1,336,500 Shares of Vermilion Energy Inc. $VET Bought by Canoe Financial LP

Canoe Financial LP bought a new stake in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,336,500 shares of the oil and gas company's stock, valued at approximately $15,517,000. Canoe Financial LP owned approximately 0.88% of Vermilion Energy at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in 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 buying an additional 1,487,870 shares in the last quarter. LM Asset Management Inc. acquired a new stake in Vermilion Energy during the second quarter valued at $34,468,381. Aegis Financial Corp grew its stake in Vermilion Energy by 27.3% in the second quarter. Aegis Financial Corp now owns 3,260,428 shares of the oil and gas company's stock valued at $30,499,000 after purchasing an additional 700,000 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Vermilion Energy in the first quarter valued at about $31,144,000. Finally, Bank of Nova Scotia purchased a new position in Vermilion Energy in the second quarter valued at about $15,852,000. Institutional investors and hedge funds own 31.91% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in 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. Canadian Imperial Bank of Commerce reissued a "neutral" rating on shares of Vermilion Energy in a research note on Friday, October 9th. Weiss Ratings downgraded Vermilion Energy from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, October 8th. TD Securities restated a "buy" rating on shares of Vermilion Energy in a report on Friday, July 31st. Finally, Desjardins raised shares of Vermilion Energy to a "hold" rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.00.

Vermilion Energy Stock Performance

Shares of NYSE VET opened at $13.54 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 1.00. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -6.41 and a beta of 0.58. The business's 50-day simple moving average is $12.41 and its 200-day simple moving average is $11.69. Vermilion Energy Inc. has a 52 week low of $7.20 and a 52 week high of $14.82.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last issued its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.57. The business had revenue of $390.53 million for the quarter, compared to the consensus estimate 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were issued a dividend of C$0.14 per share. This represents a $0.54 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, September 15th. Vermilion Energy's dividend payout ratio is currently -18.48%.

Vermilion Energy Company Profile

Vermilion Energy Inc is a Canadian-based international oil and natural gas producer headquartered in Calgary, Alberta. Founded in 1994, the company explores for, develops, and produces crude oil, condensate, natural gas liquids, and natural gas.

Vermilion operates a geographically diversified portfolio of assets in North America and Europe, with activities in Canada, the United States, France, the Netherlands, Germany, and Croatia. Its production includes conventional and unconventional oil and gas, with operations focused on developing reserves and supplying energy to regional and international markets.

The company's shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.

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