Oppenheimer & Co. Inc. Sells 397,512 Shares of Vermilion Energy Inc. (NYSE:VET)

Oppenheimer & Co. Inc. lowered its position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 57.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 289,200 shares of the oil and gas company’s stock after selling 397,512 shares during the quarter. Oppenheimer & Co. Inc. owned approximately 0.18% of Vermilion Energy worth $3,184,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Vermilion Energy by 1.2% in the first quarter. Vanguard Group Inc. now owns 5,925,874 shares of the oil and gas company’s stock worth $73,718,000 after purchasing an additional 71,476 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Vermilion Energy by 10.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,786,251 shares of the oil and gas company’s stock worth $33,602,000 after purchasing an additional 265,611 shares in the last quarter. American Century Companies Inc. grew its stake in Vermilion Energy by 6.4% in the second quarter. American Century Companies Inc. now owns 2,190,255 shares of the oil and gas company’s stock worth $24,111,000 after purchasing an additional 131,780 shares in the last quarter. National Bank of Canada FI grew its stake in Vermilion Energy by 0.6% in the second quarter. National Bank of Canada FI now owns 1,684,875 shares of the oil and gas company’s stock worth $18,461,000 after purchasing an additional 9,304 shares in the last quarter. Finally, Alberta Investment Management Corp boosted its position in Vermilion Energy by 9.5% during the 4th quarter. Alberta Investment Management Corp now owns 670,800 shares of the oil and gas company’s stock valued at $8,124,000 after acquiring an additional 58,000 shares in the last quarter. Institutional investors own 31.91% of the company’s stock.

Vermilion Energy Stock Up 0.2 %

Shares of NYSE VET opened at $9.22 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $1.45 billion, a PE ratio of -3.32 and a beta of 2.00. The stock’s fifty day simple moving average is $10.18 and its two-hundred day simple moving average is $11.22. Vermilion Energy Inc. has a 12-month low of $8.70 and a 12-month high of $15.98.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its earnings results on Wednesday, July 31st. The oil and gas company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.69). The company had revenue of $350.04 million for the quarter, compared to the consensus estimate of $376.54 million. Vermilion Energy had a negative net margin of 41.33% and a positive return on equity of 5.99%. As a group, analysts expect that Vermilion Energy Inc. will post 0.83 EPS for the current fiscal year.

Vermilion Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be given a dividend of $0.088 per share. This represents a $0.35 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Friday, September 27th. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. Vermilion Energy’s dividend payout ratio (DPR) is -12.59%.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.