American Century Companies Inc. Has $15.97 Million Position in Vaalco Energy Inc $EGY

American Century Companies Inc. increased its stake in shares of Vaalco Energy Inc (NYSE:EGY) by 6.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,424,286 shares of the energy company’s stock after purchasing an additional 266,514 shares during the quarter. American Century Companies Inc. owned approximately 4.26% of Vaalco Energy worth $15,972,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EGY. Intech Investment Management LLC boosted its position in Vaalco Energy by 5.9% in the second quarter. Intech Investment Management LLC now owns 59,915 shares of the energy company’s stock valued at $216,000 after buying an additional 3,349 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in shares of Vaalco Energy by 5.5% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 67,907 shares of the energy company’s stock valued at $245,000 after acquiring an additional 3,551 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of Vaalco Energy by 3.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 129,293 shares of the energy company’s stock valued at $467,000 after acquiring an additional 4,118 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Vaalco Energy by 545.7% during the 2nd quarter. Signaturefd LLC now owns 7,380 shares of the energy company’s stock valued at $27,000 after acquiring an additional 6,237 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Vaalco Energy by 810.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,410 shares of the energy company’s stock valued at $27,000 after acquiring an additional 6,596 shares in the last quarter. Institutional investors own 50.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EGY. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vaalco Energy in a report on Monday. Wall Street Zen upgraded Vaalco Energy from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research upgraded shares of Vaalco Energy from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Vaalco Energy presently has an average rating of “Hold”.

Vaalco Energy Stock Down 1.3%

Shares of Vaalco Energy stock opened at $3.49 on Wednesday. The stock’s 50-day moving average is $3.82 and its 200 day moving average is $3.77. Vaalco Energy Inc has a one year low of $3.00 and a one year high of $5.25. The firm has a market cap of $363.34 million, a price-to-earnings ratio of 12.91 and a beta of 0.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.05 and a quick ratio of 0.99.

Vaalco Energy (NYSE:EGY) last issued its earnings results on Monday, November 10th. The energy company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). Vaalco Energy had a return on equity of 1.02% and a net margin of 7.40%.The business had revenue of $61.01 million during the quarter, compared to the consensus estimate of $74.30 million. Equities research analysts anticipate that Vaalco Energy Inc will post 0.43 EPS for the current year.

Vaalco Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Friday, November 21st will be paid a $0.0625 dividend. The ex-dividend date is Friday, November 21st. This represents a $0.25 annualized dividend and a dividend yield of 7.2%. Vaalco Energy’s payout ratio is currently 92.59%.

About Vaalco Energy

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.