Stock Traders Purchase Large Volume of Vermilion Energy Call Options (NYSE:VET)

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) was the recipient of some unusual options trading on Friday. Stock investors bought 2,428 call options on the company. This represents an increase of approximately 214% compared to the typical daily volume of 773 call options.

Wall Street Analyst Weigh In

VET has been the subject of a number of analyst reports. TD Securities reissued a “buy” rating on shares of Vermilion Energy in a report on Friday, July 31st. Desjardins raised shares of Vermilion Energy to a “hold” rating in a report on Thursday, July 16th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, May 19th. Wall Street Zen upgraded Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings raised Vermilion Energy from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, August 20th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $15.00.

Institutional Investors Weigh In On Vermilion Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in Vermilion Energy by 251.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 1,714 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Vermilion Energy by 178.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock worth $47,000 after buying an additional 4,136 shares during the last quarter. State of Wyoming raised its position in shares of Vermilion Energy by 24.3% during the 4th quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock valued at $74,000 after buying an additional 1,747 shares during the period. Amundi purchased a new stake in shares of Vermilion Energy during the 1st quarter valued at approximately $143,000. Finally, LPL Financial LLC acquired a new position in Vermilion Energy in the fourth quarter valued at approximately $92,000. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Vermilion Energy Price Performance

Shares of NYSE:VET traded down $0.04 during midday trading on Friday, hitting $12.98. The company had a trading volume of 197,611 shares, compared to its average volume of 1,826,635. Vermilion Energy has a twelve month low of $7.10 and a twelve month high of $14.82. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of -6.14 and a beta of 0.33. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.00 and a quick ratio of 0.90. The business’s 50-day simple moving average is $10.94 and its 200-day simple moving average is $11.58.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.57. The company had revenue of $390.53 million for the quarter, compared to analyst estimates of $330.39 million. Vermilion Energy had a positive return on equity of 5.26% and a negative net margin of 22.48%.

Vermilion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.54 annualized dividend and a dividend yield of 4.2%. Vermilion Energy’s payout ratio is presently -18.48%.

Vermilion Energy Company Profile

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).