Vaalco Energy Inc $EGY Shares Purchased by Morgan Dempsey Capital Management LLC

Morgan Dempsey Capital Management LLC increased its holdings in shares of Vaalco Energy Inc (NYSE:EGY) by 40.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,999 shares of the energy company’s stock after acquiring an additional 29,074 shares during the quarter. Morgan Dempsey Capital Management LLC owned approximately 0.10% of Vaalco Energy worth $365,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Values First Advisors Inc. raised its stake in Vaalco Energy by 2.1% during the second quarter. Values First Advisors Inc. now owns 416,389 shares of the energy company’s stock worth $1,503,000 after acquiring an additional 8,522 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new stake in Vaalco Energy during the second quarter worth about $76,000. Simplicity Wealth LLC raised its stake in Vaalco Energy by 112.5% during the second 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 during the period. SummerHaven Investment Management LLC raised its stake in Vaalco Energy by 3.3% during the second quarter. SummerHaven Investment Management LLC now owns 129,293 shares of the energy company’s stock worth $467,000 after acquiring an additional 4,118 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Vaalco Energy by 545.7% in the second quarter. Signaturefd LLC now owns 7,380 shares of the energy company’s stock valued at $27,000 after purchasing an additional 6,237 shares during the period. Institutional investors and hedge funds own 50.32% of the company’s stock.

Vaalco Energy Trading Down 0.9%

Vaalco Energy stock opened at $3.70 on Friday. The firm has a 50 day simple moving average of $3.94 and a 200-day simple moving average of $3.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.39 and a quick ratio of 1.38. The stock has a market capitalization of $385.24 million, a PE ratio of 10.26 and a beta of 0.94. Vaalco Energy Inc has a 12-month low of $3.00 and a 12-month high of $6.08.

Vaalco Energy (NYSE:EGY) last posted its quarterly earnings data on Thursday, August 7th. The energy company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $96.89 million during the quarter, compared to analysts’ expectations of $89.40 million. Vaalco Energy had a net margin of 8.26% and a return on equity of 4.64%. As a group, equities research analysts expect that Vaalco Energy Inc will post 0.43 EPS for the current fiscal year.

Vaalco Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders 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 annualized dividend and a dividend yield of 6.8%. Vaalco Energy’s dividend payout ratio (DPR) is 69.44%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Zacks Research raised Vaalco Energy from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vaalco Energy in a report on Tuesday, October 14th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

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.