Vermilion Energy (NYSE:VET) Sees Strong Trading Volume – Here’s Why

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) shares saw an uptick in trading volume on Monday . 913,247 shares changed hands during trading, a decline of 20% from the previous session’s volume of 1,143,142 shares.The stock last traded at $8.29 and had previously closed at $8.87.

Wall Street Analysts Forecast Growth

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

Vermilion Energy Stock Down 3.9 %

The company has a market capitalization of $1.32 billion, a P/E ratio of -2.28 and a beta of 1.99. The stock has a 50 day moving average price of $9.75 and a 200 day moving average price of $10.15. 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.089 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.09. Vermilion Energy’s dividend payout ratio (DPR) is currently -9.36%.

Institutional Investors Weigh In On Vermilion Energy

Several institutional investors have recently added to or reduced their stakes in VET. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Vermilion Energy by 1.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 169,928 shares of the oil and gas company’s stock valued at $1,870,000 after purchasing an additional 1,936 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Vermilion Energy by 2,569.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company’s stock worth $41,000 after purchasing an additional 3,674 shares during the last quarter. Clear Harbor Asset Management LLC increased its position in shares of Vermilion Energy by 3.3% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 149,129 shares of the oil and gas company’s stock valued at $1,457,000 after purchasing an additional 4,702 shares during the last quarter. Aigen Investment Management LP raised its holdings in shares of Vermilion Energy by 29.8% during the 3rd quarter. Aigen Investment Management LP now owns 27,148 shares of the oil and gas company’s stock valued at $265,000 after buying an additional 6,229 shares in the last quarter. Finally, 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. 31.91% of the stock is owned by hedge funds and other 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.