Clear Harbor Asset Management LLC Purchases Shares of 133,511 Vermilion Energy Inc. $VET

Clear Harbor Asset Management LLC purchased a new position in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 133,511 shares of the oil and gas company’s stock, valued at approximately $1,249,000.

A number of other large investors also recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its holdings in shares of Vermilion Energy by 251.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 1,714 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Vermilion Energy by 178.7% during the second quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 4,136 shares in the last quarter. State of Wyoming boosted its position in Vermilion Energy by 24.3% during the fourth quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock valued at $74,000 after purchasing an additional 1,747 shares during the last quarter. LPL Financial LLC acquired a new position in Vermilion Energy during the fourth quarter valued at approximately $92,000. Finally, Mercer Global Advisors Inc. ADV grew its stake in Vermilion Energy by 12.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock valued at $99,000 after purchasing an additional 1,289 shares in the last quarter. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Vermilion Energy Trading Down 0.9%

Shares of NYSE:VET opened at $12.73 on Friday. Vermilion Energy Inc. has a 52-week low of $7.10 and a 52-week high of $14.82. The company has a market capitalization of $1.95 billion, a P/E ratio of -6.03 and a beta of 0.30. The company has a 50-day simple moving average of $10.44 and a 200 day simple moving average of $11.40. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 1.00.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.57. The firm had revenue of $390.53 million for the quarter, compared to the consensus estimate of $330.39 million. Vermilion Energy had a positive return on equity of 5.26% and a negative net margin of 22.48%.

Vermilion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Tuesday, September 15th. Vermilion Energy’s payout ratio is currently -18.48%.

Analyst Upgrades and Downgrades

VET has been the topic of several recent analyst reports. Weiss Ratings raised Vermilion Energy from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday. Zacks Research raised Vermilion Energy from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Desjardins raised shares of Vermilion Energy to a “hold” rating in a research note on Thursday, July 16th. TD Securities reissued a “buy” rating on shares of Vermilion Energy in a research note on Friday, July 31st. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, May 19th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Vermilion Energy has a consensus rating of “Hold” and a consensus target price of $15.00.

Vermilion Energy Company Profile

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).