292,054 Shares in VAALCO Energy, Inc. (NYSE:EGY) Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC purchased a new stake in VAALCO Energy, Inc. (NYSE:EGY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 292,054 shares of the energy company’s stock, valued at approximately $1,676,000. Segall Bryant & Hamill LLC owned 0.28% of VAALCO Energy as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Gladius Capital Management LP purchased a new position in VAALCO Energy in the second quarter valued at $28,000. Innealta Capital LLC purchased a new position in shares of VAALCO Energy in the 2nd quarter valued at about $60,000. nVerses Capital LLC acquired a new position in shares of VAALCO Energy during the third quarter worth about $60,000. Crestmont Private Wealth LLC purchased a new stake in shares of VAALCO Energy during the third quarter worth approximately $63,000. Finally, Arkadios Wealth Advisors acquired a new stake in VAALCO Energy in the second quarter valued at approximately $64,000. Institutional investors and hedge funds own 50.32% of the company’s stock.

VAALCO Energy Stock Up 1.2 %

Shares of NYSE EGY opened at $5.41 on Friday. The business has a 50-day moving average of $5.72 and a two-hundred day moving average of $6.12. The company has a market capitalization of $561.23 million, a price-to-earnings ratio of 6.36 and a beta of 1.19. VAALCO Energy, Inc. has a 1 year low of $4.03 and a 1 year high of $7.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.34 and a quick ratio of 1.32.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings results on Monday, November 11th. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. The business had revenue of $140.33 million during the quarter, compared to analyst estimates of $128.64 million. During the same period last year, the company earned $0.07 earnings per share. On average, analysts forecast that VAALCO Energy, Inc. will post 0.5 earnings per share for the current fiscal year.

VAALCO Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 22nd will be paid a dividend of $0.0625 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.25 annualized dividend and a yield of 4.62%. VAALCO Energy’s dividend payout ratio is currently 29.41%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of VAALCO Energy from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

VAALCO Energy Company Profile

VAALCO Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, and Canada. The company holds 58.8% interest in the Etame production sharing contract related to the Etame Marin block covering an area of approximately 46,200 gross acres located offshore in the Republic of Gabon in West Africa.