VAALCO Energy, Inc. (NYSE:EGY) Shares Purchased by Annex Advisory Services LLC

Annex Advisory Services LLC increased its position in shares of VAALCO Energy, Inc. (NYSE:EGY) by 14.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 221,595 shares of the energy company’s stock after purchasing an additional 28,638 shares during the period. Annex Advisory Services LLC’s holdings in VAALCO Energy were worth $1,545,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Foundry Partners LLC increased its position in shares of VAALCO Energy by 65.4% during 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. GSA Capital Partners LLP acquired a new stake in shares of VAALCO Energy during the third quarter valued at about $1,017,000. American Century Companies Inc. increased its position in shares of VAALCO Energy by 13.2% during the third quarter. American Century Companies Inc. now owns 1,192,299 shares of the energy company’s stock valued at $5,234,000 after acquiring an additional 138,810 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of VAALCO Energy during the fourth quarter valued at about $502,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of VAALCO Energy during the fourth quarter valued at about $458,000. 50.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EGY shares. Roth Mkm lifted their price objective on shares of VAALCO Energy from $7.25 to $8.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. StockNews.com cut shares of VAALCO Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 6th.

VAALCO Energy Price Performance

Shares of VAALCO Energy stock opened at $6.49 on Wednesday. VAALCO Energy, Inc. has a 52-week low of $3.55 and a 52-week high of $7.51. The company has a 50 day moving average of $6.27 and a 200 day moving average of $5.45. The company has a quick ratio of 1.64, a current ratio of 1.66 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $670.94 million, a P/E ratio of 10.81 and a beta of 1.18.

VAALCO Energy (NYSE:EGY) last issued its quarterly earnings results on Tuesday, May 7th. The energy company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $100.16 million during the quarter, compared to the consensus estimate of $91.23 million. VAALCO Energy had a net margin of 13.60% and a return on equity of 14.04%. As a group, research analysts forecast that VAALCO Energy, Inc. will post 0.47 EPS for the current fiscal year.

VAALCO Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, May 17th were given a dividend of $0.063 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.25 annualized dividend and a dividend yield of 3.89%. VAALCO Energy’s dividend payout ratio is presently 41.67%.

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.