Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 764.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 699,900 shares of the oil and gas company's stock after buying an additional 618,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.45% of Vermilion Energy worth $5,667,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Vermilion Energy by 6.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 701,870 shares of the oil and gas company's stock valued at $5,681,000 after acquiring an additional 40,586 shares during the last quarter. Vanguard Group Inc. raised its stake in Vermilion Energy by 5.7% in the first quarter. Vanguard Group Inc. now owns 6,412,741 shares of the oil and gas company's stock worth $51,918,000 after buying an additional 346,678 shares in the last quarter. Bank of Nova Scotia raised its stake in Vermilion Energy by 0.4% in the first quarter. Bank of Nova Scotia now owns 2,234,437 shares of the oil and gas company's stock worth $18,092,000 after buying an additional 8,154 shares in the last quarter. XTX Topco Ltd bought a new position in Vermilion Energy in the first quarter worth about $176,000. Finally, Mackenzie Financial Corp raised its stake in Vermilion Energy by 472.0% in the first quarter. Mackenzie Financial Corp now owns 473,001 shares of the oil and gas company's stock worth $3,829,000 after buying an additional 390,310 shares in the last quarter. 31.91% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. Desjardins raised shares of Vermilion Energy from a "hold" rating to a "buy" rating in a research note on Thursday, June 5th. National Bankshares reissued an "outperform" rating on shares of Vermilion Energy in a research note on Friday, April 25th. BMO Capital Markets reissued a "market perform" rating on shares of Vermilion Energy in a research note on Friday, August 8th. Finally, Wall Street Zen downgraded shares of Vermilion Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold".
View Our Latest Research Report on Vermilion Energy
Vermilion Energy Stock Down 1.5%
VET traded down $0.11 during midday trading on Friday, reaching $7.21. The company's stock had a trading volume of 602,669 shares, compared to its average volume of 941,438. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -8.29 and a beta of 1.22. The company has a current ratio of 1.94, a quick ratio of 0.64 and a debt-to-equity ratio of 0.74. Vermilion Energy Inc. has a 1 year low of $5.14 and a 1 year high of $10.85. The stock's 50-day moving average is $7.80 and its 200-day moving average is $7.55.
Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last announced its quarterly earnings data on Thursday, August 7th. The oil and gas company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.14). The business had revenue of $392.33 million during the quarter, compared to analysts' expectations of $562.50 million. Vermilion Energy had a positive return on equity of 0.17% and a negative net margin of 9.29%. As a group, research analysts expect that Vermilion Energy Inc. will post 0.22 EPS for the current year.
Vermilion Energy Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were issued a $0.13 dividend. This represents a yield of 466.0%. The ex-dividend date was Monday, June 30th. Vermilion Energy's dividend payout ratio is -43.68%.
About Vermilion Energy
(
Free Report)
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.
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