R Squared Ltd Buys New Shares in Vaalco Energy Inc $EGY

R Squared Ltd purchased a new stake in Vaalco Energy Inc (NYSE:EGY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,377 shares of the energy company’s stock, valued at approximately $63,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Ethic Inc. boosted its holdings in Vaalco Energy by 107.1% in the second quarter. Ethic Inc. now owns 93,653 shares of the energy company’s stock valued at $349,000 after purchasing an additional 48,441 shares during the last quarter. Morgan Dempsey Capital Management LLC boosted its holdings in Vaalco Energy by 40.4% in the second quarter. Morgan Dempsey Capital Management LLC now owns 100,999 shares of the energy company’s stock valued at $365,000 after purchasing an additional 29,074 shares during the last quarter. Values First Advisors Inc. boosted its holdings in Vaalco Energy by 2.1% in the second quarter. Values First Advisors Inc. now owns 416,389 shares of the energy company’s stock valued at $1,503,000 after purchasing an additional 8,522 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Vaalco Energy during the 2nd quarter worth about $76,000. Finally, Simplicity Wealth LLC boosted its stake in shares of Vaalco Energy by 112.5% during the 2nd quarter. Simplicity Wealth LLC now owns 22,456 shares of the energy company’s stock worth $81,000 after acquiring an additional 11,887 shares in the last quarter. 50.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on EGY. Weiss Ratings reissued a “hold (c-)” rating on shares of Vaalco Energy in a research note on Tuesday, October 14th. Zacks Research raised shares of Vaalco Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Vaalco Energy Stock Down 0.6%

EGY opened at $3.91 on Monday. Vaalco Energy Inc has a twelve month low of $3.00 and a twelve month high of $5.88. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $3.95 and a 200 day moving average price of $3.71. The company has a market cap of $407.14 million, a PE ratio of 10.85 and a beta of 0.94.

Vaalco Energy (NYSE:EGY) last released its quarterly earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. Vaalco Energy had a net margin of 8.26% and a return on equity of 4.64%. The firm had revenue of $96.89 million during the quarter, compared to the consensus estimate of $89.40 million. Sell-side analysts expect that Vaalco Energy Inc will post 0.43 earnings per share for the current fiscal year.

Vaalco Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were issued a $0.0625 dividend. The ex-dividend date was Friday, August 22nd. This represents a $0.25 dividend on an annualized basis and a yield of 6.4%. Vaalco Energy’s dividend payout ratio is presently 69.44%.

About Vaalco Energy

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.