Drum Hill Capital LLC Buys 108,128 Shares of Vermilion Energy Inc. $VET

Drum Hill Capital LLC increased its position in shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) by 41.3% during the first quarter, Holdings Channel reports. The fund owned 369,711 shares of the oil and gas company’s stock after acquiring an additional 108,128 shares during the quarter. Vermilion Energy makes up 4.7% of Drum Hill Capital LLC’s holdings, making the stock its 9th largest holding. Drum Hill Capital LLC’s holdings in Vermilion Energy were worth $5,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC grew its position in Vermilion Energy by 178.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 4,136 shares in the last quarter. State of Wyoming lifted its holdings in shares of Vermilion Energy by 24.3% in 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 in the last quarter. LPL Financial LLC purchased a new stake in shares of Vermilion Energy in the fourth quarter valued at $92,000. Mercer Global Advisors Inc. ADV boosted its position in Vermilion Energy by 12.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock worth $99,000 after acquiring an additional 1,289 shares during the period. Finally, NewEdge Advisors LLC purchased a new stake in shares of Vermilion Energy in the second quarter worth approximately $105,000. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Weiss Ratings raised shares of Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 22nd. Scotiabank reiterated a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, April 21st. Wall Street Zen raised shares of Vermilion Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research upgraded shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Finally, TD Securities reaffirmed a “hold” rating on shares of Vermilion Energy in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.00.

Vermilion Energy Price Performance

NYSE VET opened at $9.41 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $1.44 billion, a PE ratio of -2.46 and a beta of 0.29. Vermilion Energy Inc. has a 12-month low of $7.00 and a 12-month high of $14.82. The company has a 50 day moving average price of $11.74 and a two-hundred day moving average price of $10.87.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.89). Vermilion Energy had a negative net margin of 43.49% and a negative return on equity of 2.40%. The business had revenue of $369.04 million for the quarter, compared to the consensus estimate of $368.66 million. As a group, equities analysts predict that Vermilion Energy Inc. will post 0.54 earnings per share for the current fiscal year.

Vermilion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Monday, June 15th. Vermilion Energy’s dividend payout ratio is presently -10.21%.

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).