Quantbot Technologies LP Grows Stock Holdings in Vermilion Energy Inc. $VET

Key Points

• Quantbot Technologies LP increased its holdings in Vermilion Energy Inc. by 26.0% during the first quarter, now owning 200,276 shares worth approximately $1.62 million.
• Vermilion Energy reported a loss of ($0.20) EPS, missing analysts' expectations, and had revenue of $392.33 million for the quarter, significantly below the consensus estimate.
• The company recently cut its dividend, paying $0.13 per share, which represents a high yield of 466.0% but reflects a negative payout ratio of -43.68%.

Quantbot Technologies LP increased its stake in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 26.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,276 shares of the oil and gas company's stock after acquiring an additional 41,362 shares during the quarter. Quantbot Technologies LP owned about 0.13% of Vermilion Energy worth $1,622,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp acquired a new stake in Vermilion Energy during the 4th quarter worth $94,000. Hsbc Holdings PLC acquired a new stake in Vermilion Energy during the 4th quarter worth $104,000. Bayesian Capital Management LP acquired a new stake in Vermilion Energy during the 4th quarter worth $114,000. Renaissance Technologies LLC acquired a new stake in Vermilion Energy during the 4th quarter worth $114,000. Finally, Cerity Partners LLC acquired a new stake in Vermilion Energy during the 4th quarter worth $122,000. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VET has been the topic of a number of recent research reports. BMO Capital Markets restated a "market perform" rating on shares of Vermilion Energy in a research note on Friday, August 8th. Wall Street Zen lowered shares of Vermilion Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Desjardins upgraded shares of Vermilion Energy from a "hold" rating to a "buy" rating in a research note on Thursday, June 5th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Vermilion Energy Stock Performance

Shares of Vermilion Energy stock traded up $0.3350 on Friday, reaching $7.5950. 932,586 shares of the stock were exchanged, compared to its average volume of 910,941. Vermilion Energy Inc. has a 1-year low of $5.14 and a 1-year high of $10.85. 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 business has a fifty day moving average price of $7.75 and a two-hundred day moving average price of $7.47. The firm has a market capitalization of $1.17 billion, a PE ratio of -8.73 and a beta of 1.22.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last issued its quarterly 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 firm had revenue of $392.33 million for the quarter, compared to analyst estimates of $562.50 million. As a group, research analysts anticipate that Vermilion Energy Inc. will post 0.22 earnings per share for the current fiscal year.

Vermilion Energy Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a yield of 466.0%. Vermilion Energy's payout ratio is currently -43.68%.

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.