Vanguard Group Inc. Has $51.92 Million Stock Holdings in Vermilion Energy Inc. $VET

Key Points

• Vanguard Group Inc. has increased its stake in Vermilion Energy by 5.7% in the first quarter, holding a total of 6,412,741 shares valued at approximately $51.92 million.
• Vermilion Energy reported a loss of ($0.20) EPS for the most recent quarter, missing analysts' expectations and had a revenue of $392.33 million, falling short of forecasts.
• The company also cut its dividend to $0.13, reflecting a significant dividend yield of 466%, while its current ratio stands at 1.94 and debt-to-equity ratio is 0.74.

Vanguard Group Inc. grew its position in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 5.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,412,741 shares of the oil and gas company's stock after purchasing an additional 346,678 shares during the quarter. Vanguard Group Inc. owned about 4.16% of Vermilion Energy worth $51,918,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Nova Scotia grew its position in shares of Vermilion Energy by 0.4% in the first quarter. Bank of Nova Scotia now owns 2,234,437 shares of the oil and gas company's stock valued at $18,092,000 after purchasing an additional 8,154 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Vermilion Energy in the first quarter valued at approximately $176,000. Mackenzie Financial Corp grew its position in shares of Vermilion Energy by 472.0% in the first quarter. Mackenzie Financial Corp now owns 473,001 shares of the oil and gas company's stock valued at $3,829,000 after purchasing an additional 390,310 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Vermilion Energy by 5.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 135,600 shares of the oil and gas company's stock valued at $1,098,000 after purchasing an additional 6,518 shares during the last quarter. Finally, Royce & Associates LP grew its position in shares of Vermilion Energy by 4.5% in the first quarter. Royce & Associates LP now owns 959,630 shares of the oil and gas company's stock valued at $7,769,000 after purchasing an additional 41,390 shares during the last quarter. Institutional investors and hedge funds own 31.91% of the company's stock.

Analyst Upgrades and Downgrades

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

Vermilion Energy Price Performance

NYSE:VET traded down $0.13 during trading hours on Friday, reaching $7.56. 781,340 shares of the company were exchanged, compared to its average volume of 830,570. The company has a market capitalization of $1.16 billion, a P/E ratio of -8.68 and a beta of 1.27. Vermilion Energy Inc. has a 1-year low of $5.14 and a 1-year high of $10.85. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.94 and a quick ratio of 1.84. The business has a 50 day moving average of $7.69 and a 200 day moving average of $7.41.

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 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%. Research analysts forecast that Vermilion Energy Inc. will post 0.22 EPS for the current year.

Vermilion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Monday, September 29th. Vermilion Energy's dividend payout ratio (DPR) is currently -43.68%.

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.