Aegis Financial Corp Grows Position in Vermilion Energy Inc. $VET

Aegis Financial Corp grew its holdings in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 67.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 870,492 shares of the oil and gas company’s stock after purchasing an additional 350,000 shares during the quarter. Vermilion Energy comprises approximately 2.6% of Aegis Financial Corp’s portfolio, making the stock its 12th biggest holding. Aegis Financial Corp owned 0.57% of Vermilion Energy worth $6,801,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Vontobel Holding Ltd. lifted its stake in shares of Vermilion Energy by 134.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 217,000 shares of the oil and gas company’s stock valued at $1,695,000 after buying an additional 124,500 shares in the last quarter. ARGA Investment Management LP raised its holdings in Vermilion Energy by 138.9% during the 3rd quarter. ARGA Investment Management LP now owns 105,369 shares of the oil and gas company’s stock valued at $823,000 after acquiring an additional 61,272 shares during the period. Mackenzie Financial Corp lifted its position in shares of Vermilion Energy by 317.5% during the second quarter. Mackenzie Financial Corp now owns 1,974,742 shares of the oil and gas company’s stock worth $14,423,000 after acquiring an additional 1,501,741 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Vermilion Energy by 14.1% in the second quarter. American Century Companies Inc. now owns 3,231,446 shares of the oil and gas company’s stock worth $23,588,000 after acquiring an additional 398,617 shares during the period. Finally, Pekin Hardy Strauss Inc. boosted its holdings in shares of Vermilion Energy by 385.4% in the second quarter. Pekin Hardy Strauss Inc. now owns 95,875 shares of the oil and gas company’s stock worth $699,000 after acquiring an additional 76,125 shares during the period. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VET. BMO Capital Markets reissued a “market perform” rating on shares of Vermilion Energy in a report on Thursday, December 11th. Wall Street Zen upgraded Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. TD Securities restated a “buy” rating on shares of Vermilion Energy in a research report on Thursday, December 11th. Zacks Research raised shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vermilion Energy in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Vermilion Energy has an average rating of “Hold”.

Vermilion Energy Price Performance

Shares of NYSE:VET opened at $10.62 on Friday. The company’s fifty day moving average price is $9.25 and its 200-day moving average price is $8.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.81 and a quick ratio of 0.71. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of -9.65 and a beta of 0.69. Vermilion Energy Inc. has a one year low of $5.14 and a one year high of $10.92.

Vermilion Energy 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).