Vaalco Energy Inc $EGY Shares Purchased by Versor Investments LP

Key Points

• Versor Investments LP significantly increased its stake in Vaalco Energy Inc by 160.5% during the first quarter, owning 205,300 shares worth $772,000.
• Vaalco Energy declared a dividend of $0.0625 per share, amounting to an annualized yield of 6.8%, with the payment scheduled for September 19th.
• The company's latest earnings report showed a revenue of $96.89 million for the quarter, exceeding analysts' expectations of $89.40 million.

Versor Investments LP raised its stake in Vaalco Energy Inc (NYSE:EGY - Free Report) by 160.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 205,300 shares of the energy company's stock after purchasing an additional 126,500 shares during the quarter. Versor Investments LP owned 0.20% of Vaalco Energy worth $772,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of EGY. JPMorgan Chase & Co. grew its stake in shares of Vaalco Energy by 61.1% in the 4th quarter. JPMorgan Chase & Co. now owns 246,107 shares of the energy company's stock valued at $1,075,000 after purchasing an additional 93,309 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Vaalco Energy by 0.7% in the 4th 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 last quarter. Wells Fargo & Company MN grew its stake in shares of Vaalco Energy by 7.4% in the 4th 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 last quarter. Legal & General Group Plc grew its stake in shares of Vaalco Energy by 7.5% in the 4th 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 last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Vaalco Energy in the 4th quarter valued at approximately $94,000. 50.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Vaalco Energy Price Performance

EGY stock traded up $0.0990 during midday trading on Friday, hitting $3.9590. 1,362,720 shares of the stock were exchanged, compared to its average volume of 929,626. The stock's 50-day moving average price is $3.75 and its 200-day moving average price is $3.71. The stock has a market cap of $412.77 million, a price-to-earnings ratio of 11.00 and a beta of 0.89. Vaalco Energy Inc has a fifty-two week low of $3.00 and a fifty-two week high of $6.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 1.39.

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 the consensus estimate of $0.02. Vaalco Energy had a return on equity of 4.64% and a net margin of 8.26%.The business had revenue of $96.89 million for the quarter, compared to the consensus estimate of $89.40 million. Research analysts predict that Vaalco Energy Inc will post 0.43 earnings per share for the current year.

Vaalco Energy Announces Dividend

The business 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 $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Friday, August 22nd. Vaalco Energy's dividend payout ratio is currently 69.44%.

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.