Vermilion Energy (NYSE:VET) Downgraded to Hold Rating by StockNews.com

StockNews.com downgraded shares of Vermilion Energy (NYSE:VET) (TSE:VET) from a buy rating to a hold rating in a research report report published on Saturday morning.

Separately, Atb Cap Markets cut shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 13th.

Vermilion Energy Stock Performance

Shares of NYSE:VET opened at $7.88 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 1.19. Vermilion Energy has a 1 year low of $7.09 and a 1 year high of $12.79. The firm has a market capitalization of $1.22 billion, a PE ratio of -2.11 and a beta of 1.91. The business’s 50 day moving average price is $9.08 and its 200-day moving average price is $9.48.

Vermilion Energy Increases Dividend

The business 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 dividend of $0.0903 per share. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend is Monday, March 31st. Vermilion Energy’s payout ratio is currently -163.64%.

Institutional Investors Weigh In On Vermilion Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Larson Financial Group LLC grew its holdings in Vermilion Energy by 1,123.6% in the 4th quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 4,000 shares in the last quarter. Northern Trust Corp acquired a new position in shares of Vermilion Energy during the 4th quarter valued at about $94,000. Citizens Financial Group Inc. RI purchased a new stake in shares of Vermilion Energy in the fourth quarter valued at about $103,000. Amundi increased its position in Vermilion Energy by 74.0% during the fourth quarter. Amundi now owns 11,020 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 4,685 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in Vermilion Energy during the fourth quarter worth about $104,000. Institutional investors and hedge funds 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.