Toronto Dominion Bank Boosts Holdings in Vermilion Energy Inc. (NYSE:VET)

Toronto Dominion Bank raised its stake in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 130.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 147,871 shares of the oil and gas company’s stock after buying an additional 83,839 shares during the period. Toronto Dominion Bank owned about 0.09% of Vermilion Energy worth $1,628,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in shares of Vermilion Energy by 2,569.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 3,674 shares during the period. HBK Sorce Advisory LLC acquired a new position in shares of Vermilion Energy in the first quarter worth about $127,000. Marshall Wace LLP acquired a new position in shares of Vermilion Energy in the second quarter worth about $122,000. Bank of Nova Scotia Trust Co. boosted its stake in shares of Vermilion Energy by 15.8% during 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 in the last quarter. Finally, Perkins Coie Trust Co acquired a new stake in shares of Vermilion Energy during the 2nd quarter valued at about $182,000. Institutional investors and hedge funds own 31.91% of the company’s stock.

Vermilion Energy Stock Performance

NYSE VET opened at $9.77 on Tuesday. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -3.51 and a beta of 2.00. The stock has a 50-day moving average of $9.87 and a 200 day moving average of $11.09. The company has a current ratio of 1.09, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. Vermilion Energy Inc. has a twelve month low of $8.70 and a twelve month high of $15.56.

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 for the quarter, missing the consensus estimate of $0.31 by ($0.69). Vermilion Energy had a positive return on equity of 5.99% and a negative net margin of 41.33%. The business had revenue of $350.04 million for the quarter, compared to analyst estimates of $376.54 million. Sell-side analysts anticipate that Vermilion Energy Inc. will post 0.35 EPS for the current fiscal 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 issued a dividend of $0.088 per share. This represents a $0.35 annualized dividend and a yield of 3.60%. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.09. The ex-dividend date is Friday, September 27th. Vermilion Energy’s dividend payout ratio (DPR) is presently -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.