Connor Clark & Lunn Investment Management Ltd. Purchases 417,200 Shares of Vermilion Energy Inc. $VET

Connor Clark & Lunn Investment Management Ltd. grew its position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 59.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,117,100 shares of the oil and gas company’s stock after acquiring an additional 417,200 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Vermilion Energy were worth $8,159,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of Vermilion Energy by 24.2% in the first quarter. Envestnet Asset Management Inc. now owns 123,397 shares of the oil and gas company’s stock valued at $1,000,000 after purchasing an additional 24,079 shares in the last quarter. Y Intercept Hong Kong Ltd increased its holdings in Vermilion Energy by 45.2% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 21,007 shares of the oil and gas company’s stock valued at $170,000 after buying an additional 6,538 shares during the period. Lincluden Management Ltd. raised its stake in shares of Vermilion Energy by 4.3% in the 1st quarter. Lincluden Management Ltd. now owns 284,571 shares of the oil and gas company’s stock valued at $2,304,000 after buying an additional 11,708 shares in the last quarter. Royce & Associates LP raised its stake in shares of Vermilion Energy by 4.5% in the 1st quarter. Royce & Associates LP now owns 959,630 shares of the oil and gas company’s stock valued at $7,769,000 after buying an additional 41,390 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Vermilion Energy by 5.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 135,600 shares of the oil and gas company’s stock worth $1,098,000 after acquiring an additional 6,518 shares during the period. Institutional investors and hedge funds own 31.91% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Scotiabank reissued a “sector perform” rating on shares of Vermilion Energy in a research note on Thursday, October 9th. Desjardins downgraded Vermilion Energy from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 16th. TD Securities reissued a “buy” rating on shares of Vermilion Energy in a report on Tuesday, September 30th. Wall Street Zen upgraded Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Vermilion Energy in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Vermilion Energy Trading Down 2.7%

VET stock opened at $8.84 on Thursday. The business has a fifty day moving average price of $7.78 and a 200 day moving average price of $7.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.94 and a quick ratio of 1.84. Vermilion Energy Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $10.85. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of -10.16 and a beta of 1.13.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its earnings results on Wednesday, November 5th. The oil and gas company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.06). Vermilion Energy had a positive return on equity of 0.17% and a negative net margin of 9.29%.The business had revenue of $337.28 million for the quarter, compared to the consensus estimate of $373.83 million. Analysts expect that Vermilion Energy Inc. will post 0.22 EPS for the current fiscal year.

Vermilion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.52 dividend on an annualized basis and a yield of 5.9%. Vermilion Energy’s dividend payout ratio is currently -33.64%.

Vermilion Energy Company 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.