Engineers Gate Manager LP Buys 117,219 Shares of Vermilion Energy Inc. $VET

Key Points

• Engineers Gate Manager LP increased its Vermilion Energy stake by 212.3% in the second quarter, buying 117,219 shares to own 172,429 shares worth approximately $1.6 million.
• Other institutional investors also expanded or initiated positions, bringing institutional ownership of Vermilion Energy to 31.91%.
• Vermilion reported quarterly EPS of $0.62, well above the $0.05 consensus estimate, and announced a quarterly dividend of $0.135 per share, representing a 4.3% yield; analysts maintain an average “Hold” rating with a $15 price target.

Engineers Gate Manager LP raised its stake in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 212.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,429 shares of the oil and gas company's stock after buying an additional 117,219 shares during the period. Engineers Gate Manager LP owned 0.11% of Vermilion Energy worth $1,615,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VET. Dimensional Fund Advisors LP lifted its stake in shares of Vermilion Energy by 44.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,870,457 shares of the oil and gas company's stock valued at $67,114,000 after acquiring an additional 1,487,870 shares during the last quarter. LM Asset Management Inc. acquired a new position in Vermilion Energy in the 2nd quarter worth about $34,468,381. Aegis Financial Corp raised its position in Vermilion Energy by 27.3% in the second quarter. Aegis Financial Corp now owns 3,260,428 shares of the oil and gas company's stock valued at $30,499,000 after purchasing an additional 700,000 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Vermilion Energy during the first quarter valued at about $31,144,000. Finally, Bank of Nova Scotia acquired a new stake in shares of Vermilion Energy during the second quarter valued at about $15,852,000. Institutional investors own 31.91% of the company's stock.

Vermilion Energy Stock Performance

Shares of VET stock opened at $12.61 on Thursday. The business's 50 day simple moving average is $11.66 and its 200 day simple moving average is $11.75. Vermilion Energy Inc. has a one year low of $7.10 and a one year high of $14.82. The stock has a market capitalization of $1.93 billion, a PE ratio of -5.97 and a beta of 0.33. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.00 and a quick ratio of 0.90.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last released its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.57. Vermilion Energy had a negative net margin of 22.48% and a positive return on equity of 5.26%. The firm had revenue of $390.53 million during the quarter, compared to analyst estimates of $330.39 million.

Vermilion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a $0.135 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.54 annualized dividend and a yield of 4.3%. Vermilion Energy's payout ratio is presently -18.48%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on VET shares. TD Securities reaffirmed a "buy" rating on shares of Vermilion Energy in a research note on Friday, July 31st. Weiss Ratings raised shares of Vermilion Energy from a "sell (d-)" rating to a "sell (d)" rating in a report on Thursday, August 20th. Desjardins upgraded shares of Vermilion Energy to a "hold" rating in a research report on Thursday, July 16th. Zacks Research raised shares of Vermilion Energy from a "strong sell" rating to a "hold" rating in a research note on Monday, June 8th. Finally, Wall Street Zen upgraded shares of Vermilion Energy from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 1st. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $15.00.

Vermilion Energy Profile

Vermilion Energy Inc is an international oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on acquiring, exploring, developing and producing crude oil, natural gas, condensate and natural gas liquids, with an emphasis on operating assets in stable jurisdictions and generating production from conventional and resource plays.

Vermilion's operations have included properties in Canada and the United States, as well as European and other international markets such as France, the Netherlands, Germany, Croatia and Ireland.

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