Highline Wealth Partners LLC Invests $29,000 in Vaalco Energy Inc $EGY

Highline Wealth Partners LLC acquired a new position in shares of Vaalco Energy Inc (NYSE:EGY) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 8,000 shares of the energy company’s stock, valued at approximately $29,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. increased its holdings in shares of Vaalco Energy by 6.6% during the 1st quarter. American Century Companies Inc. now owns 4,157,772 shares of the energy company’s stock worth $15,633,000 after buying an additional 255,788 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its holdings in Vaalco Energy by 7.1% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 2,984,055 shares of the energy company’s stock valued at $11,220,000 after purchasing an additional 197,790 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Vaalco Energy by 49.2% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,825,000 shares of the energy company’s stock valued at $10,622,000 after purchasing an additional 931,230 shares in the last quarter. First Sabrepoint Capital Management LP increased its holdings in Vaalco Energy by 2.6% in the 1st quarter. First Sabrepoint Capital Management LP now owns 2,000,000 shares of the energy company’s stock valued at $7,520,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Foundry Partners LLC increased its holdings in Vaalco Energy by 0.7% in the 1st quarter. Foundry Partners LLC now owns 1,339,768 shares of the energy company’s stock valued at $5,038,000 after purchasing an additional 9,355 shares in the last quarter. 50.32% of the stock is currently owned by institutional investors and hedge funds.

Vaalco Energy Stock Up 0.2%

NYSE:EGY opened at $4.25 on Friday. The company has a market capitalization of $443.10 million, a price-to-earnings ratio of 11.81 and a beta of 0.97. Vaalco Energy Inc has a one year low of $3.00 and a one year high of $6.45. The stock has a 50-day simple moving average of $3.88 and a 200 day simple moving average of $3.69. 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 posted its quarterly earnings results on Thursday, August 7th. The energy company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $96.89 million during the quarter, compared to the consensus estimate of $89.40 million. Vaalco Energy had a return on equity of 4.64% and a net margin of 8.26%. Sell-side analysts predict that Vaalco Energy Inc will post 0.43 EPS for the current fiscal year.

Vaalco Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were issued a $0.0625 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $0.25 dividend on an annualized basis and a yield of 5.9%. Vaalco Energy’s dividend payout ratio (DPR) is currently 69.44%.

Analyst Ratings Changes

Separately, Zacks Research upgraded Vaalco Energy from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Vaalco Energy Company 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.