Vermilion Energy Inc. $VET Shares Purchased by Charles Schwab Investment Management Inc.

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. increased its holdings in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 6.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 701,870 shares of the oil and gas company's stock after buying an additional 40,586 shares during the period. Charles Schwab Investment Management Inc. owned about 0.46% of Vermilion Energy worth $5,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VET. Northern Trust Corp purchased a new position in shares of Vermilion Energy during the 4th quarter valued at approximately $94,000. Hsbc Holdings PLC acquired a new position in Vermilion Energy in the 4th quarter valued at $104,000. Bayesian Capital Management LP acquired a new position in Vermilion Energy in the 4th quarter valued at $114,000. Renaissance Technologies LLC acquired a new position in Vermilion Energy in the 4th quarter valued at $114,000. Finally, Cantor Fitzgerald L. P. acquired a new position in Vermilion Energy in the 4th quarter valued at $137,000. Hedge funds and other institutional investors own 31.91% of the company's stock.

Vermilion Energy Trading Up 2.6%

Shares of VET traded up $0.20 during midday trading on Tuesday, reaching $7.75. The company had a trading volume of 848,192 shares, compared to its average volume of 802,777. 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 $1.19 billion, a PE ratio of -8.90 and a beta of 1.27. The firm has a 50 day simple moving average of $7.69 and a 200-day simple moving average of $7.40. 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 (NYSE:VET - Get Free Report) TSE: VET last issued its 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). Vermilion Energy had a positive return on equity of 0.17% and a negative net margin of 9.29%.The company had revenue of $392.33 million during the quarter, compared to analyst estimates of $562.50 million. Research analysts forecast that Vermilion Energy Inc. will post 0.22 EPS for the current fiscal year.

Vermilion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 29th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Monday, September 29th. Vermilion Energy's dividend payout ratio (DPR) is presently -43.68%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VET. BMO Capital Markets reissued a "market perform" rating on shares of Vermilion Energy in a research note on Friday, August 8th. Desjardins raised Vermilion Energy from a "hold" rating to a "buy" rating in a research note on Thursday, June 5th. Finally, Wall Street Zen downgraded Vermilion Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

About Vermilion Energy

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.