Vaalco Energy Inc $EGY Shares Bought by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC grew its holdings in shares of Vaalco Energy Inc (NYSE:EGY) by 3.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 129,293 shares of the energy company’s stock after acquiring an additional 4,118 shares during the quarter. SummerHaven Investment Management LLC owned about 0.12% of Vaalco Energy worth $467,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in EGY. Signaturefd LLC boosted its stake in 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 purchasing an additional 6,237 shares in the last quarter. Highline Wealth Partners LLC bought a new position in Vaalco Energy during the 2nd quarter valued at $29,000. Goldman Sachs Group Inc. lifted its holdings in shares of Vaalco Energy by 32.9% in the first 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 period. Strs Ohio acquired a new stake in shares of Vaalco Energy in the first quarter valued at $343,000. Finally, Empowered Funds LLC lifted its holdings in shares of Vaalco Energy by 5.6% in the first quarter. Empowered Funds LLC now owns 573,580 shares of the energy company’s stock valued at $2,157,000 after buying an additional 30,295 shares during the period. Institutional investors and hedge funds own 50.32% of the company’s stock.

Wall Street Analyst Weigh In

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

Vaalco Energy Trading Down 4.7%

Shares of Vaalco Energy stock opened at $4.05 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 0.24. The firm has a market cap of $422.24 million, a price-to-earnings ratio of 11.25 and a beta of 0.97. The business has a fifty day simple moving average of $3.89 and a 200-day simple moving average of $3.68. Vaalco Energy Inc has a fifty-two week low of $3.00 and a fifty-two week high of $6.45.

Vaalco Energy (NYSE:EGY) last announced its earnings results on Thursday, August 7th. The energy company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. Vaalco Energy had a return on equity of 4.64% and a net margin of 8.26%.The business had revenue of $96.89 million during the quarter, compared to the consensus estimate of $89.40 million. On average, equities analysts forecast that Vaalco Energy Inc will post 0.43 EPS for the current fiscal year.

Vaalco Energy Announces Dividend

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

Vaalco Energy 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.