Vermilion Energy (NYSE:VET) Shares Up 5.3% – Should You Buy?

Vermilion Energy Inc. (NYSE:VET) (TSE:VET)’s share price shot up 5.3% during mid-day trading on Thursday . The stock traded as high as $10.81 and last traded at $10.81. 567,808 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 1,153,036 shares. The stock had previously closed at $10.27.

Analyst Ratings Changes

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

Vermilion Energy Trading Down 1.4 %

The company has a quick ratio of 1.19, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The firm’s 50-day moving average price is $9.82 and its two-hundred day moving average price is $10.52.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.089 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. Vermilion Energy’s dividend payout ratio (DPR) is -9.63%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Vermilion Energy by 1.2% in the first quarter. Vanguard Group Inc. now owns 5,925,874 shares of the oil and gas company’s stock worth $73,718,000 after buying an additional 71,476 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Vermilion Energy by 34.5% during the 2nd quarter. Millennium Management LLC now owns 5,484,654 shares of the oil and gas company’s stock valued at $60,359,000 after purchasing an additional 1,405,653 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Vermilion Energy by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,463,245 shares of the oil and gas company’s stock valued at $38,131,000 after purchasing an additional 134,216 shares in the last quarter. American Century Companies Inc. boosted its holdings in Vermilion Energy by 6.4% in the second quarter. American Century Companies Inc. now owns 2,190,255 shares of the oil and gas company’s stock worth $24,111,000 after purchasing an additional 131,780 shares in the last quarter. Finally, National Bank of Canada FI increased its position in Vermilion Energy by 2.7% during the third quarter. National Bank of Canada FI now owns 1,730,388 shares of the oil and gas company’s stock worth $16,890,000 after buying an additional 45,513 shares during the last quarter. 31.91% of the stock is owned by institutional investors and hedge funds.

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.