Renaissance Technologies LLC Decreases Stake in VAALCO Energy, Inc. (NYSE:EGY)

Renaissance Technologies LLC lowered its position in VAALCO Energy, Inc. (NYSE:EGY) by 5.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,316,055 shares of the energy company’s stock after selling 127,400 shares during the period. Renaissance Technologies LLC owned 2.24% of VAALCO Energy worth $14,522,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EGY. Dimensional Fund Advisors LP lifted its holdings in VAALCO Energy by 7,129.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 895,210 shares of the energy company’s stock valued at $5,613,000 after purchasing an additional 882,827 shares in the last quarter. American Century Companies Inc. lifted its holdings in VAALCO Energy by 33.2% in the 2nd quarter. American Century Companies Inc. now owns 2,813,832 shares of the energy company’s stock valued at $17,643,000 after purchasing an additional 701,568 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in VAALCO Energy by 5.9% in the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 2,417,950 shares of the energy company’s stock valued at $15,161,000 after purchasing an additional 134,615 shares in the last quarter. Vanguard Group Inc. lifted its holdings in VAALCO Energy by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 6,024,145 shares of the energy company’s stock valued at $41,988,000 after purchasing an additional 124,853 shares in the last quarter. Finally, Foundry Partners LLC lifted its holdings in VAALCO Energy by 12.0% in the 1st quarter. Foundry Partners LLC now owns 982,350 shares of the energy company’s stock valued at $6,847,000 after purchasing an additional 105,145 shares in the last quarter. Hedge funds and other institutional investors own 50.32% of the company’s stock.

VAALCO Energy Stock Down 2.5 %

NYSE EGY opened at $5.87 on Friday. VAALCO Energy, Inc. has a 52 week low of $3.85 and a 52 week high of $7.51. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.15. The business’s fifty day simple moving average is $6.36 and its 200-day simple moving average is $6.31. The firm has a market cap of $607.29 million, a PE ratio of 9.78 and a beta of 1.18.

VAALCO Energy (NYSE:EGY) last issued its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. The firm had revenue of $116.78 million during the quarter, compared to the consensus estimate of $119.30 million. VAALCO Energy had a return on equity of 16.00% and a net margin of 17.82%. During the same period last year, the company earned $0.11 EPS. As a group, equities analysts anticipate that VAALCO Energy, Inc. will post 0.59 earnings per share for the current year.

VAALCO Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 23rd were given a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend was Friday, August 23rd. VAALCO Energy’s payout ratio is 41.67%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EGY shares. Roth Mkm lifted their price target on VAALCO Energy from $7.25 to $8.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. StockNews.com lowered VAALCO Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 6th.

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.