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

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

Wall Street Analyst Weigh In

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

Vermilion Energy Stock Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.25. The firm has a market cap of $1.53 billion, a P/E ratio of -2.50 and a beta of 2.00. The firm’s fifty day moving average price is $9.69 and its 200 day moving average price is $10.57.

Vermilion Energy Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in VET. EverSource Wealth Advisors LLC increased its stake 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 acquiring an additional 3,674 shares during the period. Net Worth Advisory Group acquired a new stake in shares of Vermilion Energy in the third quarter worth $115,000. Marshall Wace LLP acquired a new stake in shares of Vermilion Energy in the second quarter worth $122,000. HBK Sorce Advisory LLC acquired a new stake in shares of Vermilion Energy in the first quarter worth $127,000. Finally, Blue Trust Inc. increased its stake in shares of Vermilion Energy by 601.9% in the third quarter. Blue Trust Inc. now owns 13,996 shares of the oil and gas company’s stock worth $137,000 after acquiring an additional 12,002 shares during the period. Hedge funds and other 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.