According to the most recent report that Centaurus Financial INC has filed with the SEC, the company made a new investment in Vermilion Energy INC (NYSE: VET) (TSE: VET) during the third quarter of 2018. When the institutional investor purchased 16,739 shares of the oil and gas company’s stock, they did so for nearly $359,000.
Several additional institutional investors have lately made adjustments to the holdings that they have in VETs.
Throughout the first three months of the year, Covestor Ltd expanded its portfolio by purchasing a new holding in Vermilion Energy valued at roughly $25,000.
During the third quarter, Optiver Holding B.V.
Boosted the percentage of Vermilion Energy in which it had a holding by 68.7%. Optiver Holding B.V. now holds 1,243 shares of the oil and gas company’s stock, valued at $27,000.
This is because the company made an additional purchase of 506 shares during the most recent quarter.
Pacifica Partners INC grew its holdings in Vermilion Energy by 59.2% during the third quarter of the fiscal year.
After purchasing an additional 533 shares during the most recent quarter, Pacifica Partners INC now has 1,433 of the oil and gas company’s shares, worth a combined total of $35,000.
PNC Financial Services Group INC boosted its holdings in Vermilion Energy by 8,254.6% during the year’s first three months.
After acquiring 4,700 additional shares during the preceding quarter, PNC Financial Services Group INC now holds 4,757 shares of the oil and gas company’s stock, with a combined value of $99,000.
Last but not least, during the third quarter, Larson Financial Group LLC bought an additional holding in Vermilion Energy for $119,000.
Institutional investors currently hold 27.94% of the company’s stock.
Several research companies have just recently published VET reports. National Bank Financial lowered its price objective on Vermilion Energy from $50.00 (Canadian) to $29.00 (Canadian) in a research report published on Wednesday, January 11.
T.D. Securities lowered their price objective on Vermilion Energy from C$38.00 to C$35.00 in a report published on Monday, January 9. On the other hand, CIBC lowered their price objective on Vermilion Energy from C$36.00 to C$26.00 in a report published on Tuesday, January 17.
In a report made public on Tuesday, March 14, JPMorgan Chase & Co moved Vermilion Energy from “neutral” to “overweight,” indicating a more bullish stance on the stock.
Last but not least, in a report published on Monday, January 9, BMO Capital Markets stated that their price objective for Vermilion Energy had been decreased from C$32.00 to C$25.00.
The stock has been assigned a buy rating by four different analysts, while one has assigned it a hold rating.
According to the data provided by Bloomberg, the stock is now rated as having a “Moderate Buy” average rating and has a target price of $32.44.
On Friday, VET opened for trading at $12.11 per share.
The firm’s market capitalization is currently valued at $1.97 billion, while its P.E. ratio stands at 2.01 and it’s beta at 2.22.
There is a debt-to-equity ratio of 0.33, a quick ratio of 0.78, a current ratio of 0.80, and a quick ratio of 0.78.
The moving average for the company over the past 50 days is $14.32, and the moving average over the past 200 days is $18.52. Vermilion Energy INC hit a 52-week low of $11.93 and a 52-week high of $30.17 throughout the year.
In addition, the company has announced a quarterly dividend, which is scheduled to be distributed on the 17th of this month. Shareholders of record on March 31 will receive a dividend payment of $0.073 per share.
This results in a dividend payment of $0.29 per year and a dividend yield of 2.41%. When expressed on an annualized basis.
The date that shareholders will no longer receive a dividend is March 30.
The previous quarterly dividend of $0.06 that Vermilion Energy paid out increased to $0.07 per share. Vermilion Energy’s dividend payout ratio (DPR) is now 3.99%.
Vermilion Energy, INC is a business that specializes in purchasing oil and gas properties and their exploration, development, and production.
It operates wholly owned subsidiaries in several countries, including the United Kingdom, Canada, the United States of America, France, the Netherlands, Germany, Ireland, and Australia.
Lorenzo Donadeo and Claudio A initially established the business.
Source: beststocks.com
