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

Flax Pond Capital LLC purchased a new stake in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 288,700 shares of the oil and gas company’s stock, valued at approximately $2,408,000. Vermilion Energy accounts for about 1.8% of Flax Pond Capital LLC’s portfolio, making the stock its 27th largest position.

Several other institutional investors have also modified their holdings of the company. Millennium Management LLC grew its holdings in shares of Vermilion Energy by 4.6% in the 3rd quarter. Millennium Management LLC now owns 8,214,261 shares of the oil and gas company’s stock worth $64,161,000 after acquiring an additional 359,878 shares during the period. Ameriprise Financial Inc. boosted its position in Vermilion Energy by 22.7% during the third quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock worth $58,745,000 after purchasing an additional 1,388,489 shares in the last quarter. Vanguard Group Inc. boosted its position in Vermilion Energy by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 6,731,403 shares of the oil and gas company’s stock worth $56,005,000 after purchasing an additional 73,242 shares in the last quarter. UBS Group AG boosted its position in Vermilion Energy by 118.2% during the fourth quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock worth $46,645,000 after purchasing an additional 3,029,328 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Vermilion Energy by 19.5% in the third quarter. American Century Companies Inc. now owns 3,863,101 shares of the oil and gas company’s stock valued at $30,173,000 after purchasing an additional 631,655 shares during the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on VET. Weiss Ratings upgraded Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 22nd. Zacks Research upgraded shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Royal Bank Of Canada restated a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, May 19th. ATB Cormark Capital Markets raised Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Friday, March 27th. Finally, TD Securities reiterated a “hold” rating on shares of Vermilion Energy in a research report on Thursday, March 5th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.00.

Vermilion Energy Stock Down 0.4%

Shares of NYSE VET opened at $9.79 on Friday. Vermilion Energy Inc. has a 1 year low of $7.00 and a 1 year high of $14.82. The firm’s 50 day moving average price is $11.98 and its 200 day moving average price is $10.84. The firm has a market cap of $1.50 billion, a P/E ratio of -2.56 and a beta of 0.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.63.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $368.66 million. As a group, sell-side analysts anticipate that Vermilion Energy Inc. will post 0.54 earnings per share for the current year.

Vermilion Energy Announces Dividend

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

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).