Signaturefd LLC Purchases 6,237 Shares of Vaalco Energy Inc $EGY

Signaturefd LLC increased its position in shares of Vaalco Energy Inc (NYSE:EGY) by 545.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,380 shares of the energy company’s stock after acquiring an additional 6,237 shares during the period. Signaturefd LLC’s holdings in Vaalco Energy were worth $27,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC bought a new stake in Vaalco Energy during the 1st quarter worth $312,000. CWA Asset Management Group LLC grew its position in Vaalco Energy by 36.9% during the 1st quarter. CWA Asset Management Group LLC now owns 109,892 shares of the energy company’s stock worth $413,000 after acquiring an additional 29,635 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its position in Vaalco Energy by 7.1% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 2,984,055 shares of the energy company’s stock worth $11,220,000 after acquiring an additional 197,790 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Vaalco Energy by 36.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 35,501 shares of the energy company’s stock worth $133,000 after acquiring an additional 9,544 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Vaalco Energy by 32.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 737,435 shares of the energy company’s stock valued at $2,773,000 after buying an additional 182,489 shares during the last quarter. Institutional investors own 50.32% of the company’s stock.

Vaalco Energy Stock Down 0.9%

EGY stock opened at $4.05 on Wednesday. The stock’s 50 day simple moving average is $3.92 and its 200 day simple moving average is $3.69. Vaalco Energy Inc has a fifty-two week low of $3.00 and a fifty-two week high of $6.30. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 1.39. The company has a market cap of $421.73 million, a P/E ratio of 11.24 and a beta of 0.94.

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

Vaalco Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were given a $0.0625 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $0.25 annualized dividend and a yield of 6.2%. Vaalco Energy’s payout ratio is currently 69.44%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Vaalco Energy in a research report on Saturday, September 27th. Zacks Research upgraded Vaalco Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company 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.