Vermilion Energy Inc. (NYSE:VET) Holdings Cut by Alberta Investment Management Corp

Key Points

• Alberta Investment Management Corp reduced its stake in Vermilion Energy Inc. by 11.3%, selling 81,500 shares and owning 637,500 shares worth $5.16 million at the end of the first quarter.
• Vermilion Energy reported earnings per share (EPS) of $0.07, falling short of analysts' projections of $0.17, with revenue at $395.26 million compared to expectations of $569 million.
• The company recently announced a dividend of $0.13 per share, reflecting a high yield of 466.0%, but its dividend payout ratio is a negative -237.50%.

Alberta Investment Management Corp decreased its stake in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 11.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 637,500 shares of the oil and gas company's stock after selling 81,500 shares during the quarter. Alberta Investment Management Corp owned approximately 0.41% of Vermilion Energy worth $5,160,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Northern Trust Corp acquired a new position in shares of Vermilion Energy during the 4th quarter valued at about $94,000. Hsbc Holdings PLC purchased a new position in shares of Vermilion Energy in the 4th quarter valued at approximately $104,000. Renaissance Technologies LLC acquired a new stake in shares of Vermilion Energy in the 4th quarter valued at approximately $114,000. Bayesian Capital Management LP acquired a new position in Vermilion Energy during the fourth quarter worth about $114,000. Finally, Cerity Partners LLC acquired a new position in shares of Vermilion Energy during the 4th quarter worth $122,000. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Vermilion Energy Stock Performance

VET traded down $0.08 during trading hours on Monday, hitting $7.88. The company's stock had a trading volume of 555,758 shares, compared to its average volume of 1,002,857. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 0.67. Vermilion Energy Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $10.85. The company has a 50-day simple moving average of $7.64 and a 200 day simple moving average of $7.69. The firm has a market capitalization of $1.21 billion, a PE ratio of -49.22 and a beta of 1.22.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last announced its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.10). Vermilion Energy had a negative net margin of 1.71% and a negative return on equity of 1.22%. The firm had revenue of $395.26 million during the quarter, compared to analyst estimates of $569.00 million. As a group, sell-side analysts expect that Vermilion Energy Inc. will post 0.22 EPS for the current year.

Vermilion Energy Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were issued a $0.13 dividend. This represents a dividend yield of 466.0%. The ex-dividend date was Monday, June 30th. Vermilion Energy's dividend payout ratio (DPR) is presently -237.50%.

Analyst Ratings Changes

VET has been the subject of a number of recent analyst reports. Desjardins upgraded shares of Vermilion Energy from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. National Bankshares reiterated an "outperform" rating on shares of Vermilion Energy in a report on Friday, April 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Vermilion Energy has a consensus rating of "Hold".

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.