Janney Montgomery Scott LLC Invests $312,000 in Vaalco Energy Inc (NYSE:EGY)

Janney Montgomery Scott LLC acquired a new stake in Vaalco Energy Inc (NYSE:EGY - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 83,045 shares of the energy company's stock, valued at approximately $312,000. Janney Montgomery Scott LLC owned approximately 0.08% of Vaalco Energy at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. IFP Advisors Inc acquired a new position in Vaalco Energy in the fourth quarter valued at approximately $27,000. Parallel Advisors LLC lifted its stake in shares of Vaalco Energy by 776.1% in the 1st quarter. Parallel Advisors LLC now owns 8,305 shares of the energy company's stock valued at $31,000 after purchasing an additional 7,357 shares during the period. CIBC Private Wealth Group LLC acquired a new position in shares of Vaalco Energy in the 4th quarter valued at $38,000. Simplicity Wealth LLC bought a new position in shares of Vaalco Energy in the 1st quarter worth $40,000. Finally, First Manhattan CO. LLC. bought a new position in shares of Vaalco Energy in the 4th quarter worth $50,000. Institutional investors and hedge funds own 50.32% of the company's stock.

Vaalco Energy Trading Down 4.0%

Shares of NYSE:EGY traded down $0.16 during mid-day trading on Wednesday, reaching $3.81. The stock had a trading volume of 2,003,610 shares, compared to its average volume of 952,796. The firm has a 50 day simple moving average of $3.56 and a two-hundred day simple moving average of $3.85. Vaalco Energy Inc has a twelve month low of $3.00 and a twelve month high of $7.43. The firm has a market cap of $395.55 million, a PE ratio of 6.93 and a beta of 0.84. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13.

Vaalco Energy (NYSE:EGY - Get Free Report) last posted its earnings results on Thursday, May 8th. The energy company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Vaalco Energy had a net margin of 11.97% and a return on equity of 8.74%. The company had revenue of $110.33 million for the quarter, compared to analyst estimates of $99.30 million. On average, research analysts predict that Vaalco Energy Inc will post 0.43 EPS for the current fiscal year.

Vaalco Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 23rd were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date of this dividend was Friday, May 23rd. Vaalco Energy's dividend payout ratio is currently 45.45%.

Wall Street Analyst Weigh In

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

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.