Vermilion Energy (NYSE:VET) Trading 6.1% Higher – What’s Next?

Vermilion Energy Inc. (NYSE:VET) (TSE:VET)’s share price traded up 6.1% on Thursday . The company traded as high as $9.32 and last traded at $9.18. 452,697 shares traded hands during trading, a decline of 60% from the average session volume of 1,135,702 shares. The stock had previously closed at $8.65.

Analysts Set New Price Targets

Separately, BMO Capital Markets downgraded 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 firm has a 50 day moving average of $9.78 and a 200-day moving average of $10.19. 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 stock has a market capitalization of $1.38 billion, a PE ratio of -2.37 and a beta of 1.99.

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.089 dividend. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a yield of 4.01%. The ex-dividend date is Tuesday, December 31st. Vermilion Energy’s payout ratio is currently -9.36%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Vermilion Energy by 1.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 169,928 shares of the oil and gas company’s stock valued at $1,870,000 after buying an additional 1,936 shares in the last quarter. CIBC Asset Management Inc increased its position in Vermilion Energy by 7.2% in the second quarter. CIBC Asset Management Inc now owns 203,363 shares of the oil and gas company’s stock worth $2,237,000 after purchasing an additional 13,694 shares during the period. National Bank of Canada FI raised its stake in shares of Vermilion Energy by 0.6% during the second quarter. National Bank of Canada FI now owns 1,684,875 shares of the oil and gas company’s stock worth $18,461,000 after buying an additional 9,304 shares during the last quarter. Foundry Partners LLC raised its position in shares of Vermilion Energy by 11.5% during the 2nd quarter. Foundry Partners LLC now owns 469,742 shares of the oil and gas company’s stock valued at $5,172,000 after acquiring an additional 48,405 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Vermilion Energy by 6.4% in the 2nd quarter. American Century Companies Inc. now owns 2,190,255 shares of the oil and gas company’s stock worth $24,111,000 after purchasing an additional 131,780 shares during the last quarter. 31.91% of the stock is owned by institutional investors.

About Vermilion Energy

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.