Wilmington Savings Fund Society FSB Purchases Shares of 53,578 VAALCO Energy, Inc. (NYSE:EGY)

Wilmington Savings Fund Society FSB purchased a new stake in VAALCO Energy, Inc. (NYSE:EGY) during the 3rd quarter, Holdings Channel reports. The firm purchased 53,578 shares of the energy company’s stock, valued at approximately $308,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EGY. Dimensional Fund Advisors LP increased its stake in VAALCO Energy by 7,129.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 895,210 shares of the energy company’s stock valued at $5,613,000 after buying an additional 882,827 shares during the last quarter. Foundry Partners LLC increased its stake in VAALCO Energy by 156.8% in the 3rd quarter. Foundry Partners LLC now owns 1,200,474 shares of the energy company’s stock valued at $6,891,000 after buying an additional 733,084 shares during the last quarter. American Century Companies Inc. increased its stake in VAALCO Energy by 33.2% in the 2nd quarter. American Century Companies Inc. now owns 2,813,832 shares of the energy company’s stock valued at $17,643,000 after buying an additional 701,568 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in VAALCO Energy by 66.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 962,824 shares of the energy company’s stock valued at $5,527,000 after buying an additional 386,071 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of VAALCO Energy during the 3rd quarter worth about $1,676,000. 50.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of VAALCO Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th.

VAALCO Energy Stock Up 1.0 %

VAALCO Energy stock opened at $4.73 on Wednesday. The firm has a market capitalization of $490.19 million, a PE ratio of 5.56 and a beta of 1.18. The company’s 50-day moving average is $5.39 and its 200-day moving average is $5.97. VAALCO Energy, Inc. has a fifty-two week low of $4.03 and a fifty-two week high of $7.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.34 and a quick ratio of 1.32.

VAALCO Energy (NYSE:EGY) last released its quarterly earnings data on Monday, November 11th. The energy company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.04). The firm had revenue of $140.33 million for the quarter, compared to analyst estimates of $128.64 million. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. During the same quarter in the prior year, the firm earned $0.07 earnings per share. Sell-side analysts anticipate that VAALCO Energy, Inc. will post 0.5 earnings per share for the current year.

VAALCO Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 22nd will be issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 5.29%. The ex-dividend date of this dividend is Friday, November 22nd. VAALCO Energy’s payout ratio is 29.41%.

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.