VAALCO Energy, Inc. (NYSE:EGY) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in shares of VAALCO Energy, Inc. (NYSE:EGY) by 8.3% during the third quarter, HoldingsChannel.com reports. The fund owned 107,623 shares of the energy company’s stock after purchasing an additional 8,209 shares during the quarter. Victory Capital Management Inc.’s holdings in VAALCO Energy were worth $618,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in VAALCO Energy by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 6,024,145 shares of the energy company’s stock worth $41,988,000 after acquiring an additional 124,853 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of VAALCO Energy by 221.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 33,782 shares of the energy company’s stock worth $235,000 after purchasing an additional 23,288 shares during the period. Price T Rowe Associates Inc. MD grew its position in VAALCO Energy by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,678 shares of the energy company’s stock valued at $458,000 after buying an additional 4,590 shares during the last quarter. Simplicity Wealth LLC raised its position in VAALCO Energy by 13.8% during the 2nd quarter. Simplicity Wealth LLC now owns 13,617 shares of the energy company’s stock worth $85,000 after buying an additional 1,648 shares during the last quarter. Finally, Annex Advisory Services LLC lifted its stake in shares of VAALCO Energy by 11.1% in the 2nd quarter. Annex Advisory Services LLC now owns 246,286 shares of the energy company’s stock worth $1,544,000 after acquiring an additional 24,691 shares during the period. 50.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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 Trading Down 0.2 %

Shares of EGY stock opened at $5.11 on Friday. 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. The business’s fifty day moving average price is $5.66 and its 200 day moving average price is $6.09. The firm has a market capitalization of $530.11 million, a PE ratio of 6.01 and a beta of 1.19.

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 company had revenue of $140.33 million during the quarter, compared to analysts’ expectations of $128.64 million. During the same quarter in the prior year, the business earned $0.07 EPS. As a group, sell-side analysts forecast that VAALCO Energy, Inc. will post 0.5 EPS for the current fiscal year.

VAALCO Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 22nd will be issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date is Friday, November 22nd. VAALCO Energy’s dividend payout ratio is currently 29.41%.

VAALCO Energy 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.