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 holdings in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 5.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,412,741 shares of the oil and gas company's stock after buying an additional 346,678 shares during the quarter. Vanguard Group Inc. owned approximately 4.16% of Vermilion Energy worth $51,918,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Man Group plc boosted its holdings in Vermilion Energy by 58.4% in the fourth quarter. Man Group plc now owns 731,359 shares of the oil and gas company's stock valued at $6,875,000 after acquiring an additional 269,692 shares during the last quarter. Intact Investment Management Inc. boosted its holdings in Vermilion Energy by 76.9% in the first quarter. Intact Investment Management Inc. now owns 680,000 shares of the oil and gas company's stock valued at $5,506,000 after acquiring an additional 295,500 shares during the last quarter. Drum Hill Capital LLC boosted its holdings in Vermilion Energy by 130.6% in the first quarter. Drum Hill Capital LLC now owns 310,128 shares of the oil and gas company's stock valued at $2,512,000 after acquiring an additional 175,631 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Vermilion Energy in the first quarter valued at about $166,000. Finally, LM Asset IM Inc. bought a new position in Vermilion Energy in the fourth quarter valued at about $18,806,000. Institutional investors own 31.91% of the company's stock.

Analysts Set New Price Targets

VET has been the topic of several recent research reports. BMO Capital Markets reiterated a "market perform" rating on shares of Vermilion Energy in a report on Friday, August 8th. Wall Street Zen cut Vermilion Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Desjardins upgraded Vermilion Energy from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Vermilion Energy presently has a consensus rating of "Moderate Buy".

Vermilion Energy Stock Down 0.1%

Shares of NYSE:VET traded down $0.01 during trading on Thursday, hitting $7.68. 682,630 shares of the company's stock traded hands, compared to its average volume of 865,563. Vermilion Energy Inc. has a 52 week low of $5.14 and a 52 week 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 company has a market cap of $1.18 billion, a price-to-earnings ratio of -8.82 and a beta of 1.22. The company has a 50-day moving average price of $7.70 and a 200-day moving average price of $7.45.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last released its quarterly earnings data 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 negative net margin of 9.29% and a positive return on equity of 0.17%. The business had revenue of $392.33 million for the quarter, compared to the consensus estimate of $562.50 million. As a group, research analysts forecast that Vermilion Energy Inc. will post 0.22 EPS for the current fiscal year.

Vermilion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 29th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 6.8%. 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.