Janney Montgomery Scott LLC Purchases New Stake in Vaalco Energy Inc (NYSE:EGY)

Janney Montgomery Scott LLC bought a new position in shares of Vaalco Energy Inc (NYSE:EGY) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 83,045 shares of the energy company’s stock, valued at approximately $312,000. Janney Montgomery Scott LLC owned about 0.08% of Vaalco Energy at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of EGY. IFP Advisors Inc acquired a new position in Vaalco Energy during the 4th quarter worth approximately $27,000. Parallel Advisors LLC boosted its position in Vaalco Energy by 776.1% during the 1st quarter. Parallel Advisors LLC now owns 8,305 shares of the energy company’s stock worth $31,000 after acquiring an additional 7,357 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new position in Vaalco Energy during the 4th quarter worth approximately $38,000. Simplicity Wealth LLC acquired a new position in Vaalco Energy during the 1st quarter worth approximately $40,000. Finally, First Manhattan CO. LLC. acquired a new position in Vaalco Energy during the 4th quarter worth approximately $50,000. 50.32% of the stock is currently owned by institutional investors and hedge funds.

Vaalco Energy Price Performance

EGY opened at $3.88 on Friday. Vaalco Energy Inc has a 1-year low of $3.00 and a 1-year high of $7.43. The stock’s fifty day simple moving average is $3.53 and its 200 day simple moving average is $3.85. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. The stock has a market cap of $402.82 million, a PE ratio of 7.05 and a beta of 0.84.

Vaalco Energy (NYSE:EGY) last posted its quarterly earnings results on Thursday, May 8th. The energy company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. Vaalco Energy had a return on equity of 8.74% and a net margin of 11.97%. The business had revenue of $110.33 million for the quarter, compared to analysts’ expectations of $99.30 million. As a group, research analysts expect that Vaalco Energy Inc will post 0.43 earnings per share for the current year.

Vaalco Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 23rd were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 6.44%. The ex-dividend date of this dividend was Friday, May 23rd. Vaalco Energy’s dividend payout ratio (DPR) is presently 45.45%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Vaalco Energy from a “buy” rating to a “hold” rating in a research note on Friday, May 16th.

About Vaalco Energy

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.