Bank of Montreal Can Lowers Holdings in Vermilion Energy Inc. (NYSE:VET)

Bank of Montreal Can lowered its stake in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 0.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 618,063 shares of the oil and gas company’s stock after selling 1,716 shares during the period. Bank of Montreal Can owned about 0.39% of Vermilion Energy worth $6,999,000 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 raised its position in Vermilion Energy by 2,569.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 3,674 shares in the last quarter. HBK Sorce Advisory LLC purchased a new position in shares of Vermilion Energy during the 1st quarter valued at approximately $127,000. Bank of Nova Scotia Trust Co. increased its holdings 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 valued at $145,000 after purchasing an additional 1,593 shares in the last quarter. Perkins Coie Trust Co acquired a new position in shares of Vermilion Energy in the 2nd quarter valued at $182,000. Finally, Virtu Financial LLC purchased a new stake in Vermilion Energy during the fourth quarter worth $205,000. Institutional investors and hedge funds own 31.91% of the company’s stock.

Vermilion Energy Stock Up 1.5 %

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

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings results on Wednesday, July 31st. The oil and gas company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $376.54 million. On average, research analysts expect that Vermilion Energy Inc. will post 0.35 earnings per share for the current year.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be paid a $0.088 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.35 dividend on an annualized basis and a yield of 3.60%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. Vermilion Energy’s dividend payout ratio (DPR) is currently -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.