Flax Pond Capital LLC Sells 151,000 Shares of Vermilion Energy Inc. $VET

Flax Pond Capital LLC reduced its position in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 52.3% during the 1st quarter, HoldingsChannel reports. The firm owned 137,700 shares of the oil and gas company’s stock after selling 151,000 shares during the period. Vermilion Energy comprises about 1.5% of Flax Pond Capital LLC’s investment portfolio, making the stock its 25th largest holding. Flax Pond Capital LLC’s holdings in Vermilion Energy were worth $1,898,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of VET. Oppenheimer & Co. Inc. bought a new position in shares of Vermilion Energy during the fourth quarter worth $2,656,000. UBS Group AG increased its position in shares of Vermilion Energy by 118.2% in the 4th quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock valued at $46,645,000 after buying an additional 3,029,328 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Vermilion Energy by 7,879.7% in the 1st quarter. Lazard Asset Management LLC now owns 1,513,981 shares of the oil and gas company’s stock valued at $20,867,000 after buying an additional 1,495,008 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Vermilion Energy during the 1st quarter worth $31,144,000. Finally, Aegis Financial Corp raised its stake in Vermilion Energy by 93.9% during the 1st quarter. Aegis Financial Corp now owns 2,560,428 shares of the oil and gas company’s stock worth $35,175,000 after buying an additional 1,239,936 shares during the period. 31.91% of the stock is owned by institutional investors.

Vermilion Energy Stock Performance

Shares of VET opened at $11.49 on Friday. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of -5.44 and a beta of 0.31. Vermilion Energy Inc. has a 12 month low of $7.00 and a 12 month high of $14.82. The firm has a fifty day simple moving average of $10.43 and a 200 day simple moving average of $11.13. 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 issued its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.57. Vermilion Energy had a negative net margin of 22.48% and a positive return on equity of 5.17%. The firm had revenue of $390.53 million for the quarter, compared to analyst estimates of $330.39 million.

Vermilion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be given a $0.135 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.7%. Vermilion Energy’s payout ratio is currently -10.21%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Zacks Research raised Vermilion Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Weiss Ratings lowered Vermilion Energy from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 14th. TD Securities upgraded Vermilion Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Wall Street Zen upgraded Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vermilion Energy currently has a consensus rating of “Hold” and an average target price of $15.00.

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).