Versor Investments LP Buys 126,500 Shares of Vaalco Energy Inc $EGY

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 grew its holdings in Vaalco Energy Inc (NYSE:EGY - Free Report) by 160.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 205,300 shares of the energy company's stock after buying an additional 126,500 shares during the quarter. Versor Investments LP owned 0.20% of Vaalco Energy worth $772,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. American Century Companies Inc. raised its stake in shares of Vaalco Energy by 6.6% in the 1st quarter. American Century Companies Inc. now owns 4,157,772 shares of the energy company's stock valued at $15,633,000 after buying an additional 255,788 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its stake in shares of Vaalco Energy by 7.1% in 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 buying an additional 197,790 shares in the last quarter. Geode Capital Management LLC raised 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 buying an additional 16,473 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Vaalco Energy by 51.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,468,093 shares of the energy company's stock valued at $10,784,000 after buying an additional 834,398 shares in the last quarter. Finally, First Sabrepoint Capital Management LP raised its stake in shares of Vaalco Energy by 34.5% in the 4th quarter. First Sabrepoint Capital Management LP now owns 1,950,000 shares of the energy company's stock valued at $8,522,000 after buying an additional 500,000 shares in the last quarter. Institutional investors and hedge funds own 50.32% of the company's stock.

Vaalco Energy Price Performance

Shares of EGY traded up $0.0990 during trading hours on Friday, hitting $3.9590. The stock had a trading volume of 1,362,720 shares, compared to its average volume of 834,791. The company's fifty day moving average is $3.75 and its two-hundred day moving average is $3.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.39 and a quick ratio of 1.38. Vaalco Energy Inc has a 52 week low of $3.00 and a 52 week high of $6.66. The stock has a market capitalization of $412.77 million, a price-to-earnings ratio of 11.00 and a beta of 0.89.

Vaalco Energy (NYSE:EGY - Get Free Report) last posted its earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share for the quarter, hitting 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 for the quarter, compared to analyst estimates of $89.40 million. On average, analysts anticipate that Vaalco Energy Inc will post 0.43 EPS for the current year.

Vaalco Energy Announces Dividend

The company also recently announced 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 dividend payout ratio is presently 69.44%.

Analyst Upgrades and Downgrades

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

Vaalco Energy Company 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.