Vermilion Energy (NYSE:VET) Stock Price Down 4% – What’s Next?

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) dropped 4% during mid-day trading on Friday . The company traded as low as $9.63 and last traded at $9.63. Approximately 166,944 shares changed hands during mid-day 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 lowered shares of Vermilion Energy from an “outperform” rating to a “market perform” rating in a research note on Friday, October 4th.

Vermilion Energy Trading Down 4.7 %

The company has a market capitalization of $1.48 billion, a P/E ratio of -2.68 and a beta of 1.99. The company has a fifty day simple moving average of $9.94 and a two-hundred day simple moving average of $10.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 1.19.

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 $0.089 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.72%. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Tuesday, December 31st. Vermilion Energy’s dividend payout ratio is presently -9.63%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its stake in Vermilion Energy by 34.5% in the 2nd quarter. Millennium Management LLC now owns 5,484,654 shares of the oil and gas company’s stock valued at $60,359,000 after buying an additional 1,405,653 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Vermilion Energy by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,463,245 shares of the oil and gas company’s stock worth $38,131,000 after purchasing an additional 134,216 shares in the last quarter. American Century Companies Inc. lifted its holdings in Vermilion Energy by 6.4% during the 2nd quarter. American Century Companies Inc. now owns 2,190,255 shares of the oil and gas company’s stock valued at $24,111,000 after purchasing an additional 131,780 shares during the last quarter. National Bank of Canada FI boosted its position in Vermilion Energy by 2.7% in the third quarter. National Bank of Canada FI now owns 1,730,388 shares of the oil and gas company’s stock valued at $16,890,000 after buying an additional 45,513 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in Vermilion Energy by 72.8% during the third quarter. Two Sigma Advisers LP now owns 1,040,076 shares of the oil and gas company’s stock worth $10,162,000 after buying an additional 438,200 shares during the last quarter. Institutional investors own 31.91% of the company’s stock.

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.