Flax Pond Capital LLC Acquires Shares of 288,700 Vermilion Energy Inc. $VET

Flax Pond Capital LLC bought a new stake in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 288,700 shares of the oil and gas company’s stock, valued at approximately $2,408,000. Vermilion Energy comprises approximately 1.8% of Flax Pond Capital LLC’s holdings, making the stock its 27th largest holding. Flax Pond Capital LLC owned 0.19% of Vermilion Energy at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VET. Tower Research Capital LLC TRC increased its position in 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 lifted its position in Vermilion Energy by 24.3% during the 4th quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock worth $74,000 after acquiring an additional 1,747 shares during the period. LPL Financial LLC acquired a new stake in Vermilion Energy during the 4th quarter worth approximately $92,000. Mercer Global Advisors Inc. ADV grew its stake in shares of Vermilion Energy by 12.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock valued at $99,000 after purchasing an additional 1,289 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of Vermilion Energy in the second quarter valued at approximately $105,000. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Vermilion Energy Stock Performance

Shares of VET stock opened at $9.79 on Friday. The company has a market cap of $1.50 billion, a price-to-earnings ratio of -2.56 and a beta of 0.29. The stock has a 50 day simple moving average of $11.98 and a 200-day simple moving average of $10.84. Vermilion Energy Inc. has a 12-month low of $7.00 and a 12-month high of $14.82. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.89). Vermilion Energy had a negative net margin of 43.49% and a negative return on equity of 2.40%. The business had revenue of $369.04 million during the quarter, compared to analysts’ expectations of $368.66 million. On average, equities analysts forecast that Vermilion Energy Inc. will post 0.54 EPS for the current year.

Vermilion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.54 dividend on an annualized basis and a yield of 5.5%. Vermilion Energy’s dividend payout ratio (DPR) is -10.21%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VET. TD Securities reaffirmed a “hold” rating on shares of Vermilion Energy in a report on Thursday, March 5th. Zacks Research upgraded shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Wall Street Zen raised shares of Vermilion Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded shares of Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 22nd. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Vermilion Energy presently has a consensus rating of “Hold” and a consensus target price of $15.00.

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).