Strs Ohio Invests $343,000 in Vaalco Energy Inc $EGY

Key Points

• Strs Ohio has invested approximately $343,000 in Vaalco Energy Inc, acquiring 91,200 shares of its stock during Q1, representing a 0.09% ownership stake.
• Vaalco Energy reported a quarterly revenue of $96.89 million, exceeding analysts' expectations, with earnings per share (EPS) meeting the consensus at $0.02.
• The company has recently announced a dividend, providing shareholders with a quarterly payment of $0.0625 per share, translating to an annual yield of 5.9%.

Strs Ohio acquired a new stake in Vaalco Energy Inc (NYSE:EGY - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 91,200 shares of the energy company's stock, valued at approximately $343,000. Strs Ohio owned about 0.09% of Vaalco Energy as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of EGY. Janney Montgomery Scott LLC acquired a new position in Vaalco Energy in the first quarter valued at $312,000. CWA Asset Management Group LLC lifted its stake in shares of Vaalco Energy by 36.9% in the 1st quarter. CWA Asset Management Group LLC now owns 109,892 shares of the energy company's stock valued at $413,000 after purchasing an additional 29,635 shares during the period. Kornitzer Capital Management Inc. KS boosted its position in shares of 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 valued at $11,220,000 after purchasing an additional 197,790 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Vaalco Energy during the 4th quarter valued at about $6,515,000. Finally, Squarepoint Ops LLC acquired a new stake in Vaalco Energy during the fourth quarter worth approximately $497,000. Institutional investors own 50.32% of the company's stock.

Vaalco Energy Stock Performance

EGY opened at $4.27 on Wednesday. Vaalco Energy Inc has a 1-year low of $3.00 and a 1-year high of $6.45. The company has a market cap of $445.49 million, a price-to-earnings ratio of 11.87 and a beta of 0.97. The company's fifty day moving average price is $3.84 and its two-hundred day moving average price is $3.68. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24.

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

Vaalco Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Friday, August 22nd. Vaalco Energy's payout ratio is currently 69.44%.

Analysts Set New Price Targets

Separately, Zacks Research raised Vaalco Energy from a "strong sell" rating to a "hold" rating in a research note on Monday, September 1st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold".

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.

Want to see what other hedge funds are holding EGY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vaalco Energy Inc (NYSE:EGY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.