Dynamic Technology Lab Private Ltd acquired a new position in VAALCO Energy, Inc. (NYSE:EGY – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 102,004 shares of the energy company’s stock, valued at approximately $458,000. Dynamic Technology Lab Private Ltd owned approximately 0.10% of VAALCO Energy as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the business. Quotient Wealth Partners LLC bought a new stake in VAALCO Energy during the fourth quarter worth about $272,000. Jump Financial LLC bought a new stake in shares of VAALCO Energy during the 4th quarter worth approximately $502,000. BNP Paribas Financial Markets increased its holdings in VAALCO Energy by 22.5% during the fourth quarter. BNP Paribas Financial Markets now owns 95,615 shares of the energy company’s stock worth $429,000 after buying an additional 17,546 shares during the last quarter. Private Advisor Group LLC raised its position in VAALCO Energy by 10.6% during the fourth quarter. Private Advisor Group LLC now owns 36,923 shares of the energy company’s stock worth $166,000 after acquiring an additional 3,538 shares in the last quarter. Finally, Foundry Partners LLC lifted its stake in VAALCO Energy by 65.4% in the fourth quarter. Foundry Partners LLC now owns 877,205 shares of the energy company’s stock valued at $3,939,000 after acquiring an additional 347,005 shares during the last quarter. Institutional investors and hedge funds own 50.32% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of VAALCO Energy from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 20th.
Get Our Latest Stock Report on EGY
VAALCO Energy Stock Up 0.5 %
EGY stock opened at $5.95 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.64 and a debt-to-equity ratio of 0.16. The business’s 50 day simple moving average is $6.55 and its 200 day simple moving average is $5.16. VAALCO Energy, Inc. has a 1-year low of $3.55 and a 1-year high of $7.51. The firm has a market capitalization of $615.59 million, a PE ratio of 9.92 and a beta of 1.32.
VAALCO Energy (NYSE:EGY – Get Free Report) last released its quarterly earnings results on Wednesday, March 13th. The energy company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.22. The firm had revenue of $149.15 million for the quarter, compared to analysts’ expectations of $130.53 million. VAALCO Energy had a net margin of 13.60% and a return on equity of 14.04%. As a group, research analysts anticipate that VAALCO Energy, Inc. will post 0.2 EPS for the current year.
VAALCO Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 17th will be issued a dividend of $0.063 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.25 annualized dividend and a dividend yield of 4.24%. VAALCO Energy’s dividend payout ratio is presently 41.67%.
VAALCO Energy Profile
(Free Report)
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.
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