Vermilion Energy Inc. (NYSE:VET) to Issue Quarterly Dividend of C$0.13

Key Points

• Vermilion Energy Inc. has announced a quarterly dividend of C$0.13, set to be paid on October 15th to investors of record as of September 29th.
• The company has a significant dividend payout ratio of -135.7%, indicating reliance on its balance sheet to meet dividend obligations due to insufficient earnings.
• Recent quarterly earnings show a loss of ($0.20) per share, missing analysts' estimates, with revenues significantly below expectations at $392.33 million.

Vermilion Energy Inc. (NYSE:VET - Get Free Report) TSE: VET announced a quarterly dividend on Thursday, August 7th. Investors of record on Monday, September 29th will be paid a dividend of 0.13 per share by the oil and gas company on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, September 29th.

Vermilion Energy has a dividend payout ratio of -135.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Vermilion Energy to earn $0.55 per share next year, which means the company should continue to be able to cover its $0.38 annual dividend with an expected future payout ratio of 69.1%.

Vermilion Energy Stock Performance

Shares of VET opened at $8.56 on Friday. The firm has a market capitalization of $1.31 billion, a PE ratio of -9.83 and a beta of 1.27. The company has a quick ratio of 1.84, a current ratio of 1.94 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average price of $7.73 and a 200 day moving average price of $7.33. Vermilion Energy has a 52-week low of $5.14 and a 52-week high of $10.85.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last issued 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. On average, sell-side analysts anticipate that Vermilion Energy will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of Vermilion Energy

Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its position in shares of Vermilion Energy by 178.7% in the second quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company's stock worth $47,000 after acquiring an additional 4,136 shares in the last quarter. Blue Trust Inc. grew its position in Vermilion Energy by 24.0% during the 2nd quarter. Blue Trust Inc. now owns 7,778 shares of the oil and gas company's stock worth $57,000 after purchasing an additional 1,504 shares in the last quarter. Northern Trust Corp acquired a new stake in Vermilion Energy during the 4th quarter valued at $94,000. Savant Capital LLC purchased a new stake in shares of Vermilion Energy in the second quarter valued at $82,000. Finally, FORA Capital LLC acquired a new stake in shares of Vermilion Energy in the first quarter worth $111,000. 31.91% of the stock is owned by hedge funds and other institutional investors.

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.

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