Man Group plc Makes New $8.04 Million Investment in Vermilion Energy Inc. $VET

Man Group plc purchased a new position in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 857,940 shares of the oil and gas company’s stock, valued at approximately $8,039,000. Man Group plc owned approximately 0.56% of Vermilion Energy at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. bought a new position in Vermilion Energy in the fourth quarter worth about $2,656,000. UBS Group AG grew its holdings in shares of Vermilion Energy by 118.2% during 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 period. First Trust Advisors LP grew its holdings in shares of Vermilion Energy by 36.6% during the 1st quarter. First Trust Advisors LP now owns 947,444 shares of the oil and gas company’s stock worth $13,056,000 after acquiring an additional 253,681 shares during the period. Lazard Asset Management LLC raised 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 worth $20,867,000 after acquiring an additional 1,495,008 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Vermilion Energy by 44.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,870,457 shares of the oil and gas company’s stock worth $67,114,000 after acquiring an additional 1,487,870 shares in the last quarter. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on VET shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, May 19th. Weiss Ratings upgraded shares of Vermilion Energy from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, August 20th. Zacks Research upgraded shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Wall Street Zen raised shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Finally, TD Securities reiterated a “buy” rating on shares of Vermilion Energy in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $15.00.

Vermilion Energy Stock Down 1.8%

VET stock opened at $12.48 on Friday. Vermilion Energy Inc. has a twelve month low of $7.10 and a twelve month high of $14.82. 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 firm has a market cap of $1.91 billion, a PE ratio of -5.91 and a beta of 0.30. The business has a 50 day moving average of $10.67 and a 200 day moving average of $11.49.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its earnings results on Wednesday, July 29th. The oil and gas company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.05 by $0.57. Vermilion Energy had a positive return on equity of 5.26% and a negative net margin of 22.48%.The business had revenue of $390.53 million for the quarter, compared to the consensus estimate of $330.39 million.

Vermilion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be paid a $0.135 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.54 dividend on an annualized basis and a yield of 4.3%. Vermilion Energy’s payout ratio is presently -18.48%.

About Vermilion Energy

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).