Ingalls & Snyder LLC reduced its position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,832 shares of the oil and gas company’s stock after selling 400 shares during the period. Ingalls & Snyder LLC’s holdings in Vermilion Energy were worth $661,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in VET. OLD National Bancorp IN raised its stake in 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 worth $266,000 after buying an additional 63 shares during the last quarter. Financial Counselors Inc. raised its stake in 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 worth $309,000 after buying an additional 194 shares during the last quarter. Alliancebernstein L.P. raised its stake in Vermilion Energy by 4.7% in the first quarter. Alliancebernstein L.P. now owns 8,456 shares of the oil and gas company’s stock worth $317,000 after buying an additional 378 shares during the last quarter. Huntington National Bank raised its stake in 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 worth $123,000 after buying an additional 530 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Vermilion Energy by 10.2% in the first quarter. Janney Montgomery Scott LLC now owns 8,741 shares of the oil and gas company’s stock worth $328,000 after buying an additional 808 shares during the last quarter. Institutional investors and hedge funds own 49.16% of the company’s stock.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its earnings results on Wednesday, July 26th. The oil and gas company reported $0.30 earnings per share (EPS) 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 for the quarter.

The company also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, July 28th will be paid a dividend of $0.1686 per share. This is a positive change from Vermilion Energy’s previous monthly dividend of $0.16. The ex-dividend date is Wednesday, July 26th. This represents a $2.02 annualized dividend and a yield of 6.28%. Vermilion Energy’s dividend payout ratio is presently 423.40%.

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Several brokerages have recently commented on VET. Royal Bank Of Canada upgraded Vermilion Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded Vermilion Energy from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Saturday, July 8th. Finally, BidaskClub upgraded Vermilion Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $54.31.

About Vermilion Energy

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

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