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

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) shot up 3.4% on Thursday . The company traded as high as $8.32 and last traded at $8.30. 524,071 shares traded 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.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. StockNews.com downgraded Vermilion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Atb Cap Markets downgraded Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Desjardins downgraded Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Vermilion Energy Trading Down 0.3 %

The stock has a market capitalization of $1.27 billion, a PE ratio of -2.20 and a beta of 1.91. The firm has a 50 day moving average price of $8.91 and a 200 day moving average price of $9.43. 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 Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.0903 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a dividend yield of 4.39%. Vermilion Energy’s dividend payout ratio is currently -163.64%.

Hedge Funds Weigh In On Vermilion Energy

Institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its holdings in shares of Vermilion Energy by 345.4% in 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 acquiring an additional 459,746 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Vermilion Energy during the third quarter valued at $1,947,000. Verition Fund Management LLC bought a new position in Vermilion Energy during the third quarter valued at $555,000. Alberta Investment Management Corp boosted its holdings in shares of Vermilion Energy by 12.8% in the fourth quarter. Alberta Investment Management Corp now owns 719,000 shares of the oil and gas company’s stock worth $6,764,000 after acquiring an additional 81,500 shares during the period. Finally, Two Sigma Advisers LP raised its position in shares of Vermilion Energy by 72.8% in the third quarter. Two Sigma Advisers LP now owns 1,040,076 shares of the oil and gas company’s stock worth $10,162,000 after buying an additional 438,200 shares in the last quarter. 31.91% of the stock is owned by institutional investors.

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.