Vermilion Energy Inc. (NYSE:VET) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its holdings in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 57.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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.’s holdings in Vermilion Energy were worth $3,184,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in VET. HBK Sorce Advisory LLC acquired a new stake in shares of Vermilion Energy in the 1st quarter worth $127,000. Bank of Nova Scotia Trust Co. raised its stake in Vermilion Energy by 15.8% in the 1st quarter. Bank of Nova Scotia Trust Co. now owns 11,650 shares of the oil and gas company’s stock worth $145,000 after acquiring an additional 1,593 shares during the last quarter. Perkins Coie Trust Co purchased a new position in Vermilion Energy in the 2nd quarter worth $182,000. Virtu Financial LLC purchased a new position in Vermilion Energy in the 4th quarter worth $205,000. Finally, CANADA LIFE ASSURANCE Co raised its stake in Vermilion Energy by 17.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 18,387 shares of the oil and gas company’s stock worth $229,000 after acquiring an additional 2,716 shares during the last quarter. Institutional investors and hedge funds own 31.91% of the company’s stock.

Vermilion Energy Stock Performance

Shares of VET stock opened at $9.22 on Monday. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -3.32 and a beta of 2.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.09 and a quick ratio of 1.02. The business has a fifty day moving average of $10.18 and a 200 day moving average of $11.22. Vermilion Energy Inc. has a 1 year low of $8.70 and a 1 year high of $15.98.

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

Vermilion Energy Increases Dividend

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

Vermilion Energy Profile

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.