Vermilion Energy (NYSE:VET) Trading 3.8% Higher – Should You Buy?

Vermilion Energy Inc. (NYSE:VET) (TSE:VET)’s share price traded up 3.8% during trading on Tuesday . The company traded as high as $9.31 and last traded at $9.31. 713,117 shares traded hands during trading, a decline of 38% from the average session volume of 1,151,664 shares. The stock had previously closed at $8.97.

Wall Street Analyst Weigh In

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

Vermilion Energy Stock Up 4.8 %

The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of -2.51 and a beta of 1.99. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 1.19. The stock has a fifty day moving average of $9.67 and a two-hundred day moving average of $10.05.

Vermilion Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.089 dividend. The ex-dividend date is Tuesday, December 31st. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a yield of 3.79%. Vermilion Energy’s dividend payout ratio is presently -9.36%.

Hedge Funds Weigh In On Vermilion Energy

Hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Vermilion Energy by 1.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 169,928 shares of the oil and gas company’s stock valued at $1,870,000 after acquiring an additional 1,936 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Vermilion Energy by 2,569.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 3,674 shares during the last quarter. Clear Harbor Asset Management LLC boosted its stake in Vermilion Energy by 3.3% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 149,129 shares of the oil and gas company’s stock valued at $1,457,000 after purchasing an additional 4,702 shares during the last quarter. Aigen Investment Management LP raised its stake 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 worth $265,000 after purchasing an additional 6,229 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of Vermilion Energy by 6.2% in the third quarter. Toronto Dominion Bank now owns 157,025 shares of the oil and gas company’s stock valued at $1,534,000 after purchasing an additional 9,154 shares in the last quarter. Institutional investors 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.