Connor Clark & Lunn Investment Management Ltd. Invests $12.36 Million in Vermilion Energy Inc. $VET

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,321,785 shares of the oil and gas company's stock, valued at approximately $12,357,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.86% of Vermilion Energy as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in Vermilion Energy by 251.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company's stock valued at $33,000 after buying an additional 1,714 shares during the period. Tower Research Capital LLC TRC grew its holdings in Vermilion Energy by 178.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company's stock worth $47,000 after acquiring an additional 4,136 shares during the period. State of Wyoming grew its holdings in Vermilion Energy by 24.3% during the 4th quarter. State of Wyoming now owns 8,929 shares of the oil and gas company's stock worth $74,000 after acquiring an additional 1,747 shares during the period. LPL Financial LLC bought a new position in shares of Vermilion Energy in the 4th quarter worth about $92,000. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of Vermilion Energy by 12.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company's stock worth $99,000 after acquiring an additional 1,289 shares in the last quarter. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Vermilion Energy Trading Down 2.5%

VET opened at $12.22 on Wednesday. The company has a fifty day moving average price of $10.51 and a two-hundred day moving average price of $11.45. Vermilion Energy Inc. has a 1-year low of $7.10 and a 1-year high of $14.82. The company has a market cap of $1.87 billion, a P/E ratio of -5.79 and a beta of 0.30. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.63.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last released its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.57. The company had revenue of $390.53 million for the quarter, compared to analysts' expectations of $330.39 million. Vermilion Energy had a negative net margin of 22.48% and a positive return on equity of 5.26%.

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 dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Vermilion Energy's dividend payout ratio is -18.48%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Royal Bank Of Canada reissued a "sector perform" rating on shares of Vermilion Energy in a research note on Tuesday, May 19th. Weiss Ratings upgraded Vermilion Energy from a "sell (d-)" rating to a "sell (d)" rating in a report on Thursday, August 20th. Zacks Research raised Vermilion Energy from a "strong sell" rating to a "hold" rating in a research note on Monday, June 8th. Desjardins upgraded Vermilion Energy to a "hold" rating in a report on Thursday, July 16th. Finally, TD Securities restated a "buy" rating on shares of Vermilion Energy in a report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Vermilion Energy has an average rating of "Hold" and an average price target of $15.00.

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).

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