Aegis Financial Corp Decreases Stock Position in Vermilion Energy Inc. (NYSE:VET)

Key Points

• Aegis Financial Corp significantly reduced its holdings in Vermilion Energy by 85.4% in Q1, leaving it with 43,308 shares, which are now valued at $351,000.
• Vermilion Energy's stock has recently come under pressure, with shares down 3.2% and a current trading price of $7.96, well below its 1-year high of $10.85.
• The company's quarterly earnings fell short of expectations, reporting $0.07 per share against consensus estimates of $0.17, with revenues also below target at $395.26 million.

Aegis Financial Corp reduced its stake in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 85.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,308 shares of the oil and gas company's stock after selling 252,881 shares during the period. Vermilion Energy accounts for 0.3% of Aegis Financial Corp's portfolio, making the stock its 20th biggest holding. Aegis Financial Corp's holdings in Vermilion Energy were worth $351,000 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. Vanguard Group Inc. increased its position in shares of Vermilion Energy by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 6,066,063 shares of the oil and gas company's stock valued at $57,100,000 after purchasing an additional 86,425 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Vermilion Energy by 115.6% during the 4th quarter. JPMorgan Chase & Co. now owns 126,030 shares of the oil and gas company's stock valued at $1,185,000 after purchasing an additional 67,581 shares during the last quarter. Pictet Asset Management Holding SA increased its position in shares of Vermilion Energy by 4.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 27,221 shares of the oil and gas company's stock valued at $256,000 after purchasing an additional 1,179 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Vermilion Energy during the 4th quarter valued at approximately $10,866,000. Finally, Geode Capital Management LLC increased its position in shares of Vermilion Energy by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 80,484 shares of the oil and gas company's stock valued at $765,000 after purchasing an additional 3,668 shares during the last quarter. Institutional investors own 31.91% of the company's stock.

Vermilion Energy Stock Down 0.8%

Shares of VET stock traded down $0.07 during mid-day trading on Wednesday, hitting $7.87. The stock had a trading volume of 784,114 shares, compared to its average volume of 1,288,623. Vermilion Energy Inc. has a 12-month low of $5.14 and a 12-month high of $10.85. The firm has a market capitalization of $1.21 billion, a P/E ratio of -49.16 and a beta of 1.22. The firm's 50-day moving average is $7.70 and its two-hundred day moving average is $7.68. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.71 and a quick ratio of 0.64.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last issued its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.10). The company had revenue of $395.26 million for the quarter, compared to analysts' expectations of $569.00 million. Vermilion Energy had a negative return on equity of 1.22% and a negative net margin of 1.71%. On average, analysts predict that Vermilion Energy Inc. will post 0.22 earnings per share for the current fiscal year.

Vermilion Energy Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were paid a dividend of $0.13 per share. This represents a dividend yield of 466.0%. The ex-dividend date was Monday, June 30th. Vermilion Energy's dividend payout ratio is -237.50%.

Analysts Set New Price Targets

A number of research firms recently issued reports on VET. National Bankshares restated an "outperform" rating on shares of Vermilion Energy in a report on Friday, April 25th. Desjardins upgraded Vermilion Energy from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Vermilion Energy presently has an average rating of "Hold".

About Vermilion Energy

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.