Vermilion Energy (NYSE:VET) Shares Up 5.2% – Here’s Why

Vermilion Energy Inc. (NYSE:VET) (TSE:VET)’s stock price shot up 5.2% during trading on Thursday . The stock traded as high as $9.88 and last traded at $9.85. 253,683 shares were traded during trading, a decline of 78% from the average session volume of 1,141,263 shares. The stock had previously closed at $9.36.

Analyst Ratings Changes

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

Vermilion Energy Price Performance

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 fifty day moving average price is $9.69 and its two-hundred day moving average price is $10.57. The stock has a market capitalization of $1.53 billion, a PE ratio of -2.50 and a beta of 2.00.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.089 per share. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. This represents a $0.36 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Tuesday, December 31st. Vermilion Energy’s dividend payout ratio is currently -9.63%.

Institutional Trading of Vermilion Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Vermilion Energy by 1.2% during the first quarter. Vanguard Group Inc. now owns 5,925,874 shares of the oil and gas company’s stock valued at $73,718,000 after acquiring an additional 71,476 shares during the period. Millennium Management LLC lifted its holdings in shares of Vermilion Energy by 34.5% in the second quarter. Millennium Management LLC now owns 5,484,654 shares of the oil and gas company’s stock worth $60,359,000 after buying an additional 1,405,653 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Vermilion Energy by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,463,245 shares of the oil and gas company’s stock worth $38,131,000 after buying an additional 134,216 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Vermilion Energy by 6.4% during 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 acquiring an additional 131,780 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in Vermilion Energy by 0.6% during the second quarter. National Bank of Canada FI now owns 1,684,875 shares of the oil and gas company’s stock valued at $18,461,000 after acquiring an additional 9,304 shares in the last quarter. 31.91% of the stock is owned by hedge funds and other 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.