Bank of Nova Scotia Trust Co. lifted its holdings in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,101 shares of the oil and gas company’s stock after purchasing an additional 1,250 shares during the quarter. Bank of Nova Scotia Trust Co. owned 0.15% of Vermilion Energy worth $5,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in shares of Vermilion Energy by 17.9% in the second quarter. BNP Paribas Arbitrage SA now owns 3,194 shares of the oil and gas company’s stock worth $101,000 after purchasing an additional 484 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Vermilion Energy by 145.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,946 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 1,746 shares during the last quarter. Sei Investments Co. raised its stake in shares of Vermilion Energy by 114.2% in the second quarter. Sei Investments Co. now owns 4,657 shares of the oil and gas company’s stock worth $148,000 after purchasing an additional 2,483 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Vermilion Energy in the second quarter worth $204,000. Finally, Comerica Bank purchased a new position in shares of Vermilion Energy in the second quarter worth $237,000. Hedge funds and other institutional investors own 53.57% of the company’s stock.

Vermilion Energy Inc. (VET) traded down 1.22% during mid-day trading on Friday, reaching $35.58. The company had a trading volume of 121,547 shares. The stock’s 50-day moving average price is $32.72 and its 200 day moving average price is $33.88. The firm has a market capitalization of $4.31 billion, a PE ratio of 69.76 and a beta of 0.52. 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 earnings results on Wednesday, July 26th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.37. The company had revenue of $201.70 million during the quarter. Vermilion Energy had a return on equity of 4.52% and a net margin of 7.17%. On average, equities research analysts predict that Vermilion Energy Inc. will post $0.69 EPS for the current year.

The company also recently announced a monthly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a $0.177 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.12 dividend on an annualized basis and a yield of 5.97%. Vermilion Energy’s dividend payout ratio (DPR) is 451.06%.

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Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Vermilion Energy from a “hold” rating to a “strong-buy” rating and set a $39.00 price target for the company in a research note on Wednesday, September 13th. BidaskClub cut Vermilion Energy from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Finally, Royal Bank Of Canada upgraded Vermilion Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $54.50.

Vermilion Energy Profile

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

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