Caxton Associates LP Acquires Shares of 104,166 VAALCO Energy, Inc. (NYSE:EGY)

Caxton Associates LP acquired a new stake in shares of VAALCO Energy, Inc. (NYSE:EGY) during the second quarter, Holdings Channel.com reports. The fund acquired 104,166 shares of the energy company’s stock, valued at approximately $653,000.

A number of other institutional investors have also made changes to their positions in EGY. Vanguard Group Inc. grew its holdings in VAALCO Energy by 2.1% during 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. American Century Companies Inc. boosted its position 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 buying an additional 701,568 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its stake in shares of VAALCO Energy by 5.9% during the second quarter. Kornitzer Capital Management Inc. KS now owns 2,417,950 shares of the energy company’s stock valued at $15,161,000 after acquiring an additional 134,615 shares in the last quarter. First Sabrepoint Capital Management LP increased its position in shares of VAALCO Energy by 5.3% during the first quarter. First Sabrepoint Capital Management LP now owns 1,790,000 shares of the energy company’s stock worth $12,476,000 after acquiring an additional 90,000 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of VAALCO Energy by 6.2% in the second quarter. Bank of New York Mellon Corp now owns 1,318,650 shares of the energy company’s stock worth $8,268,000 after acquiring an additional 76,779 shares in the last quarter. 50.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. StockNews.com lowered VAALCO Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 6th. Roth Mkm lifted their price target on shares of VAALCO Energy from $7.25 to $8.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th.

VAALCO Energy Trading Down 2.8 %

NYSE EGY opened at $5.52 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.15 and a current ratio of 1.19. The company has a 50-day simple moving average of $6.29 and a 200-day simple moving average of $6.34. VAALCO Energy, Inc. has a one year low of $3.85 and a one year high of $7.51. The firm has a market capitalization of $572.64 million, a PE ratio of 9.25 and a beta of 1.18.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. The business had revenue of $116.78 million for the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $0.11 EPS. On average, equities analysts forecast that VAALCO Energy, Inc. will post 0.59 earnings per share for the current year.

VAALCO Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 23rd were issued a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date was Friday, August 23rd. VAALCO Energy’s dividend payout ratio (DPR) is 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.