Quantbot Technologies LP Grows Position 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 raised its position in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 26.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 200,276 shares of the oil and gas company's stock after purchasing an additional 41,362 shares during the period. Quantbot Technologies LP owned about 0.13% of Vermilion Energy worth $1,622,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Northwest & Ethical Investments L.P. increased its holdings in shares of Vermilion Energy by 48.1% in the first quarter. Northwest & Ethical Investments L.P. now owns 16,671 shares of the oil and gas company's stock valued at $135,000 after purchasing an additional 5,418 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Vermilion Energy by 19.5% during the 1st quarter. American Century Companies Inc. now owns 2,832,829 shares of the oil and gas company's stock worth $22,934,000 after acquiring an additional 462,109 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Vermilion Energy by 5.0% in the 1st quarter. Russell Investments Group Ltd. now owns 167,574 shares of the oil and gas company's stock valued at $1,357,000 after purchasing an additional 8,018 shares during the period. Nuveen LLC acquired a new stake in shares of Vermilion Energy in the 1st quarter valued at about $1,109,000. Finally, Invesco Ltd. raised its stake in shares of Vermilion Energy by 40.1% during the 1st quarter. Invesco Ltd. now owns 106,407 shares of the oil and gas company's stock worth $862,000 after buying an additional 30,468 shares in the last quarter. Hedge funds and other institutional investors own 31.91% of the company's stock.

Wall Street Analyst Weigh In

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

Vermilion Energy Trading Up 1.5%

Shares of Vermilion Energy stock traded up $0.12 during trading on Wednesday, reaching $7.66. The company's stock had a trading volume of 128,966 shares, compared to its average volume of 1,248,860. The firm's 50-day moving average is $7.72 and its two-hundred day moving average is $7.46. Vermilion Energy Inc. has a 52-week low of $5.14 and a 52-week high of $10.85. The company has a quick ratio of 1.84, a current ratio of 1.94 and a debt-to-equity ratio of 0.74. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -8.76 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 the consensus estimate of ($0.06) by ($0.14). The business had revenue of $392.33 million during the quarter, compared to the consensus estimate of $562.50 million. Vermilion Energy had a positive return on equity of 0.17% and a negative net margin of 9.29%. On average, sell-side analysts anticipate that Vermilion Energy Inc. will post 0.22 earnings per share for the current year.

Vermilion Energy Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were issued a $0.13 dividend. This represents a yield of 466.0%. The ex-dividend date was Monday, June 30th. Vermilion Energy's dividend payout ratio is -42.53%.

Vermilion Energy Company 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.