Vermilion Energy (NYSE:VET) Shares Up 6.1% – Still a Buy?

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

Analyst Ratings Changes

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

Vermilion Energy Stock Up 3.0 %

The stock’s 50-day moving average price is $9.83 and its 200-day moving average price is $10.21. The company has a current ratio of 1.25, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -2.38 and a beta of 1.99.

Vermilion Energy Increases Dividend

The company 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 dividend of $0.089 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a yield of 4.00%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. Vermilion Energy’s dividend payout ratio is -9.36%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Millennium Management LLC boosted its stake in Vermilion Energy by 34.5% during the second quarter. Millennium Management LLC now owns 5,484,654 shares of the oil and gas company’s stock worth $60,359,000 after acquiring an additional 1,405,653 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Vermilion Energy by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,463,245 shares of the oil and gas company’s stock valued at $38,131,000 after purchasing an additional 134,216 shares during the period. American Century Companies Inc. boosted its position in shares of Vermilion Energy by 6.4% during 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 in the last quarter. National Bank of Canada FI grew its stake in shares of Vermilion Energy by 2.7% in the 3rd 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 during the period. Finally, Two Sigma Advisers LP increased its position in Vermilion Energy by 72.8% in the 3rd quarter. Two Sigma Advisers LP now owns 1,040,076 shares of the oil and gas company’s stock valued at $10,162,000 after buying an additional 438,200 shares in 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.