Guggenheim Capital LLC Has $1.92 Million Position in Vermilion Energy (VET)
Guggenheim Capital LLC increased its holdings in Vermilion Energy (NYSE:VET) (TSE:VET) by 7.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 52,719 shares of the oil and gas company’s stock after acquiring an additional 3,710 shares during the period. Guggenheim Capital LLC’s holdings in Vermilion Energy were worth $1,919,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of VET. Icon Wealth Partners LLC purchased a new position in Vermilion Energy in the fourth quarter worth approximately $127,000. American International Group Inc. purchased a new position in Vermilion Energy in the fourth quarter worth approximately $204,000. Koch Industries Inc. purchased a new position in Vermilion Energy in the fourth quarter worth approximately $262,000. Sterling Capital Management LLC grew its position in Vermilion Energy by 50.7% in the third quarter. Sterling Capital Management LLC now owns 10,400 shares of the oil and gas company’s stock worth $370,000 after acquiring an additional 3,500 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in Vermilion Energy in the third quarter worth approximately $379,000. Institutional investors own 55.66% of the company’s stock.
Several research analysts have recently commented 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 report on Wednesday, February 14th. ValuEngine upgraded Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, April 11th. Finally, JPMorgan Chase assumed coverage on Vermilion Energy in a research report on Monday, February 12th. They set an “overweight” rating for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $47.50.
Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings results on Thursday, March 1st. The oil and gas company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.12). Vermilion Energy had a return on equity of 4.92% and a net margin of 5.32%. The firm had revenue of $249.88 million for the quarter, compared to analysts’ expectations of $244.23 million. equities research analysts predict that Vermilion Energy will post 1.08 earnings per share for the current fiscal year.
The company also recently declared a dividend, which was paid on Monday, April 16th. Stockholders of record on Friday, March 30th were given a dividend of $0.168 per share. The ex-dividend date of this dividend was Wednesday, March 28th. Vermilion Energy’s dividend payout ratio is currently 394.12%.
About Vermilion Energy
Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.
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