ARGA Investment Management LP Acquires 61,272 Shares of Vermilion Energy Inc. $VET

ARGA Investment Management LP boosted its stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 138.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105,369 shares of the oil and gas company’s stock after purchasing an additional 61,272 shares during the quarter. ARGA Investment Management LP owned about 0.07% of Vermilion Energy worth $823,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of VET. Tower Research Capital LLC TRC increased 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 worth $47,000 after buying an additional 4,136 shares in the last quarter. Blue Trust Inc. lifted 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 acquiring an additional 1,504 shares during the period. Savant Capital LLC bought a new position in shares of Vermilion Energy during the 2nd quarter worth about $82,000. NewEdge Advisors LLC acquired a new stake in Vermilion Energy in the second quarter valued at approximately $105,000. Finally, Vise Technologies Inc. acquired a new stake in Vermilion Energy in the 2nd quarter valued at $157,000. Institutional investors own 31.91% of the company’s stock.

Wall Street Analyst Weigh In

VET has been the topic of several analyst reports. Scotiabank restated a “sector perform” rating on shares of Vermilion Energy in a report on Thursday, October 9th. Wall Street Zen lowered Vermilion Energy from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Desjardins cut shares of 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 report on Thursday, December 11th. Finally, Zacks Research cut Vermilion Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Vermilion Energy currently has an average rating of “Hold”.

Vermilion Energy Price Performance

VET opened at $9.30 on Friday. Vermilion Energy Inc. has a 52-week low of $5.14 and a 52-week high of $10.01. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.71 and a current ratio of 0.81. The company’s 50-day simple moving average is $8.63 and its two-hundred day simple moving average is $8.08. The stock has a market capitalization of $1.42 billion, a P/E ratio of -8.45 and a beta of 0.69.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its earnings results on Wednesday, November 5th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.06). The firm had revenue of $337.28 million during the quarter, compared to analysts’ expectations of $373.83 million. Vermilion Energy had a negative return on equity of 1.90% and a negative net margin of 12.08%. As a group, analysts predict that Vermilion Energy Inc. will post 0.22 EPS for the current year.

Vermilion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a dividend of $0.13 per share. The ex-dividend date was Monday, December 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.6%. Vermilion Energy’s dividend payout ratio (DPR) is presently -33.64%.

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).