Pinnacle Holdings LLC purchased a new position in Vaalco Energy Inc (NYSE:EGY – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 206,817 shares of the energy company’s stock, valued at approximately $1,051,000.
Several other institutional investors also recently bought and sold shares of EGY. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Vaalco Energy during the 4th quarter valued at $1,638,000. Sei Investments Co. lifted its holdings in shares of Vaalco Energy by 125.9% in the first quarter. Sei Investments Co. now owns 1,214,918 shares of the energy company’s stock worth $7,703,000 after buying an additional 677,176 shares in the last quarter. Tieton Capital Management LLC bought a new position in shares of Vaalco Energy during the second quarter worth $9,324,000. North Star Investment Management Corp. boosted its position in shares of Vaalco Energy by 159.4% during the first quarter. North Star Investment Management Corp. now owns 275,000 shares of the energy company’s stock worth $1,744,000 after acquiring an additional 169,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Vaalco Energy by 10.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,028,909 shares of the energy company’s stock valued at $25,545,000 after acquiring an additional 389,058 shares in the last quarter. 50.32% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on EGY shares. Wall Street Zen upgraded shares of Vaalco Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Zacks Research raised shares of Vaalco Energy from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Vaalco Energy in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $7.30.
Vaalco Energy Stock Performance
NYSE:EGY opened at $5.93 on Monday. The company has a market cap of $623.78 million, a price-to-earnings ratio of -5.59 and a beta of 0.10. Vaalco Energy Inc has a 1 year low of $3.36 and a 1 year high of $6.72. The stock’s 50 day simple moving average is $5.40 and its two-hundred day simple moving average is $5.56. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.44 and a quick ratio of 0.41.
Vaalco Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Friday, August 21st will be given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, August 21st. Vaalco Energy’s payout ratio is currently -23.58%.
Vaalco Energy Company Profile
Vaalco Energy, Inc is an independent energy company principally engaged in the exploration, development and production of crude oil and natural gas. Headquartered in Houston, Texas, Vaalco concentrates on offshore assets in West Africa, with a strategic emphasis on maintaining and optimizing cash-flow–generating properties. Founded in the mid-1980s, the company has built its reputation by focusing on high-impact drilling prospects and extending the productive life of its core fields through targeted infill wells and enhanced recovery techniques.
The company’s primary producing asset is the Etame Marin block offshore Gabon, where Vaalco holds a majority interest and serves as operator.
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