Charles Schwab Investment Management Inc. Boosts Stock Position in Vermilion Energy Inc. $VET

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Vermilion Energy Inc. by 6.1%, acquiring 40,586 shares, bringing its total ownership to 701,870 shares valued at approximately $5.68 million.
• Vermilion Energy reported an earnings miss for the last quarter, posting an EPS of ($0.20) against an expected ($0.06), with revenue of $392.33 million, which fell short of estimates.
• Investment analysts have mixed ratings on Vermilion Energy, with two firms rating it as a Buy and two as Hold, leading to an overall average rating of "Moderate Buy."

Charles Schwab Investment Management Inc. grew its position in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 6.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 701,870 shares of the oil and gas company's stock after purchasing an additional 40,586 shares during the period. Charles Schwab Investment Management Inc. owned about 0.46% of Vermilion Energy worth $5,681,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VET. Geode Capital Management LLC boosted its holdings 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 acquiring an additional 3,668 shares during the period. Barclays PLC boosted its holdings 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 acquiring an additional 4,676 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Vermilion Energy by 5.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 135,600 shares of the oil and gas company's stock valued at $1,098,000 after acquiring an additional 6,518 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in Vermilion Energy by 45.2% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 21,007 shares of the oil and gas company's stock valued at $170,000 after acquiring an additional 6,538 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in Vermilion Energy by 0.5% during the 4th quarter. Two Sigma Investments LP now owns 1,281,074 shares of the oil and gas company's stock valued at $12,042,000 after acquiring an additional 6,765 shares during the period. Institutional investors own 31.91% of the company's stock.

Vermilion Energy Trading Down 1.6%

NYSE:VET traded down $0.13 during mid-day trading on Friday, reaching $7.56. 781,340 shares of the company's stock traded hands, compared to its average volume of 845,983. Vermilion Energy Inc. has a 12-month low of $5.14 and a 12-month high of $10.85. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -8.68 and a beta of 1.22. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.94 and a quick ratio of 1.84. The company has a 50 day moving average price of $7.69 and a 200-day moving average price of $7.42.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last posted its earnings results on Thursday, August 7th. The oil and gas company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.14). Vermilion Energy had a positive return on equity of 0.17% and a negative net margin of 9.29%.The firm had revenue of $392.33 million for the quarter, compared to analysts' expectations of $562.50 million. On average, sell-side analysts predict that Vermilion Energy Inc. will post 0.22 earnings per share for the current year.

Vermilion Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Desjardins upgraded Vermilion Energy from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. BMO Capital Markets restated a "market perform" rating on shares of Vermilion Energy in a report on Friday, August 8th. Finally, Wall Street Zen downgraded Vermilion Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Vermilion Energy has a consensus rating of "Moderate Buy".

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.