ARGA Investment Management LP Raises Stake in Vermilion Energy Inc. $VET

ARGA Investment Management LP boosted its position in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 138.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 105,369 shares of the oil and gas company’s stock after buying an additional 61,272 shares during the period. ARGA Investment Management LP’s holdings in Vermilion Energy were worth $823,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Ameriprise Financial Inc. lifted its position in shares of Vermilion Energy by 1.1% during the second quarter. Ameriprise Financial Inc. now owns 6,123,629 shares of the oil and gas company’s stock valued at $44,580,000 after buying an additional 68,881 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Vermilion Energy by 14.1% in the 2nd quarter. American Century Companies Inc. now owns 3,231,446 shares of the oil and gas company’s stock valued at $23,588,000 after buying an additional 398,617 shares during the period. LM Asset IM Inc. boosted its position in Vermilion Energy by 14.3% in the 2nd quarter. LM Asset IM Inc. now owns 2,790,000 shares of the oil and gas company’s stock worth $20,327,000 after purchasing an additional 350,000 shares in the last quarter. Mackenzie Financial Corp grew its position in 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 valued at $14,423,000 after buying an additional 1,501,741 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Vermilion Energy by 51.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,630,488 shares of the oil and gas company’s stock valued at $13,207,000 after acquiring an additional 553,281 shares during the period. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Vermilion Energy Price Performance

VET stock opened at $9.30 on Friday. The business’s fifty day moving average price is $8.63 and its 200 day moving average price is $8.08. Vermilion Energy Inc. has a 12-month low of $5.14 and a 12-month high of $10.01. The company has a current ratio of 0.81, a quick ratio of 0.71 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $1.42 billion, a PE ratio of -8.45 and a beta of 0.69.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its earnings results on Wednesday, November 5th. The oil and gas company reported ($0.02) earnings per share 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 analyst estimates of $373.83 million. Vermilion Energy had a negative net margin of 12.08% and a negative return on equity of 1.90%. On average, sell-side analysts anticipate that Vermilion Energy Inc. will post 0.22 EPS for the current year.

Vermilion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued 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 yield of 5.6%. Vermilion Energy’s dividend payout ratio is -33.64%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Desjardins cut shares of Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research report on Thursday, October 16th. BMO Capital Markets reissued a “market perform” rating on shares of Vermilion Energy in a report on Thursday, December 11th. Zacks Research downgraded Vermilion Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Scotiabank reiterated a “sector perform” rating on shares of Vermilion Energy in a research report on Thursday, October 9th. Finally, TD Securities reissued a “buy” rating on shares of Vermilion Energy in a research note on Thursday, December 11th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Vermilion Energy presently has a consensus rating of “Hold”.

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).