Vermilion Energy (NYSE:VET) Hits New 1-Year Low – Here’s Why

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $8.64 and last traded at $8.67, with a volume of 818441 shares. The stock had previously closed at $9.01.

Wall Street Analyst Weigh In

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

Vermilion Energy Stock Up 0.1 %

The company has a market cap of $1.38 billion, a PE ratio of -2.37 and a beta of 1.99. The stock has a 50-day moving average of $9.78 and a 200-day moving average of $10.19. 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 declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.089 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Tuesday, December 31st. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.09. Vermilion Energy’s dividend payout ratio (DPR) is -9.36%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VET. Millennium Management LLC increased its position in shares of Vermilion Energy by 34.5% during the second quarter. Millennium Management LLC now owns 5,484,654 shares of the oil and gas company’s stock valued at $60,359,000 after buying an additional 1,405,653 shares during the period. Royce & Associates LP purchased a new stake in Vermilion Energy in the third quarter worth $6,001,000. The Manufacturers Life Insurance Company lifted its position in Vermilion Energy by 345.4% during the third quarter. The Manufacturers Life Insurance Company now owns 592,839 shares of the oil and gas company’s stock valued at $5,790,000 after buying an additional 459,746 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of Vermilion Energy by 72.8% during the 3rd quarter. Two Sigma Advisers LP now owns 1,040,076 shares of the oil and gas company’s stock valued at $10,162,000 after buying an additional 438,200 shares in the last quarter. Finally, PDT Partners LLC grew its position in shares of Vermilion Energy by 286.6% in the 3rd quarter. PDT Partners LLC now owns 280,562 shares of the oil and gas company’s stock worth $2,741,000 after buying an additional 207,981 shares during the period. Institutional investors own 31.91% of the company’s stock.

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.