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

Drum Hill Capital LLC lifted its stake in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 130.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 310,128 shares of the oil and gas company's stock after purchasing an additional 175,631 shares during the period. Vermilion Energy makes up about 2.9% of Drum Hill Capital LLC's investment portfolio, making the stock its 13th biggest position. Drum Hill Capital LLC owned approximately 0.20% of Vermilion Energy worth $2,512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of VET. LM Asset IM Inc. bought a new stake in shares of Vermilion Energy during the fourth quarter worth approximately $18,806,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Vermilion Energy during the fourth quarter worth approximately $10,866,000. Millennium Management LLC raised its stake in shares of Vermilion Energy by 14.5% during the fourth quarter. Millennium Management LLC now owns 7,293,449 shares of the oil and gas company's stock worth $68,608,000 after buying an additional 921,230 shares during the last quarter. Royce & Associates LP raised its stake in shares of Vermilion Energy by 49.3% during the fourth quarter. Royce & Associates LP now owns 918,240 shares of the oil and gas company's stock worth $8,643,000 after buying an additional 303,370 shares during the last quarter. Finally, Intact Investment Management Inc. raised its stake in shares of Vermilion Energy by 76.9% during the first quarter. Intact Investment Management Inc. now owns 680,000 shares of the oil and gas company's stock worth $5,506,000 after buying an additional 295,500 shares during the last quarter. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Vermilion Energy Trading Down 1.5%

NYSE:VET traded down $0.12 during trading hours on Friday, hitting $7.53. The stock had a trading volume of 483,307 shares, compared to its average volume of 1,252,697. Vermilion Energy Inc. has a one year low of $5.14 and a one year high of $11.48. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.64 and a current ratio of 0.71. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -47.03 and a beta of 1.16. The business's 50 day moving average is $7.02 and its 200-day moving average is $7.93.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last issued its 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 firm had revenue of $395.26 million during the quarter, compared to the consensus estimate of $569.00 million. Sell-side analysts anticipate that Vermilion Energy Inc. will post 0.22 EPS for the current fiscal year.

Vermilion Energy Cuts Dividend

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

Analyst Upgrades and Downgrades

VET has been the subject of a number of recent research reports. National Bankshares reissued an "outperform" rating on shares of Vermilion Energy in a research note on Friday, April 25th. Desjardins raised shares of Vermilion Energy from a "hold" rating to a "buy" rating in a research note on Thursday, June 5th. Finally, Wall Street Zen downgraded shares of Vermilion Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Vermilion Energy presently has a consensus rating of "Hold".

About Vermilion Energy

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.