Westpac Banking Corp Acquires 2,105 Shares of Vermilion Energy Inc. (VET)
Westpac Banking Corp boosted its holdings in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 39.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,443 shares of the oil and gas company’s stock after buying an additional 2,105 shares during the quarter. Westpac Banking Corp’s holdings in Vermilion Energy were worth $306,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Vermilion Energy by 145.5% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,946 shares of the oil and gas company’s stock worth $110,000 after buying an additional 1,746 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Vermilion Energy by 17.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,194 shares of the oil and gas company’s stock worth $101,000 after buying an additional 484 shares during the last quarter. Sei Investments Co. raised its position in Vermilion Energy by 114.2% during the 2nd quarter. Sei Investments Co. now owns 4,657 shares of the oil and gas company’s stock worth $148,000 after buying an additional 2,483 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Vermilion Energy during the 2nd quarter worth approximately $204,000. Finally, Comerica Bank purchased a new position in Vermilion Energy during the 2nd quarter worth approximately $237,000. 53.57% of the stock is owned by institutional investors.
Vermilion Energy Inc. (VET) opened at 36.85 on Monday. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 75.36 and a beta of 0.52. The firm’s 50-day moving average is $32.51 and its 200-day moving average is $33.97. Vermilion Energy Inc. has a 52-week low of $29.91 and a 52-week high of $44.95.
Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.37. Vermilion Energy had a return on equity of 4.52% and a net margin of 7.17%. The firm had revenue of $201.70 million during the quarter. Analysts predict that Vermilion Energy Inc. will post $0.70 earnings per share for the current year.
The business also recently declared a dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a dividend of $0.177 per share. The ex-dividend date of this dividend is Thursday, September 28th. Vermilion Energy’s dividend payout ratio is presently 451.06%.
VET has been the subject of a number of recent research reports. BidaskClub raised shares of Vermilion Energy from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research raised shares of Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 29th. Finally, Royal Bank Of Canada raised shares of Vermilion Energy from a “sector perform” rating to an “outperform” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $54.50.
Vermilion Energy Company Profile
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