Connor Clark & Lunn Investment Management Ltd. decreased its position in Vermilion Energy Inc (NYSE:VET) (TSE:VET) by 25.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,525,517 shares of the oil and gas company’s stock after selling 512,841 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Vermilion Energy were worth $37,671,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Proficio Capital Partners LLC grew its holdings in shares of Vermilion Energy by 36.7% in the 4th quarter. Proficio Capital Partners LLC now owns 2,077 shares of the oil and gas company’s stock valued at $44,000 after buying an additional 558 shares during the period. NumerixS Investment Technologies Inc acquired a new position in Vermilion Energy in the 4th quarter worth $45,000. Quadrant Capital Group LLC boosted its stake in Vermilion Energy by 82.8% in the 1st quarter. Quadrant Capital Group LLC now owns 4,933 shares of the oil and gas company’s stock worth $119,000 after purchasing an additional 2,234 shares during the period. Advisor Group Inc. boosted its stake in Vermilion Energy by 21.5% in the 4th quarter. Advisor Group Inc. now owns 7,047 shares of the oil and gas company’s stock worth $148,000 after purchasing an additional 1,248 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co acquired a new position in Vermilion Energy in the 1st quarter worth $206,000. 51.65% of the stock is owned by institutional investors.
Shares of NYSE VET opened at $22.31 on Thursday. The firm has a market capitalization of $3.49 billion, a P/E ratio of 28.97, a P/E/G ratio of 0.86 and a beta of 1.05. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.71 and a quick ratio of 0.67. Vermilion Energy Inc has a 1-year low of $19.43 and a 1-year high of $37.81.
The firm also recently declared a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a dividend of $0.1714 per share. The ex-dividend date is Thursday, May 30th. This represents a $2.06 annualized dividend and a yield of 9.22%. Vermilion Energy’s dividend payout ratio (DPR) is presently 268.83%.
VET has been the subject of a number of research analyst reports. Raymond James reaffirmed a “buy” rating on shares of Vermilion Energy in a research note on Thursday, February 28th. Zacks Investment Research raised shares of Vermilion Energy from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Wednesday. TheStreet raised shares of Vermilion Energy from a “d+” rating to a “c” rating in a research note on Friday, March 22nd. TD Securities lowered shares of Vermilion Energy from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Vermilion Energy in a research note on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Vermilion Energy presently has a consensus rating of “Buy” and a consensus target price of $35.67.
About Vermilion Energy
Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.
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