Vermilion Energy (NYSE:VET) Shares Down 2.4% – Time to Sell?

Vermilion Energy Inc. (NYSE:VET) (TSE:VET)’s share price was down 2.4% during mid-day trading on Thursday . The stock traded as low as $8.87 and last traded at $8.90. Approximately 326,283 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 1,149,358 shares. The stock had previously closed at $9.12.

Analysts Set New Price Targets

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

Vermilion Energy Stock Performance

The company has a market capitalization of $1.38 billion, a P/E ratio of -2.38 and a beta of 1.99. The firm has a 50 day moving average price of $9.71 and a two-hundred day moving average price of $10.11. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.25.

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 issued a dividend of $0.089 per share. This represents a $0.36 annualized dividend and a dividend yield of 4.00%. 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 is presently -9.36%.

Institutional Trading of Vermilion Energy

Hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position 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 worth $41,000 after purchasing an additional 3,674 shares in the last quarter. Marshall Wace LLP bought a new stake in Vermilion Energy during the 2nd quarter worth about $122,000. Net Worth Advisory Group acquired a new position in shares of Vermilion Energy during the 3rd quarter worth about $115,000. Blue Trust Inc. grew its holdings 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 in the last quarter. Finally, Aigen Investment Management LP increased its position in shares of Vermilion Energy by 29.8% in the third quarter. Aigen Investment Management LP now owns 27,148 shares of the oil and gas company’s stock valued at $265,000 after acquiring an additional 6,229 shares during the last quarter. 31.91% of the stock is currently 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.