Vermilion Energy (NYSE:VET) Trading Down 4% - Here's What Happened

Vermilion Energy Inc. (NYSE:VET - Get Free Report) TSE: VET's stock price was down 4% during trading on Friday . The company 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.

Analysts Set New Price Targets

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 4.8 %

The stock has a market cap of $1.48 billion, a PE ratio of -2.55 and a beta of 1.99. The business has a 50-day moving average price of $9.94 and a 200-day moving average price of $10.36. 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 declared 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. The ex-dividend date is Tuesday, December 31st. This is a positive change from Vermilion Energy's previous quarterly dividend of $0.09. This represents a $0.36 dividend on an annualized basis and a yield of 3.73%. Vermilion Energy's dividend payout ratio (DPR) is currently -9.36%.

Institutional Trading of Vermilion Energy

A number of institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC lifted its holdings in Vermilion Energy by 11.9% in the 2nd quarter. SG Americas Securities LLC now owns 35,646 shares of the oil and gas company's stock valued at $392,000 after purchasing an additional 3,778 shares in the last quarter. Perkins Coie Trust Co purchased a new position in Vermilion Energy in the 2nd quarter worth approximately $182,000. Albert D Mason Inc. acquired a new position in shares of Vermilion Energy during the 2nd quarter worth approximately $1,034,000. Clear Harbor Asset Management LLC grew its position in shares of Vermilion Energy by 149.8% in the second quarter. Clear Harbor Asset Management LLC now owns 144,427 shares of the oil and gas company's stock valued at $1,590,000 after purchasing an additional 86,606 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Vermilion Energy by 1.2% in the second 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. 31.91% of the stock is 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.