Vermilion Energy Inc. $VET Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP has reduced its stake in Vermilion Energy Inc. by 24.9%, holding approximately 271,651 shares valued at $2.20 million as of the latest SEC filing.
• Vermilion Energy reported a loss of $0.20 EPS for the last quarter, which missed analysts' expectations, generating revenue of $392.33 million compared to forecasts of $562.50 million.
• The company will pay a quarterly dividend of $0.13 per share, representing a 6.9% dividend yield, with the ex-dividend date set for September 29th.

Trexquant Investment LP decreased its position in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 24.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 271,651 shares of the oil and gas company's stock after selling 89,910 shares during the period. Trexquant Investment LP owned about 0.18% of Vermilion Energy worth $2,200,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its position in Vermilion Energy by 14.5% during the fourth quarter. Millennium Management LLC now owns 7,293,449 shares of the oil and gas company's stock worth $68,608,000 after purchasing an additional 921,230 shares in the last quarter. Vanguard Group Inc. boosted its position in Vermilion Energy by 5.7% during the first quarter. Vanguard Group Inc. now owns 6,412,741 shares of the oil and gas company's stock worth $51,918,000 after purchasing an additional 346,678 shares in the last quarter. American Century Companies Inc. boosted its position in Vermilion Energy by 19.5% during the first quarter. American Century Companies Inc. now owns 2,832,829 shares of the oil and gas company's stock worth $22,934,000 after purchasing an additional 462,109 shares in the last quarter. Bank of Nova Scotia boosted its position in Vermilion Energy by 0.4% during the first quarter. Bank of Nova Scotia now owns 2,234,437 shares of the oil and gas company's stock worth $18,092,000 after purchasing an additional 8,154 shares in the last quarter. Finally, LM Asset IM Inc. purchased a new position in Vermilion Energy during the fourth quarter worth approximately $18,806,000. Hedge funds and other institutional investors own 31.91% of the company's stock.

Vermilion Energy Price Performance

NYSE VET traded down $0.20 during trading hours on Friday, hitting $7.30. 1,100,164 shares of the company's stock traded hands, compared to its average volume of 791,853. The company has a market capitalization of $1.12 billion, a PE ratio of -8.38 and a beta of 1.27. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.94 and a quick ratio of 1.84. Vermilion Energy Inc. has a 52-week low of $5.14 and a 52-week high of $10.85. The firm's 50-day moving average is $7.69 and its 200-day moving average is $7.37.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last issued its earnings results on Thursday, August 7th. The oil and gas company reported ($0.20) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $392.33 million for the quarter, compared to analyst estimates of $562.50 million. Equities analysts forecast that Vermilion Energy Inc. will post 0.22 EPS for the current fiscal year.

Vermilion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $0.52 annualized dividend and a dividend yield of 7.1%. Vermilion Energy's payout ratio is presently -43.68%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Desjardins upgraded Vermilion Energy from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. Wall Street Zen downgraded Vermilion Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of Vermilion Energy in a research report on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy".

Vermilion Energy 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.