Acadian Asset Management LLC Buys New Position in Vermilion Energy Inc. $VET

Key Points

• Acadian Asset Management LLC has invested approximately $3.15 million in Vermilion Energy Inc., acquiring 389,100 shares in the first quarter.
• Vermilion Energy reported a quarterly loss of $0.20 per share, missing analysts' expectations while also announcing a quarterly dividend of $0.13 per share with a yield of 6.9%.
• Analysts have mixed ratings on Vermilion Energy, with two upgrade from "hold" to "buy" and a recent d downgrade from "hold" to "sell", resulting in a consensus rating of "Moderate Buy."

Acadian Asset Management LLC purchased a new position in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 389,100 shares of the oil and gas company's stock, valued at approximately $3,145,000. Acadian Asset Management LLC owned about 0.25% of Vermilion Energy at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northern Trust Corp bought a new stake in Vermilion Energy in the fourth quarter valued at about $94,000. FORA Capital LLC bought a new stake in Vermilion Energy in the first quarter valued at about $111,000. Everstar Asset Management LLC bought a new stake in Vermilion Energy in the first quarter valued at about $122,000. State of Wyoming increased its stake in Vermilion Energy by 216.9% in the fourth quarter. State of Wyoming now owns 16,528 shares of the oil and gas company's stock valued at $155,000 after acquiring an additional 11,312 shares during the period. Finally, Northwest & Ethical Investments L.P. increased its stake in Vermilion Energy by 48.1% in the first quarter. Northwest & Ethical Investments L.P. now owns 16,671 shares of the oil and gas company's stock valued at $135,000 after acquiring an additional 5,418 shares during the period. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on VET. BMO Capital Markets reaffirmed a "market perform" rating on shares of Vermilion Energy in a research note on Friday, August 8th. Desjardins raised shares of Vermilion Energy from a "hold" rating to a "buy" rating in a research note on Thursday, June 5th. Finally, Wall Street Zen cut shares of Vermilion Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Vermilion Energy Trading Down 3.6%

VET traded down $0.28 during trading on Friday, reaching $7.53. 1,047,882 shares of the company's stock were exchanged, compared to its average volume of 769,756. The stock has a market capitalization of $1.16 billion, a PE ratio of -8.66 and a beta of 1.27. The firm has a fifty day moving average price of $7.69 and a two-hundred day moving average price of $7.31. The company has a current ratio of 1.94, a quick ratio of 1.84 and a debt-to-equity ratio of 0.74. Vermilion Energy Inc. has a one year low of $5.14 and a one year high of $10.85.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last issued its quarterly earnings results on Thursday, August 7th. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.14). The firm had revenue of $392.33 million during the quarter, compared to analyst estimates of $562.50 million. Vermilion Energy had a positive return on equity of 0.17% and a negative net margin of 9.29%. As a group, equities research analysts forecast that Vermilion Energy Inc. will post 0.22 earnings per share for the current fiscal year.

Vermilion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 29th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Monday, September 29th. Vermilion Energy's payout ratio is presently -43.68%.

Vermilion Energy Company 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.