Vermilion Energy (NYSE:VET) Trading Up 5.3% – Still a Buy?

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

Analyst Upgrades and Downgrades

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

Vermilion Energy Stock Down 1.4 %

The firm has a fifty day simple moving average of $9.82 and a 200 day simple moving average of $10.52. The company has a quick ratio of 1.19, a current ratio of 1.25 and a debt-to-equity ratio of 0.36.

Vermilion Energy Increases Dividend

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

Hedge Funds Weigh In On Vermilion Energy

Several hedge funds and other institutional investors have recently modified their holdings of VET. EverSource Wealth Advisors LLC raised its stake in shares of Vermilion Energy by 2,569.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 3,674 shares during the last quarter. Net Worth Advisory Group acquired a new position in shares of Vermilion Energy in the 3rd quarter valued at $115,000. Marshall Wace LLP bought a new position in Vermilion Energy during the second quarter worth about $122,000. Blue Trust Inc. increased its stake in shares of Vermilion Energy by 601.9% in the 3rd quarter. Blue Trust Inc. now owns 13,996 shares of the oil and gas company’s stock valued at $137,000 after acquiring an additional 12,002 shares during the last quarter. Finally, Bank of Nova Scotia Trust Co. raised its position in shares of Vermilion Energy by 15.8% in the 1st quarter. Bank of Nova Scotia Trust Co. now owns 11,650 shares of the oil and gas company’s stock valued at $145,000 after acquiring an additional 1,593 shares during the period. 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.