Vaalco Energy Inc (NYSE:EGY) Stock Holdings Increased by Koss Olinger Consulting LLC

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 lifted 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 filing with the SEC. The fund owned 140,727 shares of the energy company's stock after acquiring an additional 120,582 shares during the quarter. Koss Olinger Consulting LLC owned 0.13% of Vaalco Energy worth $529,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of Vaalco Energy in the fourth quarter valued at about $94,000. JPMorgan Chase & Co. grew its holdings in shares of Vaalco Energy by 61.1% during the fourth quarter. JPMorgan Chase & Co. now owns 246,107 shares of the energy company's stock worth $1,075,000 after buying an additional 93,309 shares in the last quarter. Geode Capital Management LLC grew its holdings in Vaalco Energy by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,510,060 shares of the energy company's stock valued at $10,972,000 after purchasing an additional 16,473 shares during the period. Wells Fargo & Company MN grew its holdings in Vaalco Energy by 7.4% in the fourth quarter. Wells Fargo & Company MN now owns 67,550 shares of the energy company's stock valued at $295,000 after purchasing an additional 4,638 shares during the period. Finally, Legal & General Group Plc grew its holdings in Vaalco Energy by 7.5% in the fourth quarter. Legal & General Group Plc now owns 116,334 shares of the energy company's stock valued at $508,000 after purchasing an additional 8,106 shares during the period. 50.32% of the stock is currently owned by institutional investors and hedge funds.

Vaalco Energy Stock Performance

EGY stock traded down $0.04 during trading on Thursday, hitting $3.73. 459,339 shares of the company's stock traded hands, compared to its average volume of 920,451. The company has a quick ratio of 1.09, a current ratio of 1.39 and a debt-to-equity ratio of 0.24. Vaalco Energy Inc has a 52 week low of $3.00 and a 52 week high of $6.82. The stock has a fifty day moving average price of $3.74 and a two-hundred day moving average price of $3.72. The stock has a market capitalization of $388.37 million, a price-to-earnings ratio of 10.32 and a beta of 0.89.

Vaalco Energy (NYSE:EGY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The energy company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $96.89 million during the quarter, compared to analyst estimates of $89.40 million. Vaalco Energy had a net margin of 8.26% and a return on equity of 4.64%. As a group, equities analysts anticipate that Vaalco Energy Inc will post 0.43 EPS for the current fiscal year.

Vaalco Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.0625 per share. The ex-dividend date is Friday, August 22nd. This represents a $0.25 annualized dividend and a dividend yield of 6.7%. Vaalco Energy's dividend payout ratio (DPR) is 69.44%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Vaalco Energy from a "buy" rating to a "hold" rating in a research 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.