Vermilion Energy (NYSE:VET) Trading Down 2.4% – Here’s What Happened

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) shares traded down 2.4% during trading on Thursday . The stock traded as low as $8.87 and last traded at $8.90. 326,283 shares changed hands during trading, a decline of 72% from the average session volume of 1,149,358 shares. The stock had previously closed at $9.12.

Wall Street Analysts Forecast Growth

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

Vermilion Energy Price Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.25. The company has a market capitalization of $1.38 billion, a PE ratio of -2.39 and a beta of 1.99. The company’s 50-day simple moving average is $9.70 and its 200-day simple moving average is $10.11.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.089 dividend. This represents a $0.36 annualized dividend and a yield of 3.99%. The ex-dividend date is Tuesday, December 31st. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. Vermilion Energy’s payout ratio is -9.36%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of VET. Barclays PLC lifted its holdings in shares of Vermilion Energy by 1,469.8% during the third quarter. Barclays PLC now owns 44,581 shares of the oil and gas company’s stock worth $435,000 after purchasing an additional 41,741 shares during the period. Arete Wealth Advisors LLC lifted its stake in shares of Vermilion Energy by 50.8% in the 3rd quarter. Arete Wealth Advisors LLC now owns 106,042 shares of the oil and gas company’s stock worth $1,028,000 after acquiring an additional 35,705 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Vermilion Energy by 6.2% in the third quarter. Toronto Dominion Bank now owns 157,025 shares of the oil and gas company’s stock valued at $1,534,000 after acquiring an additional 9,154 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Vermilion Energy during the third quarter worth about $1,947,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Vermilion Energy during the third quarter worth about $277,000. 31.91% of the stock is currently 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.