Vermilion Energy (NYSE:VET) Shares Gap Down – Time to Sell?

Vermilion Energy Inc. (NYSE:VET) (TSE:VET)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $5.43, but opened at $5.19. Vermilion Energy shares last traded at $5.34, with a volume of 454,427 shares.

Analyst Ratings Changes

VET has been the subject of several analyst reports. Desjardins cut Vermilion Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, March 18th. Atb Cap Markets downgraded Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, StockNews.com downgraded shares of Vermilion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th.

Vermilion Energy Stock Up 1.9 %

The firm has a 50 day simple moving average of $8.23 and a two-hundred day simple moving average of $9.25. The stock has a market capitalization of $855.72 million, a P/E ratio of -1.48 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 firm 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. The ex-dividend date is Monday, March 31st. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a yield of 6.53%. Vermilion Energy’s dividend payout ratio (DPR) is -163.64%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Millennium Management LLC grew its holdings in shares of 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 valued at $68,608,000 after purchasing an additional 921,230 shares during the last quarter. Vanguard Group Inc. boosted its position in Vermilion Energy by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 6,066,063 shares of the oil and gas company’s stock valued at $57,100,000 after buying an additional 86,425 shares in the last quarter. LM Asset IM Inc. acquired a new stake in Vermilion Energy in the fourth quarter valued at approximately $18,806,000. National Bank of Canada FI grew its stake in shares of Vermilion Energy by 2.7% during the third quarter. National Bank of Canada FI now owns 1,730,388 shares of the oil and gas company’s stock worth $16,890,000 after buying an additional 45,513 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Vermilion Energy by 0.5% during the fourth quarter. Two Sigma Investments LP now owns 1,281,074 shares of the oil and gas company’s stock worth $12,042,000 after buying an additional 6,765 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.