Aegis Financial Corp Purchases 450,000 Shares of Vermilion Energy Inc. $VET

Aegis Financial Corp grew its position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 51.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,320,492 shares of the oil and gas company’s stock after acquiring an additional 450,000 shares during the period. Vermilion Energy comprises about 2.6% of Aegis Financial Corp’s portfolio, making the stock its 14th largest holding. Aegis Financial Corp’s holdings in Vermilion Energy were worth $11,002,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of VET. Tower Research Capital LLC TRC grew its position in shares of Vermilion Energy by 178.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 4,136 shares during the period. State of Wyoming bought a new position in shares of Vermilion Energy in the 3rd quarter valued at about $56,000. LPL Financial LLC bought a new position in shares of Vermilion Energy in the 4th quarter valued at about $92,000. Savant Capital LLC lifted its stake in shares of Vermilion Energy by 14.8% during the 3rd quarter. Savant Capital LLC now owns 12,989 shares of the oil and gas company’s stock worth $102,000 after buying an additional 1,671 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of Vermilion Energy during the 2nd quarter worth about $105,000. Institutional investors own 31.91% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on VET. Weiss Ratings raised shares of Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd. ATB Cormark Capital Markets raised shares of Vermilion Energy from a “hold” rating to a “buy” rating in a report on Friday, March 27th. TD Securities reaffirmed a “hold” rating on shares of Vermilion Energy in a report on Thursday, March 5th. Zacks Research raised shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.00.

Vermilion Energy Price Performance

Shares of Vermilion Energy stock opened at $11.21 on Friday. The company has a 50-day simple moving average of $12.35 and a two-hundred day simple moving average of $10.79. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of -2.93 and a beta of 0.29. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.64. Vermilion Energy Inc. has a twelve month low of $7.00 and a twelve month high of $14.82.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) EPS for the quarter, missing the consensus estimate of $0.22 by ($0.89). The firm had revenue of $369.04 million during the quarter, compared to analyst estimates of $368.66 million. Vermilion Energy had a negative net margin of 43.49% and a negative return on equity of 2.40%. Analysts forecast that Vermilion Energy Inc. will post 0.54 EPS for the current year.

Vermilion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.135 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.54 annualized dividend and a dividend yield of 4.8%. Vermilion Energy’s payout ratio is presently -10.47%.

Vermilion Energy Company 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).