Vermilion Energy (NYSE:VET) Lowered to “Hold” Rating by Desjardins

Desjardins cut shares of Vermilion Energy (NYSE:VET) (TSE:VET) from a moderate buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Atb Cap Markets cut shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 13th. StockNews.com cut shares of Vermilion Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Vermilion Energy Trading Up 2.9 %

VET opened at $8.26 on Tuesday. The stock has a market capitalization of $1.28 billion, a PE ratio of -2.21 and a beta of 1.91. The firm’s fifty day moving average price is $8.95 and its 200 day moving average price is $9.45. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 1.19. Vermilion Energy has a 12-month low of $7.09 and a 12-month high of $12.79.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.0903 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.38%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. The ex-dividend date is Monday, March 31st. Vermilion Energy’s dividend payout ratio is -163.64%.

Institutional Trading of Vermilion Energy

A number of institutional investors and hedge funds have recently modified their holdings of VET. Charles Schwab Investment Management Inc. raised its holdings in shares of Vermilion Energy by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 620,662 shares of the oil and gas company’s stock worth $6,064,000 after purchasing an additional 23,787 shares during the period. DRW Securities LLC raised its holdings in shares of Vermilion Energy by 55.1% during the third quarter. DRW Securities LLC now owns 201,600 shares of the oil and gas company’s stock worth $1,979,000 after purchasing an additional 71,600 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Vermilion Energy by 345.4% during the third quarter. The Manufacturers Life Insurance Company now owns 592,839 shares of the oil and gas company’s stock worth $5,790,000 after purchasing an additional 459,746 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Vermilion Energy by 11.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 190,013 shares of the oil and gas company’s stock worth $1,857,000 after purchasing an additional 20,085 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in shares of Vermilion Energy during the third quarter worth $555,000. 31.91% of the stock is 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.