Vermilion Energy (NYSE:VET) Sees Large Volume Increase – Time to Buy?

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) saw strong trading volume on Monday . 913,247 shares were traded 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.

Analyst Ratings Changes

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

Vermilion Energy Trading Down 3.9 %

The firm has a market capitalization of $1.32 billion, a PE ratio of -2.28 and a beta of 1.99. The business has a fifty day moving average price of $9.75 and a two-hundred 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.089 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a yield of 4.18%. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.09. Vermilion Energy’s dividend payout ratio (DPR) is -9.36%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Vermilion Energy by 1.2% in 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 last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 acquiring an additional 3,674 shares in the last quarter. Clear Harbor Asset Management LLC grew its stake in shares of Vermilion Energy by 3.3% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 149,129 shares of the oil and gas company’s stock worth $1,457,000 after purchasing an additional 4,702 shares during the last quarter. Aigen Investment Management LP boosted its holdings in shares of Vermilion Energy by 29.8% in 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 period. Finally, Toronto Dominion Bank raised its stake in Vermilion Energy by 6.2% during 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 purchasing an additional 9,154 shares during the period. Hedge funds and other 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.