Koss Olinger Consulting LLC Buys 120,582 Shares of Vaalco Energy Inc (NYSE:EGY)

Key Points

• Koss Olinger Consulting LLC increased its ownership in Vaalco Energy Inc by 598.6%, acquiring an additional 120,582 shares, bringing its total to approximately 140,727 shares valued at $529,000.
• Vaalco Energy announced a quarterly dividend of $0.0625 per share, resulting in an annualized dividend of $0.25 and a yield of 6.6%.
• The company's stock increased by 5.9%, with current trading around $3.77, while maintaining a market cap of $391.40 million and a price-to-earnings ratio of 10.47.

Koss Olinger Consulting LLC grew its stake in Vaalco Energy Inc (NYSE:EGY - Free Report) by 598.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,727 shares of the energy company's stock after purchasing an additional 120,582 shares during the period. Koss Olinger Consulting LLC owned approximately 0.13% of Vaalco Energy worth $529,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Kornitzer Capital Management Inc. KS grew its position in Vaalco Energy by 7.1% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 2,984,055 shares of the energy company's stock worth $11,220,000 after acquiring an additional 197,790 shares during the last quarter. Geode Capital Management LLC grew its position in Vaalco Energy by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,510,060 shares of the energy company's stock worth $10,972,000 after acquiring an additional 16,473 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Vaalco Energy by 51.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,468,093 shares of the energy company's stock worth $10,784,000 after acquiring an additional 834,398 shares during the last quarter. First Sabrepoint Capital Management LP grew its position in Vaalco Energy by 34.5% during the 4th quarter. First Sabrepoint Capital Management LP now owns 1,950,000 shares of the energy company's stock worth $8,522,000 after acquiring an additional 500,000 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in Vaalco Energy during the 4th quarter worth approximately $6,515,000. 50.32% of the stock is currently owned by institutional investors.

Vaalco Energy Stock Up 5.9%

NYSE:EGY opened at $3.77 on Friday. The stock's fifty day moving average price is $3.71 and its two-hundred day moving average price is $3.73. Vaalco Energy Inc has a 52-week low of $3.00 and a 52-week high of $6.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.09 and a current ratio of 1.13. The company has a market cap of $391.40 million, a price-to-earnings ratio of 10.47 and a beta of 0.89.

Vaalco Energy (NYSE:EGY - Get Free Report) last posted its quarterly earnings data 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 4.67% and a net margin of 8.26%. The firm had revenue of $96.89 million for the quarter, compared to the consensus estimate of $89.40 million. On average, analysts anticipate that Vaalco Energy Inc will post 0.43 EPS for the current year.

Vaalco Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 6.6%. Vaalco Energy's dividend payout ratio is 69.44%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Vaalco Energy from a "buy" rating to a "hold" rating in a report 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.

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