Counterpoint Mutual Funds LLC Invests $382,000 in Vermilion Energy Inc. $VET

Key Points

• Counterpoint Mutual Funds LLC has acquired a new stake in Vermilion Energy Inc. valued at approximately $382,000, purchasing 52,528 shares in the second quarter.
• Vermilion Energy's stock opened at $8.06, with the company reporting a negative EPS of ($0.20) for the last quarter, missing analysts' estimates.
• The company declared a quarterly dividend of $0.13 per share, with an annualized yield of 6.5%, to be paid on October 15th.

Counterpoint Mutual Funds LLC purchased a new stake in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 52,528 shares of the oil and gas company's stock, valued at approximately $382,000.

Several other institutional investors also recently modified their holdings of the stock. Royal Bank of Canada lifted its holdings in shares of Vermilion Energy by 49.5% during the 1st quarter. Royal Bank of Canada now owns 1,516,673 shares of the oil and gas company's stock worth $12,284,000 after acquiring an additional 502,153 shares during the last quarter. Intact Investment Management Inc. boosted its holdings in shares of Vermilion Energy by 76.9% in the 1st quarter. Intact Investment Management Inc. now owns 680,000 shares of the oil and gas company's stock worth $5,506,000 after purchasing an additional 295,500 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Vermilion Energy by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 6,412,741 shares of the oil and gas company's stock valued at $51,918,000 after purchasing an additional 346,678 shares during the last quarter. Drum Hill Capital LLC lifted its position in Vermilion Energy by 130.6% in the 1st quarter. Drum Hill Capital LLC now owns 310,128 shares of the oil and gas company's stock worth $2,512,000 after buying an additional 175,631 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Vermilion Energy during the first quarter worth approximately $166,000. 31.91% of the stock is currently owned by institutional investors.

Vermilion Energy Stock Performance

Vermilion Energy stock opened at $8.06 on Wednesday. The company has a current ratio of 1.94, a quick ratio of 1.84 and a debt-to-equity ratio of 0.74. The firm has a market cap of $1.24 billion, a P/E ratio of -9.26 and a beta of 1.27. Vermilion Energy Inc. has a 1-year low of $5.14 and a 1-year high of $10.85. The firm has a 50-day moving average of $7.69 and a 200-day moving average of $7.31.

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

Vermilion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 29th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $0.52 dividend on an annualized basis and a yield of 6.5%. Vermilion Energy's dividend payout ratio (DPR) is presently -42.53%.

Analyst Upgrades and Downgrades

VET has been the subject of a number of research reports. BMO Capital Markets reaffirmed a "market perform" rating on shares of Vermilion Energy in a research note on Friday, August 8th. Wall Street Zen downgraded Vermilion Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Desjardins upgraded Vermilion Energy from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Vermilion Energy currently has an average 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.

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