American Century Companies Inc. Has $15.63 Million Holdings in Vaalco Energy Inc $EGY

Key Points

• American Century Companies Inc. increased its stake in Vaalco Energy Inc. by 6.6%, owning approximately 4.16 million shares worth $15.63 million.
• Vaalco Energy reported a net revenue of $96.89 million during the latest quarter, exceeding analyst expectations.
• Vaalco Energy announced a quarterly dividend of $0.0625 per share, resulting in an annualized yield of 6.3%.

American Century Companies Inc. lifted its position in shares of Vaalco Energy Inc (NYSE:EGY - Free Report) by 6.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,157,772 shares of the energy company's stock after purchasing an additional 255,788 shares during the quarter. American Century Companies Inc. owned approximately 3.96% of Vaalco Energy worth $15,633,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Vaalco Energy by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,794 shares of the energy company's stock worth $261,000 after purchasing an additional 2,584 shares in the last quarter. MetLife Investment Management LLC raised its stake in Vaalco Energy by 6.0% during the fourth quarter. MetLife Investment Management LLC now owns 55,639 shares of the energy company's stock worth $243,000 after acquiring an additional 3,142 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Vaalco Energy by 2.9% during the first quarter. SummerHaven Investment Management LLC now owns 125,175 shares of the energy company's stock valued at $471,000 after acquiring an additional 3,507 shares during the period. Ancora Advisors LLC lifted its holdings in shares of Vaalco Energy by 1.0% during the fourth quarter. Ancora Advisors LLC now owns 372,662 shares of the energy company's stock valued at $1,629,000 after acquiring an additional 3,850 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Vaalco Energy by 7.4% during the fourth quarter. Wells Fargo & Company MN now owns 67,550 shares of the energy company's stock valued at $295,000 after acquiring an additional 4,638 shares during the period. Institutional investors and hedge funds own 50.32% of the company's stock.

Vaalco Energy Stock Up 2.6%

Shares of NYSE EGY opened at $3.9590 on Monday. The stock has a market cap of $412.77 million, a PE ratio of 11.00 and a beta of 0.89. The business has a fifty day moving average of $3.75 and a two-hundred day moving average of $3.70. Vaalco Energy Inc has a 52-week low of $3.00 and a 52-week high of $6.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 1.39.

Vaalco Energy (NYSE:EGY - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $96.89 million during the quarter, compared to analysts' expectations of $89.40 million. As a group, equities research analysts expect that Vaalco Energy Inc will post 0.43 earnings per share for the current fiscal year.

Vaalco Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 6.3%. The ex-dividend date is Friday, August 22nd. Vaalco Energy's dividend payout ratio (DPR) is presently 69.44%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Vaalco Energy from a "buy" rating to a "hold" rating in a report on Friday, May 16th.

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.

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