Vermilion Energy (NYSE:VET) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Vermilion Energy (NYSE:VET) (TSE:VET) from a hold rating to a buy rating in a research report report published on Friday morning.

Separately, Atb Cap Markets cut Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 13th.

Vermilion Energy Price Performance

Shares of VET stock opened at $7.56 on Friday. Vermilion Energy has a twelve month low of $7.09 and a twelve month high of $12.79. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of -2.02 and a beta of 1.97. The stock has a fifty day simple moving average of $9.33 and a two-hundred day simple moving average of $9.61. The company has a current ratio of 1.25, a quick ratio of 1.19 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 dividend of $0.0903 per share. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Monday, March 31st. Vermilion Energy’s dividend payout ratio is -8.82%.

Institutional Investors Weigh In On Vermilion Energy

Hedge funds have recently made changes to their positions in the stock. Larson Financial Group LLC lifted its stake in shares of Vermilion Energy by 1,123.6% during the 4th quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company’s stock worth $41,000 after purchasing an additional 4,000 shares during the last quarter. Northern Trust Corp purchased a new stake in shares of Vermilion Energy during the 4th quarter worth $94,000. Citizens Financial Group Inc. RI purchased a new stake in Vermilion Energy in the fourth quarter valued at about $103,000. Amundi raised its stake in Vermilion Energy by 74.0% in the fourth quarter. Amundi now owns 11,020 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 4,685 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in Vermilion Energy in the fourth quarter valued at about $104,000. 31.91% of the stock is currently owned by hedge funds and other 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.