Vermilion Energy Inc. $VET Shares Bought by Aegis Financial Corp

Key Points

• Aegis Financial increased its Vermilion Energy stake by 27.3% in the second quarter, adding 700,000 shares to own 3.26 million shares worth approximately $30.5 million. Institutional investors and hedge funds now hold 31.91% of the company.
• Vermilion Energy reported quarterly EPS of $0.62, significantly above the $0.05 consensus estimate, while revenue of $390.5 million also exceeded expectations.
• The company declared a quarterly dividend of $0.135 per share, equivalent to an annualized $0.54 payout and a 4.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $15.00.

Aegis Financial Corp lifted its holdings in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 27.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,260,428 shares of the oil and gas company's stock after acquiring an additional 700,000 shares during the period. Vermilion Energy makes up about 4.8% of Aegis Financial Corp's investment portfolio, making the stock its 7th biggest position. Aegis Financial Corp owned 2.13% of Vermilion Energy worth $30,499,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in shares of Vermilion Energy by 251.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company's stock valued at $33,000 after purchasing an additional 1,714 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Vermilion Energy by 178.7% during the second quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 4,136 shares during the period. State of Wyoming boosted its stake in shares of Vermilion Energy by 24.3% in the 4th quarter. State of Wyoming now owns 8,929 shares of the oil and gas company's stock valued at $74,000 after purchasing an additional 1,747 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Vermilion Energy in the 4th quarter valued at $92,000. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of Vermilion Energy by 12.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company's stock worth $99,000 after purchasing an additional 1,289 shares during the last quarter. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Vermilion Energy Stock Down 1.8%

NYSE:VET opened at $12.48 on Friday. The stock's fifty day moving average price is $10.67 and its two-hundred day moving average price is $11.49. Vermilion Energy Inc. has a 52-week low of $7.10 and a 52-week high of $14.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 1.00. The company has a market cap of $1.91 billion, a price-to-earnings ratio of -5.91 and a beta of 0.30.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last posted its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.57. Vermilion Energy had a positive return on equity of 5.26% and a negative net margin of 22.48%.The business had revenue of $390.53 million for the quarter, compared to analysts' expectations of $330.39 million.

Vermilion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Tuesday, September 15th. Vermilion Energy's dividend payout ratio is currently -18.48%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Desjardins upgraded shares of Vermilion Energy to a "hold" rating in a research note on Thursday, July 16th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Vermilion Energy in a report on Tuesday, May 19th. TD Securities reiterated a "buy" rating on shares of Vermilion Energy in a research report on Friday, July 31st. Wall Street Zen upgraded Vermilion Energy from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 1st. Finally, Weiss Ratings upgraded Vermilion Energy from a "sell (d-)" rating to a "sell (d)" rating in a report on Thursday, August 20th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $15.00.

Vermilion Energy Company Profile

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion's upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion's product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).

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