AQR Capital Management LLC Increases Position in VAALCO Energy, Inc. (NYSE:EGY)

AQR Capital Management LLC grew its holdings in VAALCO Energy, Inc. (NYSE:EGY) by 60.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 235,330 shares of the energy company’s stock after buying an additional 88,276 shares during the period. AQR Capital Management LLC owned 0.23% of VAALCO Energy worth $1,476,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sierra Summit Advisors LLC purchased a new position in VAALCO Energy during the fourth quarter worth about $253,000. Quadrature Capital Ltd purchased a new position in VAALCO Energy during the fourth quarter worth about $394,000. Unison Advisors LLC raised its holdings in VAALCO Energy by 1.4% during the first quarter. Unison Advisors LLC now owns 128,087 shares of the energy company’s stock worth $893,000 after purchasing an additional 1,734 shares in the last quarter. Annex Advisory Services LLC raised its holdings in VAALCO Energy by 14.8% during the first quarter. Annex Advisory Services LLC now owns 221,595 shares of the energy company’s stock worth $1,545,000 after purchasing an additional 28,638 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new position in VAALCO Energy during the first quarter worth about $136,000. 50.32% of the stock is owned by hedge funds and other institutional investors.

VAALCO Energy Trading Up 1.8 %

NYSE EGY opened at $6.19 on Friday. 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 firm has a 50-day moving average price of $6.09 and a 200 day moving average price of $6.38. VAALCO Energy, Inc. has a 52-week low of $3.85 and a 52-week high of $7.51. The stock has a market capitalization of $642.15 million, a P/E ratio of 10.32 and a beta of 1.17.

VAALCO Energy (NYSE:EGY) last issued its earnings results on Tuesday, August 6th. The energy company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.09. VAALCO Energy had a net margin of 17.82% and a return on equity of 16.00%. The company had revenue of $116.78 million for the quarter, compared to analyst estimates of $119.30 million. During the same period in the prior year, the business posted $0.11 earnings per share. Equities research analysts expect that VAALCO Energy, Inc. will post 0.59 EPS for the current year.

VAALCO Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 23rd were given a dividend of $0.063 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.25 annualized dividend and a yield of 4.07%. VAALCO Energy’s payout ratio is currently 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.