Intech Investment Management LLC Purchases New Stake in VAALCO Energy, Inc. (NYSE:EGY)

Intech Investment Management LLC purchased a new position in VAALCO Energy, Inc. (NYSE:EGY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,144 shares of the energy company’s stock, valued at approximately $173,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Simplicity Wealth LLC increased its holdings in VAALCO Energy by 13.8% during the 2nd quarter. Simplicity Wealth LLC now owns 13,617 shares of the energy company’s stock valued at $85,000 after purchasing an additional 1,648 shares during the period. Lakewood Asset Management LLC raised its holdings in shares of VAALCO Energy by 7.5% during the third quarter. Lakewood Asset Management LLC now owns 47,424 shares of the energy company’s stock valued at $272,000 after acquiring an additional 3,314 shares in the last quarter. Morgan Dempsey Capital Management LLC boosted its holdings in VAALCO Energy by 5.1% in the second quarter. Morgan Dempsey Capital Management LLC now owns 79,559 shares of the energy company’s stock valued at $499,000 after acquiring an additional 3,836 shares in the last quarter. Rhumbline Advisers increased its position in VAALCO Energy by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 168,581 shares of the energy company’s stock valued at $1,057,000 after purchasing an additional 3,978 shares during the period. Finally, SG Americas Securities LLC raised its holdings in VAALCO Energy by 25.9% in the 3rd quarter. SG Americas Securities LLC now owns 19,352 shares of the energy company’s stock worth $111,000 after purchasing an additional 3,978 shares in the last quarter. 50.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

VAALCO Energy Stock Performance

Shares of VAALCO Energy stock opened at $4.81 on Friday. The business has a fifty day simple moving average of $5.57 and a two-hundred day simple moving average of $6.03. The firm has a market capitalization of $498.99 million, a P/E ratio of 5.66 and a beta of 1.18. The company has a current ratio of 1.34, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14. VAALCO Energy, Inc. has a 12 month low of $4.03 and a 12 month high of $7.51.

VAALCO Energy (NYSE:EGY) last posted its quarterly earnings results on Monday, November 11th. The energy company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.04). The company had revenue of $140.33 million during the quarter, compared to analysts’ expectations of $128.64 million. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. During the same quarter in the previous year, the company earned $0.07 EPS. On average, equities analysts forecast that VAALCO Energy, Inc. will post 0.5 earnings per share 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 paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date is Friday, November 22nd. VAALCO Energy’s payout ratio is 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.