Scotia Capital Inc. Has $17.06 Million Position in Vermilion Energy Inc. (VET)

Scotia Capital Inc. lifted its stake in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 7.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 539,545 shares of the oil and gas company’s stock after buying an additional 35,707 shares during the period. Scotia Capital Inc. owned about 0.45% of Vermilion Energy worth $17,064,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in VET. Bank of New York Mellon Corp boosted its position in shares of Vermilion Energy by 9.2% during the first quarter. Bank of New York Mellon Corp now owns 161,224 shares of the oil and gas company’s stock valued at $6,048,000 after buying an additional 13,629 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Vermilion Energy by 15.5% during the first quarter. Parametric Portfolio Associates LLC now owns 70,013 shares of the oil and gas company’s stock valued at $2,626,000 after buying an additional 9,407 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Vermilion Energy by 400.8% during the first quarter. JPMorgan Chase & Co. now owns 255,843 shares of the oil and gas company’s stock valued at $9,597,000 after buying an additional 204,760 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of Vermilion Energy by 12.3% during the first quarter. Neuberger Berman Group LLC now owns 43,496 shares of the oil and gas company’s stock valued at $1,632,000 after buying an additional 4,754 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Vermilion Energy by 4.7% during the first quarter. Alliancebernstein L.P. now owns 8,456 shares of the oil and gas company’s stock valued at $317,000 after buying an additional 378 shares during the last quarter. 53.57% of the stock is currently owned by institutional investors.

Shares of Vermilion Energy Inc. (NYSE VET) traded down 0.014% during mid-day trading on Tuesday, reaching $34.585. The company had a trading volume of 41,935 shares. Vermilion Energy Inc. has a one year low of $29.91 and a one year high of $44.95. The company has a 50 day moving average price of $34.51 and a 200 day moving average price of $33.79. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 67.814 and a beta of 0.53.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.30 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.37. The company had revenue of $201.70 million for the quarter. Vermilion Energy had a return on equity of 4.52% and a net margin of 7.17%. On average, analysts anticipate that Vermilion Energy Inc. will post $0.68 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.177 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.12 annualized dividend and a yield of 6.14%. Vermilion Energy’s dividend payout ratio is 451.06%.

Several research analysts recently issued reports on the company. Zacks Investment Research cut Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 27th. BidaskClub upgraded Vermilion Energy from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Finally, Royal Bank Of Canada upgraded Vermilion Energy from a “sector perform” rating to an “outperform” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Vermilion Energy currently has a consensus rating of “Hold” and a consensus target price of $54.50.

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About Vermilion Energy

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

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