Vermilion Energy Inc. (NYSE:VET) Shares Sold by Penbrook Management LLC

Penbrook Management LLC trimmed its holdings in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 7.8% during the first quarter, Holdings Channel reports. The institutional investor owned 227,800 shares of the oil and gas company’s stock after selling 19,350 shares during the period. Vermilion Energy makes up 1.8% of Penbrook Management LLC’s portfolio, making the stock its 11th biggest holding. Penbrook Management LLC’s holdings in Vermilion Energy were worth $2,835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in VET. Ameriprise Financial Inc. raised its holdings in shares of Vermilion Energy by 10.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,586,946 shares of the oil and gas company’s stock worth $52,441,000 after purchasing an additional 346,826 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of Vermilion Energy by 613.5% in the 4th quarter. Allianz Asset Management GmbH now owns 364,139 shares of the oil and gas company’s stock worth $4,410,000 after purchasing an additional 313,100 shares during the period. Intact Investment Management Inc. raised its holdings in shares of Vermilion Energy by 36.5% in the 4th quarter. Intact Investment Management Inc. now owns 1,147,900 shares of the oil and gas company’s stock worth $13,835,000 after purchasing an additional 307,200 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Vermilion Energy by 10.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,786,251 shares of the oil and gas company’s stock worth $33,602,000 after purchasing an additional 265,611 shares during the period. Finally, DRW Securities LLC purchased a new stake in shares of Vermilion Energy during the 4th quarter valued at about $2,231,000. 31.91% of the stock is owned by institutional investors and hedge funds.

Vermilion Energy Stock Up 1.2 %

Shares of NYSE:VET traded up $0.13 during mid-day trading on Tuesday, hitting $11.15. 966,237 shares of the company traded hands, compared to its average volume of 1,157,861. The firm has a market cap of $1.77 billion, a P/E ratio of -4.03 and a beta of 2.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.11 and a current ratio of 1.16. Vermilion Energy Inc. has a 52-week low of $9.81 and a 52-week high of $15.98. The firm’s 50 day simple moving average is $11.72 and its 200 day simple moving average is $11.62.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings data on Wednesday, May 1st. The oil and gas company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.78). Vermilion Energy had a negative net margin of 30.71% and a positive return on equity of 11.65%. The business had revenue of $376.85 million for the quarter. During the same period in the previous year, the business posted $0.77 EPS. On average, equities analysts anticipate that Vermilion Energy Inc. will post 1.45 EPS for the current year.

Vermilion Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.0872 per share. The ex-dividend date is Friday, June 28th. This represents a $0.35 dividend on an annualized basis and a yield of 3.13%. Vermilion Energy’s dividend payout ratio (DPR) is presently -12.59%.

Wall Street Analyst Weigh In

VET has been the topic of several analyst reports. TD Securities upgraded Vermilion Energy from a “hold” rating to a “buy” rating in a report on Wednesday, March 27th. BMO Capital Markets initiated coverage on Vermilion Energy in a report on Tuesday, May 14th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.00.

Vermilion Energy Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.