Vermilion Energy (NYSE:VET) Hits New 1-Year Low - Time to Sell?

Vermilion Energy Inc. (NYSE:VET - Get Free Report) TSE: VET hit a new 52-week low on Friday . The company traded as low as $6.70 and last traded at $6.70, with a volume of 109332 shares. The stock had previously closed at $7.31.

Analysts Set New Price Targets

Several equities analysts recently commented on VET shares. StockNews.com downgraded shares of Vermilion Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Atb Cap Markets cut shares of Vermilion Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 13th. Finally, Desjardins cut Vermilion Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 18th.

Vermilion Energy Stock Performance

The stock has a 50 day moving average of $8.40 and a 200 day moving average of $9.31. The firm has a market cap of $837.79 million, a price-to-earnings ratio of -1.45 and a beta of 1.43. The company has a quick ratio of 1.19, a current ratio of 1.25 and a debt-to-equity ratio of 0.36.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.0903 dividend. This is an increase 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 6.67%. Vermilion Energy's dividend payout ratio is presently -163.64%.

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Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. LM Asset IM Inc. acquired a new position in Vermilion Energy in the 4th quarter worth about $18,806,000. Arrowstreet Capital Limited Partnership bought a new position in Vermilion Energy in the 4th quarter valued at approximately $10,866,000. Millennium Management LLC boosted its position in 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 worth $68,608,000 after buying an additional 921,230 shares during the period. Two Sigma Advisers LP grew its stake in shares of Vermilion Energy by 72.8% in the third quarter. Two Sigma Advisers LP now owns 1,040,076 shares of the oil and gas company's stock worth $10,162,000 after purchasing an additional 438,200 shares during the last quarter. Finally, Royce & Associates LP increased its stake in shares of Vermilion Energy by 49.3% in the fourth quarter. Royce & Associates LP now owns 918,240 shares of the oil and gas company's stock valued at $8,643,000 after buying an additional 303,370 shares during the period. 31.91% of the stock is currently owned by institutional investors and hedge funds.

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.