Desjardins downgraded shares of Vermilion Energy (NYSE:VET - Free Report) TSE: VET from a moderate buy rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.
Other analysts have also issued reports about the stock. StockNews.com lowered shares of Vermilion Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. Atb Cap Markets downgraded shares of Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".
View Our Latest Research Report on VET
Vermilion Energy Stock Up 0.7 %
NYSE:VET traded up $0.06 during trading hours on Tuesday, hitting $8.28. 708,955 shares of the company's stock traded hands, compared to its average volume of 1,111,251. The stock's fifty day moving average price is $8.87 and its two-hundred day moving average price is $9.42. The firm has a market cap of $1.28 billion, a P/E ratio of -2.21 and a beta of 1.91. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.25. Vermilion Energy has a twelve month low of $7.09 and a twelve month high of $12.79.
Vermilion Energy Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.0903 per share. This represents a $0.36 annualized dividend and a dividend yield of 4.36%. This is a positive change from Vermilion Energy's previous quarterly dividend of $0.09. The ex-dividend date is Monday, March 31st. Vermilion Energy's payout ratio is currently -163.64%.
Hedge Funds Weigh In On Vermilion Energy
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC grew its position in Vermilion Energy by 1,123.6% in the fourth quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company's stock worth $41,000 after acquiring an additional 4,000 shares in the last quarter. Northern Trust Corp acquired a new stake in shares of Vermilion Energy in the 4th quarter valued at $94,000. Citizens Financial Group Inc. RI bought a new stake in Vermilion Energy in the fourth quarter worth $103,000. Amundi increased its position in Vermilion Energy by 74.0% during the fourth quarter. Amundi now owns 11,020 shares of the oil and gas company's stock worth $104,000 after buying an additional 4,685 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in Vermilion Energy during the fourth quarter valued at about $104,000. Institutional investors own 31.91% of the company's stock.
About Vermilion Energy
(
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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.
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