Clear Harbor Asset Management LLC Increases Stock Holdings in Vermilion Energy Inc. (NYSE:VET)

Clear Harbor Asset Management LLC raised its position in Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 149,129 shares of the oil and gas company’s stock after buying an additional 4,702 shares during the period. Clear Harbor Asset Management LLC owned about 0.10% of Vermilion Energy worth $1,457,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in Vermilion Energy by 2,569.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 3,674 shares during the last quarter. HBK Sorce Advisory LLC acquired a new stake in shares of Vermilion Energy in the first quarter valued at approximately $127,000. Marshall Wace LLP purchased a new position in Vermilion Energy during the second quarter worth approximately $122,000. Bank of Nova Scotia Trust Co. boosted its stake in Vermilion Energy by 15.8% during the first quarter. Bank of Nova Scotia Trust Co. now owns 11,650 shares of the oil and gas company’s stock worth $145,000 after buying an additional 1,593 shares during the last quarter. Finally, Net Worth Advisory Group acquired a new position in Vermilion Energy during the third quarter worth $115,000. 31.91% of the stock is owned by institutional investors and hedge funds.

Vermilion Energy Stock Performance

Vermilion Energy stock opened at $9.92 on Friday. The firm has a 50 day simple moving average of $9.82 and a 200-day simple moving average of $10.80. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of -2.66 and a beta of 1.99. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.09 and a quick ratio of 1.02. Vermilion Energy Inc. has a 1-year low of $8.70 and a 1-year high of $14.81.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings data on Wednesday, July 31st. The oil and gas company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.69). Vermilion Energy had a positive return on equity of 5.99% and a negative net margin of 41.33%. The business had revenue of $350.04 million during the quarter, compared to analysts’ expectations of $376.54 million. On average, analysts expect that Vermilion Energy Inc. will post 0.34 EPS for the current year.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were issued a $0.088 dividend. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.09. This represents a $0.35 annualized dividend and a yield of 3.55%. The ex-dividend date was Friday, September 27th. Vermilion Energy’s payout ratio is -9.65%.

Analyst Ratings Changes

Separately, BMO Capital Markets lowered Vermilion Energy from an “outperform” rating to a “market perform” rating in a report on Friday, October 4th.

About Vermilion Energy

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.