PDT Partners LLC Has $148,000 Stock Holdings in Vermilion Energy Inc. $VET

Key Points

• PDT Partners LLC significantly reduced its stake in Vermilion Energy Inc. by 91.4%, now owning only 18,228 shares valued at $148,000.
• Vermilion Energy reported a loss of ($0.20) earnings per share for the recent quarter, missing the consensus estimate, amidst a revenue of $392.33 million.
• The company has announced a quarterly dividend of $0.13 per share, representing a 7.1% dividend yield, with the ex-dividend date on September 29th.

PDT Partners LLC decreased its position in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 91.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,228 shares of the oil and gas company's stock after selling 193,537 shares during the period. PDT Partners LLC's holdings in Vermilion Energy were worth $148,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in VET. Northern Trust Corp acquired a new position in Vermilion Energy in the 4th quarter valued at approximately $94,000. Hsbc Holdings PLC acquired a new position in Vermilion Energy in the 4th quarter valued at approximately $104,000. FORA Capital LLC acquired a new position in Vermilion Energy in the 1st quarter valued at approximately $111,000. Bayesian Capital Management LP acquired a new position in Vermilion Energy in the 4th quarter valued at approximately $114,000. Finally, Northwest & Ethical Investments L.P. raised its holdings in Vermilion Energy by 48.1% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 16,671 shares of the oil and gas company's stock valued at $135,000 after acquiring an additional 5,418 shares in the last quarter. Institutional investors and hedge funds own 31.91% of the company's stock.

Vermilion Energy Price Performance

VET stock traded down $0.23 during midday trading on Thursday, reaching $7.42. 949,300 shares of the company's stock traded hands, compared to its average volume of 738,587. The company has a 50-day simple moving average of $7.69 and a two-hundred day simple moving average of $7.34. Vermilion Energy Inc. has a 1-year low of $5.14 and a 1-year high of $10.85. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -8.53 and a beta of 1.27. 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 announced 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). The business had revenue of $392.33 million during the quarter, compared to analyst estimates of $562.50 million. Vermilion Energy had a negative net margin of 9.29% and a positive return on equity of 0.17%. On average, analysts anticipate that Vermilion Energy Inc. will post 0.22 earnings per share for the current year.

Vermilion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders 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 dividend yield of 7.0%. Vermilion Energy's payout ratio is currently -42.53%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VET shares. Desjardins raised Vermilion Energy from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. Wall Street Zen cut Vermilion Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, BMO Capital Markets reissued a "market perform" rating on shares of Vermilion Energy in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently 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.