Royal Bank of Canada Has $12.28 Million Stock Holdings in Vermilion Energy Inc. $VET

Key Points

• Royal Bank of Canada increased its stake in Vermilion Energy Inc. by 49.5%
• Vermilion Energy's stock is down 3.0% and reported a quarterly EPS of ($0.20), missing analysts' estimates.
• The company declared a quarterly dividend of $0.13 per share, with a yield of 7.0%, to be paid on October 15th.

Royal Bank of Canada grew its stake in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 49.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,516,673 shares of the oil and gas company's stock after acquiring an additional 502,153 shares during the period. Royal Bank of Canada owned about 0.98% of Vermilion Energy worth $12,284,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Man Group plc lifted its position in shares of Vermilion Energy by 58.4% during the 4th 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. lifted its position in shares of Vermilion Energy by 76.9% during the 1st 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. Vanguard Group Inc. lifted its position in shares of Vermilion Energy by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 6,412,741 shares of the oil and gas company's stock valued at $51,918,000 after acquiring an additional 346,678 shares during the last quarter. Drum Hill Capital LLC lifted its position in shares of Vermilion Energy by 130.6% during the 1st 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. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Vermilion Energy during the 1st quarter valued at $166,000. Institutional investors and hedge funds own 31.91% of the company's stock.

Vermilion Energy Stock Down 0.3%

NYSE:VET traded down $0.03 during trading hours on Wednesday, hitting $7.78. 736,502 shares of the stock traded hands, compared to its average volume of 779,665. The firm has a 50 day moving average price of $7.70 and a 200 day moving average price of $7.31. The company has a current ratio of 1.94, a quick ratio of 1.84 and a debt-to-equity ratio of 0.74. Vermilion Energy Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $10.85. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -8.94 and a beta of 1.27.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last posted its quarterly 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). 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 during the quarter, compared to analyst estimates of $562.50 million. Equities research analysts anticipate that Vermilion Energy Inc. will post 0.22 earnings per share for the current year.

Vermilion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.7%. Vermilion Energy's dividend payout ratio is -42.53%.

Analyst Ratings Changes

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

Vermilion Energy Company 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.