Atria Wealth Solutions Inc. Buys 10,000 Shares of Vaalco Energy Inc $EGY

Atria Wealth Solutions Inc. increased its stake in Vaalco Energy Inc (NYSE:EGY) by 100.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the energy company’s stock after buying an additional 10,000 shares during the period. Atria Wealth Solutions Inc.’s holdings in Vaalco Energy were worth $75,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Kornitzer Capital Management Inc. KS raised its stake in Vaalco Energy by 7.1% in the first quarter. Kornitzer Capital Management Inc. KS now owns 2,984,055 shares of the energy company’s stock worth $11,220,000 after buying an additional 197,790 shares in the last quarter. Geode Capital Management LLC raised its stake in Vaalco Energy by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,510,060 shares of the energy company’s stock worth $10,972,000 after buying an additional 16,473 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Vaalco Energy by 51.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,468,093 shares of the energy company’s stock valued at $10,784,000 after purchasing an additional 834,398 shares in the last quarter. First Sabrepoint Capital Management LP increased its stake in shares of Vaalco Energy by 34.5% during the fourth quarter. First Sabrepoint Capital Management LP now owns 1,950,000 shares of the energy company’s stock valued at $8,522,000 after purchasing an additional 500,000 shares in the last quarter. Finally, Millennium Management LLC bought a new position in shares of Vaalco Energy during the fourth quarter valued at approximately $6,515,000. 50.32% of the stock is owned by institutional investors.

Vaalco Energy Price Performance

Shares of NYSE EGY opened at $3.71 on Monday. Vaalco Energy Inc has a fifty-two week low of $3.00 and a fifty-two week high of $6.82. The company has a 50 day simple moving average of $3.75 and a two-hundred day simple moving average of $3.71. The company has a market capitalization of $386.80 million, a price-to-earnings ratio of 10.31 and a beta of 0.89. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 1.39.

Vaalco Energy (NYSE:EGY) last announced its earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. Vaalco Energy had a net margin of 8.26% and a return on equity of 4.64%. The business had revenue of $96.89 million during the quarter, compared to the consensus estimate of $89.40 million. Analysts expect that Vaalco Energy Inc will post 0.43 EPS for the current fiscal year.

Vaalco Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be issued a dividend of $0.0625 per share. The ex-dividend date is Friday, August 22nd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 6.7%. Vaalco Energy’s dividend payout ratio is presently 69.44%.

Analyst Ratings Changes

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

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.