Vermilion Energy Inc. (VET) To Go Ex-Dividend on December 15th

by · The Markets Daily

Vermilion Energy Inc. (NYSE:VET – Get Free Report) (TSE:VET) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Tuesday, December 15th will be given a dividend of C$0.14 per share by the oil and gas company on Thursday, December 31st. This represents a $0.54 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Tuesday, December 15th.

Vermilion Energy has a dividend payout ratio of -139.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Vermilion Energy Stock Down 2.3%

NYSE:VET opened at $10.50 on Friday. Vermilion Energy has a 1 year low of $7.61 and a 1 year high of $14.82. The stock has a 50-day moving average price of $12.55 and a two-hundred day moving average price of $11.63. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of -4.60 and a beta of 0.52. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.63.

Vermilion Energy (NYSE:VET – Get Free Report) (TSE:VET) last released its quarterly earnings results on Wednesday, November 4th. The oil and gas company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.43). The business had revenue of $417.06 million for the quarter, compared to analyst estimates of $332.96 million. Vermilion Energy had a positive return on equity of 4.21% and a negative net margin of 22.78%.

Institutional Trading of Vermilion Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Canoe Financial LP bought a new position in shares of Vermilion Energy during the 3rd quarter worth approximately $15,517,000. Drum Hill Capital LLC raised its holdings in shares of Vermilion Energy by 0.7% in the third quarter. Drum Hill Capital LLC now owns 372,122 shares of the oil and gas company’s stock valued at $4,238,000 after purchasing an additional 2,587 shares during the last quarter. Gold Investment Management Ltd. raised its holdings in shares of Vermilion Energy by 1,493.3% in the third quarter. Gold Investment Management Ltd. now owns 4,780 shares of the oil and gas company’s stock valued at $54,000 after purchasing an additional 4,480 shares during the last quarter. Engineers Gate Manager LP lifted its position in shares of Vermilion Energy by 212.3% in the second quarter. Engineers Gate Manager LP now owns 172,429 shares of the oil and gas company’s stock worth $1,615,000 after purchasing an additional 117,219 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its position in shares of Vermilion Energy by 127.7% in the second quarter. TD Waterhouse Canada Inc. now owns 107,717 shares of the oil and gas company’s stock worth $1,009,000 after purchasing an additional 60,415 shares in the last quarter. Institutional investors and hedge funds own 31.91% of the company’s stock.

Vermilion Energy Company Profile

(Get Free Report)

Vermilion Energy Inc is a Canadian-based international oil and natural gas producer headquartered in Calgary, Alberta. Founded in 1994, the company explores for, develops, and produces crude oil, condensate, natural gas liquids, and natural gas.

Vermilion operates a geographically diversified portfolio of assets in North America and Europe, with activities in Canada, the United States, France, the Netherlands, Germany, and Croatia. Its production includes conventional and unconventional oil and gas, with operations focused on developing reserves and supplying energy to regional and international markets.

The company’s shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.

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