1,830,994 Shares in Vaalco Energy Inc $EGY Purchased by CSM Advisors LLC

CSM Advisors LLC purchased a new position in shares of Vaalco Energy Inc (NYSE:EGY) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,830,994 shares of the energy company’s stock, valued at approximately $6,608,000. CSM Advisors LLC owned approximately 1.76% of Vaalco Energy at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC lifted its position in shares of Vaalco Energy by 5.5% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 67,907 shares of the energy company’s stock valued at $245,000 after buying an additional 3,551 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in Vaalco Energy by 3.3% during the second quarter. SummerHaven Investment Management LLC now owns 129,293 shares of the energy company’s stock valued at $467,000 after purchasing an additional 4,118 shares in the last quarter. Signaturefd LLC lifted its holdings in Vaalco Energy by 545.7% during the second 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. NewEdge Advisors LLC grew its position in shares of Vaalco Energy by 14.5% in the first quarter. NewEdge Advisors LLC now owns 54,171 shares of the energy company’s stock valued at $204,000 after purchasing an additional 6,840 shares during the period. Finally, CWM LLC increased its stake in shares of Vaalco Energy by 259.6% during the first quarter. CWM LLC now owns 9,681 shares of the energy company’s stock worth $36,000 after purchasing an additional 6,989 shares in the last quarter. 50.32% of the stock is owned by institutional investors and hedge funds.

Vaalco Energy Stock Up 3.0%

EGY stock opened at $3.93 on Monday. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average of $3.95 and a two-hundred day moving average of $3.74. Vaalco Energy Inc has a 12 month low of $3.00 and a 12 month high of $5.88. The company has a market cap of $409.21 million, a price-to-earnings ratio of 10.90 and a beta of 0.88.

Vaalco Energy (NYSE:EGY) last posted its quarterly earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $89.40 million. As a group, analysts forecast that Vaalco Energy Inc will post 0.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EGY. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vaalco Energy in a research note on Wednesday. Zacks Research raised Vaalco Energy from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Vaalco Energy 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.