Cwm LLC Acquires 6,989 Shares of Vaalco Energy Inc (NYSE:EGY)

Cwm LLC boosted its holdings in shares of Vaalco Energy Inc (NYSE:EGY) by 259.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,681 shares of the energy company’s stock after acquiring an additional 6,989 shares during the period. Cwm LLC’s holdings in Vaalco Energy were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in shares of Vaalco Energy by 776.1% in the first quarter. Parallel Advisors LLC now owns 8,305 shares of the energy company’s stock valued at $31,000 after purchasing an additional 7,357 shares in the last quarter. CIBC Private Wealth Group LLC bought a new stake in shares of Vaalco Energy in the fourth quarter valued at about $38,000. Simplicity Wealth LLC bought a new stake in shares of Vaalco Energy in the first quarter valued at about $40,000. First Manhattan CO. LLC. bought a new stake in shares of Vaalco Energy in the fourth quarter valued at about $50,000. Finally, HBK Sorce Advisory LLC bought a new stake in shares of Vaalco Energy in the first quarter valued at about $51,000. 50.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Vaalco Energy Price Performance

NYSE:EGY opened at $3.60 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.09 and a current ratio of 1.13. The stock’s 50-day simple moving average is $3.68 and its 200 day simple moving average is $3.75. The company has a market cap of $373.23 million, a P/E ratio of 6.54 and a beta of 0.89. Vaalco Energy Inc has a 52-week low of $3.00 and a 52-week high of $6.82.

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

Vaalco Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 23rd were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend was Friday, May 23rd. Vaalco Energy’s payout ratio is 45.45%.

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.