Voya Investment Management LLC Has $116,000 Holdings in Vaalco Energy Inc $EGY

Voya Investment Management LLC lessened its stake in Vaalco Energy Inc (NYSE:EGY) by 9.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,817 shares of the energy company’s stock after selling 3,339 shares during the quarter. Voya Investment Management LLC’s holdings in Vaalco Energy were worth $116,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EGY. Bank of America Corp DE boosted its holdings in Vaalco Energy by 20.0% during the fourth quarter. Bank of America Corp DE now owns 165,410 shares of the energy company’s stock worth $723,000 after purchasing an additional 27,516 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Vaalco Energy during the fourth quarter worth $497,000. Parallel Advisors LLC boosted its holdings in Vaalco Energy by 776.1% during the first quarter. Parallel Advisors LLC now owns 8,305 shares of the energy company’s stock worth $31,000 after purchasing an additional 7,357 shares during the last quarter. Simplicity Wealth LLC acquired a new position in Vaalco Energy during the first quarter worth $40,000. Finally, SummerHaven Investment Management LLC lifted its stake in Vaalco Energy by 2.9% in the first quarter. SummerHaven Investment Management LLC now owns 125,175 shares of the energy company’s stock valued at $471,000 after acquiring an additional 3,507 shares during the last quarter. Institutional investors and hedge funds own 50.32% of the company’s stock.

Vaalco Energy Price Performance

NYSE:EGY opened at $4.07 on Thursday. Vaalco Energy Inc has a 52 week low of $3.00 and a 52 week high of $6.45. The firm has a market cap of $423.82 million, a price-to-earnings ratio of 11.29 and a beta of 0.94. The firm’s 50-day simple moving average is $3.90 and its 200 day simple moving average is $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 released 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. 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 for the quarter, compared to analyst estimates of $89.40 million. As a group, sell-side analysts predict that Vaalco Energy Inc will post 0.43 earnings per share for the current year.

Vaalco Energy Dividend Announcement

The company 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. This represents a $0.25 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Friday, August 22nd. Vaalco Energy’s dividend payout ratio (DPR) is currently 69.44%.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Vaalco Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock 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.