Drum Hill Capital LLC Has $2.51 Million Holdings in Vermilion Energy Inc. (NYSE:VET)

Drum Hill Capital LLC boosted its stake in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 130.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 310,128 shares of the oil and gas company's stock after acquiring an additional 175,631 shares during the period. Vermilion Energy accounts for about 2.9% of Drum Hill Capital LLC's holdings, making the stock its 13th biggest position. Drum Hill Capital LLC owned about 0.20% of Vermilion Energy worth $2,512,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of VET. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Vermilion Energy in the 1st quarter valued at $166,000. Intact Investment Management Inc. increased its stake in Vermilion Energy by 76.9% during the 1st quarter. Intact Investment Management Inc. now owns 680,000 shares of the oil and gas company's stock valued at $5,506,000 after purchasing an additional 295,500 shares in the last quarter. LM Asset IM Inc. purchased a new stake in shares of Vermilion Energy during the 4th quarter valued at about $18,806,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Vermilion Energy by 5.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 209,676 shares of the oil and gas company's stock worth $1,973,000 after buying an additional 10,453 shares during the last quarter. Finally, Voloridge Investment Management LLC lifted its holdings in Vermilion Energy by 38.7% during the fourth quarter. Voloridge Investment Management LLC now owns 937,415 shares of the oil and gas company's stock valued at $8,812,000 after purchasing an additional 261,353 shares in the last quarter. 31.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wall Street Zen cut shares of Vermilion Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. National Bankshares reissued an "outperform" rating on shares of Vermilion Energy in a report on Friday, April 25th. Finally, Desjardins raised Vermilion Energy from a "hold" rating to a "buy" rating in a research note on Thursday, June 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Vermilion Energy currently has a consensus rating of "Hold".

Vermilion Energy Trading Down 1.5%

Shares of NYSE VET traded down $0.12 during mid-day trading on Thursday, hitting $7.53. 483,307 shares of the company were exchanged, compared to its average volume of 1,252,320. Vermilion Energy Inc. has a 1-year low of $5.14 and a 1-year high of $11.48. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.71 and a quick ratio of 0.64. The stock has a 50 day simple moving average of $6.98 and a 200-day simple moving average of $7.96.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last posted its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.10). Vermilion Energy had a negative net margin of 1.71% and a negative return on equity of 1.22%. The business had revenue of $395.26 million during the quarter, compared to analysts' expectations of $569.00 million. Equities analysts predict that Vermilion Energy Inc. will post 0.22 earnings per share for the current fiscal year.

Vermilion Energy Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a dividend yield of 4.66%. Vermilion Energy's payout ratio is -237.50%.

Vermilion Energy Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.