Connor Clark & Lunn Investment Management Ltd. Purchases New Stake in Vermilion Energy Inc. $VET

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,321,785 shares of the oil and gas company’s stock, valued at approximately $12,357,000.

Several other institutional investors have also recently bought and sold shares of VET. Oppenheimer & Co. Inc. acquired a new position in shares of Vermilion Energy during the fourth quarter valued at about $2,656,000. UBS Group AG raised its holdings 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 worth $46,645,000 after acquiring an additional 3,029,328 shares during the last quarter. First Trust Advisors LP lifted its position in Vermilion Energy by 36.6% in the 1st quarter. First Trust Advisors LP now owns 947,444 shares of the oil and gas company’s stock valued at $13,056,000 after acquiring an additional 253,681 shares in the last quarter. Lazard Asset Management LLC lifted its position in 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 acquiring an additional 1,495,008 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Vermilion Energy by 44.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,870,457 shares of the oil and gas company’s stock valued at $67,114,000 after purchasing an additional 1,487,870 shares during the last quarter. Institutional investors and hedge funds own 31.91% of the company’s stock.

Vermilion Energy Price Performance

Vermilion Energy stock opened at $12.22 on Wednesday. Vermilion Energy Inc. has a 52 week low of $7.10 and a 52 week high of $14.82. The company’s 50 day moving average price is $10.51 and its two-hundred day moving average price is $11.45. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 0.63. The stock has a market cap of $1.87 billion, a P/E ratio of -5.79 and a beta of 0.30.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its 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. The company had revenue of $390.53 million during the quarter, compared to analyst estimates of $330.39 million. Vermilion Energy had a positive return on equity of 5.26% and a negative net margin of 22.48%.

Vermilion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.54 annualized dividend and a dividend yield of 4.4%. Vermilion Energy’s dividend payout ratio (DPR) is currently -18.48%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on VET shares. Wall Street Zen raised Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Zacks Research raised 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 note on Tuesday, May 19th. Weiss Ratings raised shares of Vermilion Energy from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, August 20th. Finally, Desjardins upgraded shares of Vermilion Energy to a “hold” rating in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average 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).