Arbiter Partners Capital Management LLC Makes New Investment in Vermilion Energy Inc. $VET

Key Points

• Arbiter Partners acquired 250,235 shares of Vermilion Energy (NYSE:VET) in Q3, a stake valued at about $1.96 million that represents roughly 0.16% of the company and about 1.2% of Arbiter's portfolio (its 15th-largest holding).
• Several large institutions—including Vanguard, Ameriprise, American Century, LM Asset and Mackenzie—added to their positions, leaving institutional investors with about 31.91% ownership of Vermilion.
• Vermilion opened at $11.56 (52-week range $5.14–$12.00) with a market cap of $1.77 billion, and analysts' consensus rating is Hold (2 Buys, 4 Holds, 1 Sell).

Arbiter Partners Capital Management LLC acquired a new stake in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 250,235 shares of the oil and gas company's stock, valued at approximately $1,957,000. Vermilion Energy comprises approximately 1.2% of Arbiter Partners Capital Management LLC's holdings, making the stock its 15th biggest holding. Arbiter Partners Capital Management LLC owned about 0.16% of Vermilion Energy as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Vermilion Energy by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,658,161 shares of the oil and gas company's stock worth $52,007,000 after acquiring an additional 222,344 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Vermilion Energy by 1.1% during the second quarter. Ameriprise Financial Inc. now owns 6,123,629 shares of the oil and gas company's stock worth $44,580,000 after purchasing an additional 68,881 shares during the period. American Century Companies Inc. lifted its holdings in shares of Vermilion Energy by 19.5% during the third quarter. American Century Companies Inc. now owns 3,863,101 shares of the oil and gas company's stock worth $30,173,000 after purchasing an additional 631,655 shares during the period. LM Asset IM Inc. boosted its position in Vermilion Energy by 14.3% in the second quarter. LM Asset IM Inc. now owns 2,790,000 shares of the oil and gas company's stock valued at $20,327,000 after buying an additional 350,000 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Vermilion Energy by 317.5% in the 2nd quarter. Mackenzie Financial Corp now owns 1,974,742 shares of the oil and gas company's stock worth $14,423,000 after buying an additional 1,501,741 shares during the period. Hedge funds and other institutional investors own 31.91% of the company's stock.

Vermilion Energy Stock Performance

VET opened at $11.56 on Thursday. The firm's fifty day simple moving average is $9.50 and its two-hundred day simple moving average is $8.55. Vermilion Energy Inc. has a 52-week low of $5.14 and a 52-week high of $12.00. The company has a market cap of $1.77 billion, a price-to-earnings ratio of -10.51 and a beta of 0.61. The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 0.49.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Vermilion Energy in a research note on Wednesday, January 21st. BMO Capital Markets reaffirmed a "market perform" rating on shares of Vermilion Energy in a report on Thursday, December 11th. Wall Street Zen upgraded Vermilion Energy from a "sell" rating to a "hold" rating in a research note on Saturday, January 31st. TD Securities restated a "buy" rating on shares of Vermilion Energy in a research note on Thursday, December 11th. Finally, Zacks Research upgraded Vermilion Energy from a "strong sell" rating to a "hold" rating in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold".

Vermilion Energy Company Profile

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion's upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion's product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.