Vermilion Energy (NYSE:VET) Shares Down 4% – Here’s What Happened

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) was down 4% during mid-day trading on Friday . The stock traded as low as $9.63 and last traded at $9.63. Approximately 166,944 shares were traded during trading, a decline of 85% from the average daily volume of 1,141,743 shares. The stock had previously closed at $10.03.

Wall Street Analysts Forecast Growth

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

Vermilion Energy Stock Down 4.8 %

The company has a quick ratio of 1.19, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $9.94 and a 200-day simple moving average of $10.36. The firm has a market cap of $1.48 billion, a P/E ratio of -2.55 and a beta of 1.99.

Vermilion Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.089 per share. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.73%. Vermilion Energy’s payout ratio is -9.36%.

Institutional Investors Weigh In On Vermilion Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its position in shares of Vermilion Energy by 345.4% during the third quarter. The Manufacturers Life Insurance Company now owns 592,839 shares of the oil and gas company’s stock worth $5,790,000 after purchasing an additional 459,746 shares in the last quarter. Royce & Associates LP purchased a new stake in Vermilion Energy during the 3rd quarter valued at approximately $6,001,000. ARGA Investment Management LP bought a new stake in shares of Vermilion Energy during the third quarter valued at approximately $613,000. DRW Securities LLC lifted its holdings in shares of Vermilion Energy by 55.1% in the third quarter. DRW Securities LLC now owns 201,600 shares of the oil and gas company’s stock worth $1,979,000 after buying an additional 71,600 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Vermilion Energy by 34.5% during the second quarter. Millennium Management LLC now owns 5,484,654 shares of the oil and gas company’s stock worth $60,359,000 after acquiring an additional 1,405,653 shares during the last quarter. 31.91% of the stock is 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.