter. Vermilion Energy had a net margin of 7.17% and a return on equity of 4.52%. Analysts anticipate that Vermilion Energy Inc. will post $0.71 EPS for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.169 per share. This represents a $2.03 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date is Tuesday, August 29th. Vermilion Energy’s payout ratio is currently 423.40%.

COPYRIGHT VIOLATION NOTICE: “Bank of America Corp DE Acquires 48,311 Shares of Vermilion Energy Inc. (NYSE:VET)” was published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://www.com-unik.info/2017/08/19/bank-of-america-corp-de-has-8-23-million-position-in-vermilion-energy-inc-nysevet-updated-updated-updated.html.

Several equities research analysts have recently issued reports on VET shares. Zacks Investment Research downgraded Vermilion Energy from a “buy” rating to a “sell” rating in a research report on Wednesday, July 19th. BidaskClub cut shares of Vermilion Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Finally, Royal Bank Of Canada upgraded shares of Vermilion Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $53.25.

About Vermilion Energy

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

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