Vermilion Energy Inc. $VET Stake Lifted by Aegis Financial Corp

Aegis Financial Corp lifted its stake in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 1,101.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 520,492 shares of the oil and gas company’s stock after acquiring an additional 477,184 shares during the quarter. Vermilion Energy comprises about 2.2% of Aegis Financial Corp’s investment portfolio, making the stock its 12th biggest holding. Aegis Financial Corp owned 0.34% of Vermilion Energy worth $3,792,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in shares of 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 valued at $57,000 after purchasing an additional 1,504 shares during the period. Savant Capital LLC bought a new position in Vermilion Energy during the second quarter valued at about $82,000. FORA Capital LLC acquired a new position in Vermilion Energy during the first quarter worth about $111,000. Everstar Asset Management LLC bought a new stake in Vermilion Energy in the first quarter worth about $122,000. Finally, Northwest & Ethical Investments L.P. raised its position in Vermilion Energy by 48.1% in the first quarter. Northwest & Ethical Investments L.P. now owns 16,671 shares of the oil and gas company’s stock worth $135,000 after acquiring an additional 5,418 shares in the last quarter. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on VET shares. Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research note on Thursday, October 9th. Wall Street Zen upgraded shares of Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Sunday. Desjardins cut Vermilion Energy from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 16th. TD Securities reissued a “buy” rating on shares of Vermilion Energy in a research note on Tuesday, September 30th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Vermilion Energy in a report on Friday, August 8th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

Vermilion Energy Trading Up 2.8%

NYSE VET opened at $8.96 on Friday. 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 1-year low of $5.14 and a 1-year high of $10.85. The firm’s fifty day simple moving average is $7.84 and its 200-day simple moving average is $7.53. The company has a market capitalization of $1.37 billion, a PE ratio of -10.29 and a beta of 1.13.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its earnings results on Wednesday, November 5th. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). Vermilion Energy had a negative net margin of 9.29% and a positive return on equity of 0.17%. The firm had revenue of $337.28 million during the quarter, compared to analysts’ expectations of $373.83 million. As a group, sell-side analysts anticipate that Vermilion Energy Inc. will post 0.22 earnings per share for the current fiscal year.

Vermilion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.13 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.52 dividend on an annualized basis and a yield of 5.8%. Vermilion Energy’s dividend payout ratio is currently -33.64%.

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.