Vermilion Energy (NYSE:VET) Shares Cross Below 200 Day Moving Average – Time to Sell?

Vermilion Energy Inc. (NYSE:VET) (TSE:VET)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.77 and traded as low as $9.21. Vermilion Energy shares last traded at $9.26, with a volume of 1,131,030 shares.

Vermilion Energy Stock Down 3.9 %

The stock’s fifty day moving average is $9.55 and its two-hundred day moving average is $9.77. 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 company has a market capitalization of $1.43 billion, a PE ratio of -2.48 and a beta of 1.97.

Hedge Funds Weigh In On Vermilion Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership bought a new stake in Vermilion Energy in the 4th quarter valued at about $10,866,000. Royce & Associates LP bought a new stake in Vermilion Energy in the 3rd quarter valued at about $6,001,000. The Manufacturers Life Insurance Company raised its stake in Vermilion Energy by 345.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 592,839 shares of the oil and gas company’s stock valued at $5,790,000 after acquiring an additional 459,746 shares during the period. Two Sigma Advisers LP raised its stake in Vermilion Energy by 72.8% in the 3rd quarter. Two Sigma Advisers LP now owns 1,040,076 shares of the oil and gas company’s stock valued at $10,162,000 after acquiring an additional 438,200 shares during the period. Finally, PDT Partners LLC raised its stake in Vermilion Energy by 286.6% in the 3rd quarter. PDT Partners LLC now owns 280,562 shares of the oil and gas company’s stock valued at $2,741,000 after acquiring an additional 207,981 shares during the period. 31.91% of the stock is 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.