American Century Companies Inc. Increases Stake in Vermilion Energy Inc. $VET

Key Points

• American Century Companies Inc. increased its stake in Vermilion Energy Inc. by 19.5%, acquiring 462,109 shares, bringing their total holdings to 2,832,829 shares.
• Vermilion Energy recently reported a quarterly earnings loss of ($0.20) per share, missing expectations, with revenue of $392.33 million compared to the estimated $562.50 million.
• The company has faced analyst scrutiny, with ratings ranging from "sell" to "buy", and currently holds an average rating of "Moderate Buy".

American Century Companies Inc. raised its stake in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 19.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,832,829 shares of the oil and gas company's stock after purchasing an additional 462,109 shares during the quarter. American Century Companies Inc. owned approximately 1.84% of Vermilion Energy worth $22,934,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in VET. JPMorgan Chase & Co. increased its position in Vermilion Energy by 115.6% during the 4th quarter. JPMorgan Chase & Co. now owns 126,030 shares of the oil and gas company's stock valued at $1,185,000 after purchasing an additional 67,581 shares during the period. Geode Capital Management LLC increased its position in Vermilion Energy by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 80,484 shares of the oil and gas company's stock valued at $765,000 after purchasing an additional 3,668 shares during the period. Cerity Partners LLC purchased a new position in Vermilion Energy during the 4th quarter valued at $122,000. Renaissance Technologies LLC purchased a new position in Vermilion Energy during the 4th quarter valued at $114,000. Finally, Barclays PLC increased its position in Vermilion Energy by 10.5% during the 4th quarter. Barclays PLC now owns 49,257 shares of the oil and gas company's stock valued at $463,000 after purchasing an additional 4,676 shares during the period. 31.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. BMO Capital Markets reissued a "market perform" rating on shares of Vermilion Energy in a research report on Friday, August 8th. Wall Street Zen downgraded shares of Vermilion Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, Desjardins raised shares of Vermilion Energy from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Vermilion Energy currently has a consensus rating of "Moderate Buy".

Vermilion Energy Stock Down 0.1%

Shares of NYSE:VET traded down $0.01 during midday trading on Thursday, reaching $7.68. The company's stock had a trading volume of 531,117 shares, compared to its average volume of 1,246,780. The firm has a 50 day moving average of $7.71 and a 200-day moving average of $7.46. The firm has a market capitalization of $1.18 billion, a P/E ratio of -8.82 and a beta of 1.22. The company has a quick ratio of 1.84, a current ratio of 1.94 and a debt-to-equity ratio of 0.74. Vermilion Energy Inc. has a 12-month low of $5.14 and a 12-month high of $10.85.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last announced 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 the consensus estimate of $562.50 million. Vermilion Energy had a positive return on equity of 0.17% and a negative net margin of 9.29%. On average, research analysts anticipate that Vermilion Energy Inc. will post 0.22 earnings per share for the current year.

Vermilion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $0.52 annualized dividend and a dividend yield of 6.8%. Vermilion Energy's dividend 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.