Vermilion Energy (NYSE:VET) Sets New 52-Week Low – Here’s What Happened

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) reached a new 52-week low on Wednesday . The company traded as low as $8.64 and last traded at $8.67, with a volume of 818441 shares. The stock had previously closed at $9.01.

Analysts Set New Price Targets

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

Vermilion Energy Stock Performance

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 capitalization of $1.34 billion, a price-to-earnings ratio of -2.31 and a beta of 1.99. The firm’s fifty day moving average price is $9.83 and its 200 day moving average price is $10.21.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.089 per share. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is Tuesday, December 31st. Vermilion Energy’s dividend payout ratio (DPR) is currently -9.36%.

Hedge Funds Weigh In On Vermilion Energy

Several hedge funds have recently bought and sold shares of VET. EverSource Wealth Advisors LLC lifted its position in shares of Vermilion Energy by 2,569.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company’s stock worth $41,000 after purchasing an additional 3,674 shares in the last quarter. Net Worth Advisory Group acquired a new stake in Vermilion Energy during the 3rd quarter worth approximately $115,000. Marshall Wace LLP purchased a new position in Vermilion Energy in the 2nd quarter valued at approximately $122,000. Blue Trust Inc. grew its stake in shares of Vermilion Energy by 601.9% in the third quarter. Blue Trust Inc. now owns 13,996 shares of the oil and gas company’s stock worth $137,000 after acquiring an additional 12,002 shares in the last quarter. Finally, Aigen Investment Management LP raised its stake in shares of Vermilion Energy by 29.8% in the third quarter. Aigen Investment Management LP now owns 27,148 shares of the oil and gas company’s stock valued at $265,000 after acquiring an additional 6,229 shares in the last quarter. Institutional investors and hedge funds own 31.91% of the company’s stock.

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.