Vermilion Energy (NYSE:VET) Trading Up 3.8% – Here’s What Happened

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) shot up 3.8% during trading on Tuesday . The company traded as high as $9.31 and last traded at $9.31. 713,117 shares traded hands during trading, a decline of 38% from the average session volume of 1,151,664 shares. The stock had previously closed at $8.97.

Wall Street Analyst Weigh In

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

Vermilion Energy Stock Performance

The company’s fifty day simple moving average is $9.67 and its 200 day simple moving average is $10.05. The stock has a market capitalization of $1.46 billion, a P/E ratio of -2.51 and a beta of 1.99. The company has a current ratio of 1.25, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.089 per share. This represents a $0.36 annualized dividend and a yield of 3.79%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. The ex-dividend date is Tuesday, December 31st. Vermilion Energy’s payout ratio is presently -9.36%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VET. Barclays PLC lifted its stake in 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 last quarter. Arete Wealth Advisors LLC lifted its position in 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 buying an additional 35,705 shares during the last quarter. Toronto Dominion Bank boosted its stake in 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 worth $1,534,000 after buying an additional 9,154 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Vermilion Energy during the third quarter valued at approximately $1,947,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Vermilion Energy during the third quarter worth approximately $277,000. 31.91% of the stock is currently owned by institutional investors.

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.