Vermilion Energy (NYSE:VET) Upgraded to Buy at TD Securities

TD Securities upgraded shares of Vermilion Energy (NYSE:VET) (TSE:VET) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports.

Vermilion Energy Stock Up 3.4 %

Shares of NYSE VET opened at $12.24 on Wednesday. The firm’s 50-day moving average price is $11.04 and its 200-day moving average price is $12.49. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of -11.03 and a beta of 2.03. Vermilion Energy has a 12-month low of $9.81 and a 12-month high of $15.98.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.0888 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.90%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Wednesday, March 27th. Vermilion Energy’s dividend payout ratio is currently -26.13%.

Institutional Trading of Vermilion Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VET. Ameriprise Financial Inc. raised its position in Vermilion Energy by 307.6% in the 1st quarter. Ameriprise Financial Inc. now owns 3,076,265 shares of the oil and gas company’s stock worth $39,899,000 after purchasing an additional 2,321,576 shares during the period. Point72 Europe London LLP purchased a new stake in Vermilion Energy in the 2nd quarter worth about $15,550,000. Point72 Asset Management L.P. raised its position in Vermilion Energy by 145.8% in the 4th quarter. Point72 Asset Management L.P. now owns 1,945,600 shares of the oil and gas company’s stock worth $34,446,000 after purchasing an additional 1,154,150 shares during the period. Findell Capital Management LLC purchased a new stake in Vermilion Energy in the 4th quarter worth about $12,120,000. Finally, Mackenzie Financial Corp raised its position in Vermilion Energy by 142.2% in the 3rd quarter. Mackenzie Financial Corp now owns 1,143,134 shares of the oil and gas company’s stock worth $15,699,000 after purchasing an additional 671,228 shares during the period. 31.91% of the stock is 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.