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

Connor Clark & Lunn Investment Management Ltd. bought a new position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 81,000 shares of the oil and gas company’s stock, valued at approximately $761,000.

Other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC boosted its stake in Vermilion Energy by 1,123.6% in the 4th 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. Citizens Financial Group Inc. RI bought a new position in Vermilion Energy in the 4th quarter worth about $103,000. Amundi raised its holdings in shares of Vermilion Energy by 74.0% in the 4th quarter. Amundi now owns 11,020 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 4,685 shares in the last quarter. Truist Financial Corp purchased a new stake in shares of Vermilion Energy in the 4th quarter valued at about $119,000. Finally, Blue Trust Inc. raised its holdings in shares of Vermilion Energy by 45.6% in the 4th quarter. Blue Trust Inc. now owns 20,382 shares of the oil and gas company’s stock valued at $199,000 after acquiring an additional 6,386 shares in the last quarter. Institutional investors own 31.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on VET. Desjardins cut Vermilion Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday. StockNews.com cut Vermilion Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Finally, Atb Cap Markets cut Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Vermilion Energy presently has an average rating of “Hold”.

Vermilion Energy Stock Performance

Shares of NYSE VET opened at $8.24 on Friday. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -2.20 and a beta of 1.91. 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 Inc. has a 1-year low of $7.09 and a 1-year high of $12.79. The stock’s 50-day moving average is $8.91 and its 200 day moving average is $9.43.

Vermilion Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.0903 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.39%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. The ex-dividend date is Monday, March 31st. Vermilion Energy’s dividend payout ratio (DPR) is currently -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.