Lincluden Management Ltd. Has $2.03 Million Holdings in Vermilion Energy Inc. $VET

Lincluden Management Ltd. cut its stake in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 278,465 shares of the oil and gas company’s stock after selling 6,106 shares during the period. Lincluden Management Ltd.’s holdings in Vermilion Energy were worth $2,031,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in shares of Vermilion Energy by 24.0% during the second quarter. Blue Trust Inc. now owns 7,778 shares of the oil and gas company’s stock worth $57,000 after buying an additional 1,504 shares in the last quarter. FORA Capital LLC acquired a new position in shares of Vermilion Energy during the first quarter worth $111,000. Everstar Asset Management LLC acquired a new position in shares of Vermilion Energy during the first quarter worth $122,000. Northwest & Ethical Investments L.P. grew its stake in shares of Vermilion Energy by 48.1% in the first quarter. Northwest & Ethical Investments L.P. now owns 16,671 shares of the oil and gas company’s stock worth $135,000 after purchasing an additional 5,418 shares during the last quarter. Finally, State of Wyoming grew its stake in shares of Vermilion Energy by 14.5% in the first quarter. State of Wyoming now owns 18,920 shares of the oil and gas company’s stock worth $153,000 after purchasing an additional 2,392 shares during the last quarter. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Vermilion Energy Stock Performance

Shares of VET opened at $7.56 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.84 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $1.16 billion, a P/E ratio of -8.69 and a beta of 1.11. The firm’s fifty day simple moving average is $7.70 and its two-hundred day simple moving average is $7.33. Vermilion Energy Inc. has a 12 month low of $5.14 and a 12 month high of $10.85.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings results on Thursday, August 7th. The oil and gas company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.14). The firm had revenue of $392.33 million for the quarter, compared to the consensus estimate of $562.50 million. Vermilion Energy had a negative net margin of 9.29% and a positive return on equity of 0.17%. As a group, analysts predict that Vermilion Energy Inc. will post 0.22 EPS for the current year.

Vermilion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $0.52 dividend on an annualized basis and a yield of 6.9%. Vermilion Energy’s dividend payout ratio is -42.53%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. TD Securities reissued a “buy” rating on shares of Vermilion Energy in a research note on Tuesday, September 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Vermilion Energy in a research note on Wednesday. BMO Capital Markets reissued a “market perform” rating on shares of Vermilion Energy in a research note on Friday, August 8th. Scotiabank reissued a “sector perform” rating on shares of Vermilion Energy in a research note on Thursday. Finally, Wall Street Zen cut shares of Vermilion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

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.