Connor Clark & Lunn Investment Management Ltd. Makes New Investment in Vermilion Energy Inc. (NYSE:VET)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 81,000 shares of the oil and gas company's stock, valued at approximately $761,000. Connor Clark & Lunn Investment Management Ltd. owned 0.05% of Vermilion Energy as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Citizens Financial Group Inc. RI acquired a new position in shares of Vermilion Energy in the fourth quarter valued at about $103,000. Amundi grew its position in shares of Vermilion Energy by 74.0% during the 4th quarter. Amundi now owns 11,020 shares of the oil and gas company's stock worth $104,000 after purchasing an additional 4,685 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Vermilion Energy by 1,123.6% during the fourth quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company's stock worth $41,000 after purchasing an additional 4,000 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Vermilion Energy by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 661,284 shares of the oil and gas company's stock valued at $6,221,000 after buying an additional 40,622 shares during the period. Finally, Drum Hill Capital LLC bought a new stake in shares of Vermilion Energy in the fourth quarter valued at approximately $1,264,000. Institutional investors and hedge funds own 31.91% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Desjardins cut Vermilion Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, March 18th. StockNews.com downgraded Vermilion Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Finally, Atb Cap Markets downgraded shares of Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold".

Vermilion Energy Price Performance

NYSE VET traded up $0.01 on Tuesday, hitting $8.29. 788,187 shares of the company's stock were exchanged, compared to its average volume of 1,111,229. The stock has a 50-day moving average of $8.87 and a 200-day moving average of $9.42. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -2.22 and a beta of 1.91. Vermilion Energy Inc. has a 52 week low of $7.09 and a 52 week high of $12.79. The company has a current ratio of 1.25, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.0903 per share. This is an increase from Vermilion Energy's previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.36 annualized dividend and a yield of 4.36%. Vermilion Energy's payout ratio is presently -163.64%.

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.