Clear Harbor Asset Management LLC Makes New $1.25 Million Investment in Vermilion Energy Inc. $VET

Key Points

• Clear Harbor Asset Management acquired 133,511 Vermilion Energy shares worth approximately $1.25 million, giving it a 0.09% stake. Institutional investors collectively own 31.91% of the company.
• Vermilion reported quarterly earnings of $0.62 per share, significantly above the $0.05 consensus estimate, while revenue of $390.53 million also exceeded expectations.
• The company declared a quarterly dividend of $0.135 per share, or $0.54 annualized, representing a 4.2% yield. Analysts maintain a consensus “Hold” rating with a $15 target price.

Clear Harbor Asset Management LLC acquired a new position in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 133,511 shares of the oil and gas company's stock, valued at approximately $1,249,000. Clear Harbor Asset Management LLC owned approximately 0.09% of Vermilion Energy at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of VET. Bank of Nova Scotia bought a new stake in Vermilion Energy during the 2nd quarter worth approximately $15,852,000. Quantbot Technologies LP acquired a new stake in Vermilion Energy during the 2nd quarter valued at $1,283,000. LM Asset Management Inc. bought a new position in Vermilion Energy in the 2nd quarter valued at $34,468,381,000. Deutsche Bank AG bought a new position in Vermilion Energy in the 2nd quarter valued at $328,000. Finally, Alberta Investment Management Corp acquired a new position in Vermilion Energy in the second quarter worth $383,000. Institutional investors own 31.91% of the company's stock.

Vermilion Energy Stock Performance

VET opened at $12.73 on Friday. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of -6.03 and a beta of 0.30. The business's 50-day moving average price is $10.44 and its two-hundred day moving average price is $11.40. Vermilion Energy Inc. has a 1 year low of $7.10 and a 1 year high of $14.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.00 and a quick ratio of 0.90.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last posted its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.57. The company had revenue of $390.53 million during the quarter, compared to analysts' expectations 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 declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders 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 dividend on an annualized basis and a yield of 4.2%. Vermilion Energy's dividend payout ratio is -18.48%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on VET shares. Royal Bank Of Canada restated a "sector perform" rating on shares of Vermilion Energy in a report on Tuesday, May 19th. Desjardins raised Vermilion Energy to a "hold" rating in a report on Thursday, July 16th. Zacks Research upgraded shares of Vermilion Energy from a "strong sell" rating to a "hold" rating in a research report on Monday, June 8th. TD Securities reissued a "buy" rating on shares of Vermilion Energy in a report on Friday, July 31st. Finally, Wall Street Zen upgraded shares of Vermilion Energy from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 1st. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus 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).

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