Man Group plc Purchases New Position in Vermilion Energy Inc. $VET

Man Group plc acquired a new position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 857,940 shares of the oil and gas company’s stock, valued at approximately $8,039,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VET. EverSource Wealth Advisors LLC boosted its stake in Vermilion Energy by 251.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 1,714 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Vermilion Energy by 178.7% in the second quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 4,136 shares during the last quarter. State of Wyoming lifted its holdings in shares of Vermilion Energy by 24.3% during the fourth quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock valued at $74,000 after purchasing an additional 1,747 shares in the last quarter. Amundi bought a new position in shares of Vermilion Energy during the first quarter valued at $143,000. Finally, LPL Financial LLC bought a new position in shares of Vermilion Energy during the fourth quarter valued at $92,000. 31.91% of the stock is owned by institutional investors.

Vermilion Energy Stock Performance

Shares of VET opened at $12.48 on Friday. The firm has a market capitalization of $1.91 billion, a P/E ratio of -5.91 and a beta of 0.30. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.00 and a quick ratio of 0.90. Vermilion Energy Inc. has a one year low of $7.10 and a one year high of $14.82. The business has a fifty day moving average of $10.67 and a 200 day moving average of $11.49.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its earnings results on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.57. The company had revenue of $390.53 million for the quarter, compared to the consensus estimate of $330.39 million. Vermilion Energy had a positive return on equity of 5.26% and a negative net margin of 22.48%.

Vermilion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be paid a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Tuesday, September 15th. Vermilion Energy’s dividend payout ratio is -18.48%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on VET shares. Zacks Research upgraded Vermilion Energy from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Wall Street Zen upgraded shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, May 19th. TD Securities reaffirmed a “buy” rating on shares of Vermilion Energy in a report on Friday, July 31st. Finally, Desjardins raised shares of Vermilion Energy to a “hold” rating in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $15.00.

Vermilion Energy Company Profile

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).