Vermilion Energy (NYSE:VET) Trading 3.4% Higher – Here’s Why

Vermilion Energy Inc. (NYSE:VET) (TSE:VET)’s stock price traded up 3.4% on Thursday . The stock traded as high as $8.32 and last traded at $8.30. 524,071 shares changed hands during trading, a decline of 56% from the average session volume of 1,177,826 shares. The stock had previously closed at $8.02.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Vermilion Energy Price Performance

The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of -2.20 and a beta of 1.91. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.25. The company has a fifty day simple moving average of $8.91 and a two-hundred day simple moving average of $9.43.

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.0903 per share. The ex-dividend date of this dividend is Monday, March 31st. 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. Vermilion Energy’s payout ratio is -163.64%.

Institutional Investors Weigh In On Vermilion Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of VET. Larson Financial Group LLC lifted its stake in shares of 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 valued at $41,000 after purchasing an additional 4,000 shares during the period. Northern Trust Corp acquired a new position in Vermilion Energy during the 4th quarter worth approximately $94,000. Citizens Financial Group Inc. RI acquired a new position in Vermilion Energy during the 4th quarter worth approximately $103,000. Amundi raised its stake in Vermilion Energy by 74.0% during the 4th quarter. Amundi now owns 11,020 shares of the oil and gas company’s stock worth $104,000 after buying an additional 4,685 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in Vermilion Energy during the 4th quarter worth approximately $104,000. Institutional investors own 31.91% of the company’s stock.

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.