Bridgeway Capital Management LLC Has $4.79 Million Stock Holdings in Vaalco Energy Inc $EGY

Key Points

• Bridgeway Capital Management LLC has reduced its stake in Vaalco Energy Inc. by 9.4%, now holding 1,273,780 shares valued at approximately $4.79 million.
• Analysts have adjusted their ratings for Vaalco Energy, with Wall Street Zen downgrading it from "buy" to "hold," while Zacks upgraded it from "strong sell" to "hold."
• Vaalco Energy recently declared a quarterly dividend of $0.0625, representing an annual yield of 6.3% and a payout ratio of 69.44%.

Bridgeway Capital Management LLC lessened its position in shares of Vaalco Energy Inc (NYSE:EGY - Free Report) by 9.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,273,780 shares of the energy company's stock after selling 131,705 shares during the quarter. Bridgeway Capital Management LLC owned about 1.21% of Vaalco Energy worth $4,789,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new position in shares of Vaalco Energy during the first quarter valued at $312,000. CWA Asset Management Group LLC lifted its stake in shares of Vaalco Energy by 36.9% during the first quarter. CWA Asset Management Group LLC now owns 109,892 shares of the energy company's stock valued at $413,000 after acquiring an additional 29,635 shares during the period. Kornitzer Capital Management Inc. KS lifted its stake in shares of Vaalco Energy by 7.1% during the first quarter. Kornitzer Capital Management Inc. KS now owns 2,984,055 shares of the energy company's stock valued at $11,220,000 after acquiring an additional 197,790 shares during the period. Millennium Management LLC acquired a new position in Vaalco Energy in the fourth quarter valued at about $6,515,000. Finally, Squarepoint Ops LLC acquired a new position in Vaalco Energy in the fourth quarter valued at about $497,000. Institutional investors and hedge funds own 50.32% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on EGY shares. Wall Street Zen lowered Vaalco Energy from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. Zacks Research raised Vaalco Energy from a "strong sell" rating to a "hold" rating in a research note on Monday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold".

Vaalco Energy Stock Up 3.4%

Shares of Vaalco Energy stock opened at $3.94 on Friday. Vaalco Energy Inc has a 1 year low of $3.00 and a 1 year high of $6.45. The business has a 50-day moving average of $3.77 and a two-hundred day moving average of $3.68. The company has a market capitalization of $410.78 million, a P/E ratio of 10.94 and a beta of 0.97. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.39 and a quick ratio of 1.38.

Vaalco Energy (NYSE:EGY - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 the consensus estimate of $89.40 million. As a group, equities analysts predict that Vaalco Energy Inc will post 0.43 EPS for the current year.

Vaalco Energy Dividend Announcement

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

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.

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