Alberta Investment Management Corp Decreases Stock Position in Vermilion Energy Inc. (NYSE:VET)

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 lessened its stake in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 11.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Pictet Asset Management Holding SA lifted its position in Vermilion Energy by 4.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 27,221 shares of the oil and gas company's stock valued at $256,000 after buying an additional 1,179 shares during the last quarter. Arete Wealth Advisors LLC raised its holdings in Vermilion Energy by 1.9% in the fourth quarter. Arete Wealth Advisors LLC now owns 108,088 shares of the oil and gas company's stock valued at $1,015,000 after acquiring an additional 2,046 shares in the last quarter. Geode Capital Management LLC raised its holdings in Vermilion Energy by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 80,484 shares of the oil and gas company's stock valued at $765,000 after acquiring an additional 3,668 shares in the last quarter. Barclays PLC raised its holdings in Vermilion Energy by 10.5% during the fourth quarter. Barclays PLC now owns 49,257 shares of the oil and gas company's stock worth $463,000 after purchasing an additional 4,676 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Vermilion Energy by 5.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 135,600 shares of the oil and gas company's stock worth $1,098,000 after purchasing an additional 6,518 shares in the last quarter. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Vermilion Energy Price Performance

VET stock traded down $0.09 during trading on Wednesday, hitting $7.85. The stock had a trading volume of 563,947 shares, compared to its average volume of 1,287,907. The company's 50 day moving average price is $7.70 and its two-hundred day moving average price is $7.68. Vermilion Energy Inc. has a 1-year low of $5.14 and a 1-year high of $10.85. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -48.91 and a beta of 1.22. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.64 and a current ratio of 0.71.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last posted its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported $0.07 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $395.26 million for the quarter, compared to analyst estimates of $569.00 million. On average, sell-side analysts forecast that Vermilion Energy Inc. will post 0.22 EPS for the current fiscal year.

Vermilion Energy Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were given a dividend of $0.13 per share. This represents a yield of 466.0%. The ex-dividend date of this dividend was Monday, June 30th. Vermilion Energy's dividend payout ratio is -237.50%.

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.