Vermilion Energy (NYSE:VET) Reaches New 12-Month Low – Should You Sell?

Vermilion Energy Inc. (NYSE:VET) (TSE:VET)’s stock price 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.

Wall Street Analyst Weigh In

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

Vermilion Energy Stock Down 4.0 %

The company has a quick ratio of 1.19, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The business has a 50-day simple moving average of $9.83 and a 200-day simple moving average of $10.21. The company has a market cap of $1.34 billion, a PE ratio of -2.31 and a beta of 1.99.

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.089 dividend. This is an increase 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 of this dividend is Tuesday, December 31st. Vermilion Energy’s dividend payout ratio (DPR) is currently -9.36%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VET. EverSource Wealth Advisors LLC boosted its stake in 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 buying an additional 3,674 shares during the last quarter. Net Worth Advisory Group purchased a new position in Vermilion Energy during the third quarter worth about $115,000. Marshall Wace LLP acquired a new position in Vermilion Energy in the 2nd quarter valued at about $122,000. Blue Trust Inc. grew its stake in shares of Vermilion Energy by 601.9% in the 3rd quarter. Blue Trust Inc. now owns 13,996 shares of the oil and gas company’s stock valued at $137,000 after buying an additional 12,002 shares during the period. Finally, Aigen Investment Management LP increased its holdings in shares of Vermilion Energy by 29.8% during the 3rd quarter. Aigen Investment Management LP now owns 27,148 shares of the oil and gas company’s stock worth $265,000 after buying an additional 6,229 shares during the last quarter. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Vermilion Energy Company Profile

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.