Vermilion Energy Inc. (VET) Stake Lifted by Jarislowsky Fraser Ltd
Jarislowsky Fraser Ltd lifted its position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 0.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,327,338 shares of the oil and gas company’s stock after purchasing an additional 11,451 shares during the period. Vermilion Energy comprises approximately 1.3% of Jarislowsky Fraser Ltd’s portfolio, making the stock its 16th biggest holding. Jarislowsky Fraser Ltd owned about 5.19% of Vermilion Energy worth $224,377,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its holdings 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. Sei Investments Co. grew its holdings 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 stake in Vermilion Energy in the second quarter worth $204,000. Sterling Capital Management LLC purchased a new stake in Vermilion Energy in the second quarter worth $219,000. Finally, Comerica Bank purchased a new stake in Vermilion Energy in the second quarter worth $237,000. Hedge funds and other institutional investors own 52.92% of the company’s stock.
Shares of Vermilion Energy Inc. (VET) traded down $0.45 during trading on Monday, reaching $37.52. The company’s stock had a trading volume of 124,300 shares, compared to its average volume of 145,901. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.77 and a quick ratio of 0.72. The stock has a market capitalization of $4,569.94, a price-to-earnings ratio of 93.80 and a beta of 0.54. Vermilion Energy Inc. has a fifty-two week low of $29.91 and a fifty-two week high of $44.95.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.1726 per share. This represents a $2.07 annualized dividend and a yield of 5.52%. The ex-dividend date is Monday, October 30th. Vermilion Energy’s dividend payout ratio is currently 686.67%.
A number of analysts recently commented on the company. Royal Bank Of Canada raised Vermilion Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday, July 27th. BidaskClub lowered Vermilion Energy from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Zacks Investment Research lowered Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Canaccord Genuity reaffirmed a “buy” rating and issued a $52.00 price target on shares of Vermilion Energy in a research note on Monday, October 30th. Finally, Scotiabank reissued a “buy” rating and set a $52.50 price objective on shares of Vermilion Energy in a research report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Vermilion Energy currently has a consensus rating of “Hold” and an average price target of $47.83.
Vermilion Energy Profile
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