Vermilion Energy (NYSE:VET) Sees Unusually-High Trading Volume – Here’s What Happened

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) saw strong 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.

Analysts Set New Price Targets

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

Vermilion Energy Trading Up 2.5 %

The company has a fifty day simple moving average of $9.72 and a two-hundred day simple moving average of $10.12. The company has a current ratio of 1.25, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The company has a market cap of $1.42 billion, a PE ratio of -2.44 and a beta of 1.99.

Vermilion Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.089 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.09. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.90%. Vermilion Energy’s dividend payout ratio is currently -9.36%.

Institutional Investors Weigh In On Vermilion Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Vermilion Energy by 1.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 169,928 shares of the oil and gas company’s stock worth $1,870,000 after acquiring an additional 1,936 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Vermilion Energy by 2,569.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 3,674 shares during the period. Clear Harbor Asset Management LLC grew its holdings in shares of Vermilion Energy by 3.3% during the third quarter. Clear Harbor Asset Management LLC now owns 149,129 shares of the oil and gas company’s stock worth $1,457,000 after buying an additional 4,702 shares during the last quarter. Aigen Investment Management LP grew its holdings in shares of Vermilion Energy by 29.8% during the third quarter. Aigen Investment Management LP now owns 27,148 shares of the oil and gas company’s stock worth $265,000 after buying an additional 6,229 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in Vermilion Energy by 6.2% in the 3rd 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 during the period. 31.91% of the stock is currently owned by institutional investors and hedge funds.

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.