Franklin Resources Inc. increased its position in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 15.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,154,251 shares of the oil and gas company’s stock after buying an additional 158,662 shares during the period. Franklin Resources Inc. owned about 0.95% of Vermilion Energy worth $36,636,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Virginia Retirement Systems ET AL increased its stake in shares of Vermilion Energy by 0.4% during the second quarter. Virginia Retirement Systems ET AL now owns 9,391 shares of the oil and gas company’s stock worth $297,000 after buying an additional 42 shares during the period. Financial Counselors Inc. increased its stake in shares of Vermilion Energy by 2.4% during 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 period. Alliancebernstein L.P. increased its stake in shares of Vermilion Energy by 4.7% during 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 period. BNP Paribas Arbitrage SA increased its stake in shares of Vermilion Energy by 17.9% during the second quarter. BNP Paribas Arbitrage SA now owns 3,194 shares of the oil and gas company’s stock worth $101,000 after buying an additional 484 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of Vermilion Energy by 10.2% during 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 period. Hedge funds and other institutional investors own 53.70% of the company’s stock.
A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a research note on Wednesday. BidaskClub upgraded shares of Vermilion Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, Royal Bank Of Canada upgraded shares of Vermilion Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Vermilion Energy currently has a consensus rating of “Buy” and an average price target of $54.50.
Vermilion Energy Inc. (NYSE:VET) opened at 36.85 on Friday. Vermilion Energy Inc. has a 52 week low of $29.91 and a 52 week high of $44.95. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 75.36 and a beta of 0.52. The firm has a 50-day moving average of $32.51 and a 200 day moving average of $33.97.
Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $201.70 million for the quarter. On average, analysts anticipate that Vermilion Energy Inc. will post $0.70 EPS for the current year.
The firm also recently disclosed a monthly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.169 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $2.03 annualized dividend and a yield of 5.50%. Vermilion Energy’s dividend payout ratio is presently 431.91%.
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About Vermilion Energy
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