Vermilion Energy (NYSE:VET) Stock Rating Lowered by StockNews.com

StockNews.com cut 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 lowered shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 13th.

Vermilion Energy Stock Up 4.1 %

VET opened at $7.77 on Friday. Vermilion Energy has a 12 month low of $7.09 and a 12 month high of $12.79. The business has a 50-day moving average of $9.12 and a two-hundred day moving average of $9.50. 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 market capitalization of $1.20 billion, a price-to-earnings ratio of -2.08 and a beta of 1.91.

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.0903 dividend. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.09. The ex-dividend date is Monday, March 31st. This represents a $0.36 annualized dividend and a yield of 4.65%. Vermilion Energy’s dividend payout ratio (DPR) is presently -163.64%.

Institutional Investors Weigh In On Vermilion Energy

Institutional investors have recently bought and sold shares of the business. Millennium Management LLC lifted its holdings in shares of Vermilion Energy by 14.5% during the 4th quarter. Millennium Management LLC now owns 7,293,449 shares of the oil and gas company’s stock valued at $68,608,000 after acquiring an additional 921,230 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Vermilion Energy by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 6,066,063 shares of the oil and gas company’s stock worth $57,100,000 after purchasing an additional 86,425 shares in the last quarter. LM Asset IM Inc. purchased a new stake in shares of Vermilion Energy in the fourth quarter worth about $18,806,000. National Bank of Canada FI grew its stake in shares of Vermilion Energy by 2.7% in the third quarter. National Bank of Canada FI now owns 1,730,388 shares of the oil and gas company’s stock valued at $16,890,000 after buying an additional 45,513 shares in the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of Vermilion Energy by 0.5% during the 4th quarter. Two Sigma Investments LP now owns 1,281,074 shares of the oil and gas company’s stock valued at $12,042,000 after buying an additional 6,765 shares during the period. 31.91% of the stock is currently 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.