Nuveen LLC Buys Shares of 440,131 Vaalco Energy Inc $EGY

Key Points

• Nuveen LLC has acquired a new position in Vaalco Energy Inc, purchasing 440,131 shares valued at approximately $1.66 million, which represents about 0.42% of the company's total shares.
• The energy company announced a quarterly dividend of $0.0625 per share, translating to an annualized yield of 6.4%, to be paid on September 19th.
• According to its recent earnings report, Vaalco Energy reported $0.02 earnings per share, aligning with analysts' expectations, and achieved a revenue of $96.89 million for the quarter.

Nuveen LLC purchased a new position in shares of Vaalco Energy Inc (NYSE:EGY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 440,131 shares of the energy company's stock, valued at approximately $1,655,000. Nuveen LLC owned 0.42% of Vaalco Energy at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EGY. Wells Fargo & Company MN increased its stake in Vaalco Energy by 7.4% during the 4th quarter. Wells Fargo & Company MN now owns 67,550 shares of the energy company's stock worth $295,000 after buying an additional 4,638 shares during the period. Raymond James Financial Inc. purchased a new stake in Vaalco Energy during the 4th quarter worth $94,000. Barclays PLC increased its stake in Vaalco Energy by 11.6% during the 4th quarter. Barclays PLC now owns 179,388 shares of the energy company's stock worth $784,000 after buying an additional 18,652 shares during the period. Dimensional Fund Advisors LP increased its stake 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 buying an additional 834,398 shares during the period. Finally, MetLife Investment Management LLC increased its stake in Vaalco Energy by 6.0% during the 4th quarter. MetLife Investment Management LLC now owns 55,639 shares of the energy company's stock worth $243,000 after buying an additional 3,142 shares during the period. Hedge funds and other institutional investors own 50.32% of the company's stock.

Vaalco Energy Stock Performance

Shares of NYSE EGY traded up $0.07 during midday trading on Tuesday, hitting $3.95. The company's stock had a trading volume of 590,725 shares, compared to its average volume of 919,141. Vaalco Energy Inc has a 1-year low of $3.00 and a 1-year high of $6.45. The firm's fifty day moving average price is $3.76 and its 200-day moving average price is $3.68. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 1.39. The firm has a market cap of $411.83 million, a P/E ratio of 10.97 and a beta of 0.97.

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

Vaalco Energy Dividend Announcement

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

Analyst Ratings Changes

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