Royce & Associates LP Purchases 41,390 Shares of Vermilion Energy Inc. (NYSE:VET)

Key Points

• Royce & Associates LP has increased its stake in Vermilion Energy Inc. by 4.5%, owning approximately 0.62% of the company valued at $7.77 million after acquiring an additional 41,390 shares.
• Vermilion Energy reported a Q1 EPS of $0.07, missing analysts' expectations of $0.17, and had revenues of $395.26 million, considerably below the anticipated $569 million.
• The company announced a dividend of $0.13 per share despite having a negative payout ratio of -237.50%, indicating potential financial strain.

Royce & Associates LP lifted its holdings in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 4.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 959,630 shares of the oil and gas company's stock after purchasing an additional 41,390 shares during the period. Royce & Associates LP owned about 0.62% of Vermilion Energy worth $7,769,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in VET. Northern Trust Corp bought a new position in shares of Vermilion Energy during the 4th quarter valued at $94,000. Hsbc Holdings PLC purchased a new stake in Vermilion Energy during the 4th quarter valued at $104,000. Renaissance Technologies LLC purchased a new stake in Vermilion Energy during the 4th quarter valued at $114,000. Bayesian Capital Management LP purchased a new stake in Vermilion Energy during the 4th quarter valued at $114,000. Finally, Diametric Capital LP purchased a new stake in Vermilion Energy during the 4th quarter valued at $119,000. Institutional investors own 31.91% of the company's stock.

Vermilion Energy Trading Down 1.6%

Shares of NYSE:VET traded down $0.14 on Friday, hitting $8.33. The company had a trading volume of 683,800 shares, compared to its average volume of 909,173. The firm's 50-day simple moving average is $7.45 and its two-hundred day simple moving average is $7.78. Vermilion Energy Inc. has a 1 year low of $5.14 and a 1 year high of $10.85. The company has a quick ratio of 0.64, a current ratio of 0.71 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -52.03 and a beta of 1.16.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last posted its earnings results on Wednesday, May 7th. The oil and gas company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.10). Vermilion Energy had a negative return on equity of 1.22% and a negative net margin of 1.71%. The company had revenue of $395.26 million during the quarter, compared to analysts' expectations of $569.00 million. Equities 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 announced a dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were given a $0.13 dividend. The ex-dividend date was Monday, June 30th. This represents a dividend yield of 4.66%. Vermilion Energy's dividend payout ratio is -237.50%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on VET shares. National Bankshares reissued an "outperform" rating on shares of Vermilion Energy in a research report on Friday, April 25th. Desjardins raised shares of Vermilion Energy from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold".

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.