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

Vermilion Energy Inc. (NYSE:VET) (TSE:VET)’s share 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 changing hands.

Vermilion Energy Stock Down 3.9 %

The stock has a 50 day moving average of $9.55 and a 200-day moving average of $9.77. The firm has a market capitalization of $1.43 billion, a P/E ratio of -2.48 and a beta of 1.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.25.

Institutional Investors Weigh In On Vermilion Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC increased its position in shares of Vermilion Energy by 1,123.6% during the fourth quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 4,000 shares during the period. Citizens Financial Group Inc. RI bought a new stake in shares of Vermilion Energy during the fourth quarter valued at about $103,000. Amundi increased its position in shares of Vermilion Energy by 74.0% during 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 period. Net Worth Advisory Group bought a new stake in shares of Vermilion Energy during the third quarter valued at about $115,000. Finally, Truist Financial Corp bought a new stake in shares of Vermilion Energy during the fourth quarter valued at about $119,000. 31.91% of the stock is currently owned by 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.