Victory Capital Management Inc. Acquires 16,851 Shares of VAALCO Energy, Inc. (NYSE:EGY)

Victory Capital Management Inc. increased its holdings in VAALCO Energy, Inc. (NYSE:EGY) by 20.4% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 99,414 shares of the energy company’s stock after buying an additional 16,851 shares during the quarter. Victory Capital Management Inc. owned about 0.10% of VAALCO Energy worth $623,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Kornitzer Capital Management Inc. KS lifted its position in shares of VAALCO Energy by 5.9% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 2,417,950 shares of the energy company’s stock valued at $15,161,000 after buying an additional 134,615 shares in the last quarter. Vanguard Group Inc. lifted its holdings in VAALCO Energy by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 6,024,145 shares of the energy company’s stock worth $41,988,000 after purchasing an additional 124,853 shares in the last quarter. Foundry Partners LLC raised its holdings in shares of VAALCO Energy by 12.0% during the 1st quarter. Foundry Partners LLC now owns 982,350 shares of the energy company’s stock worth $6,847,000 after acquiring an additional 105,145 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of VAALCO Energy during the 4th quarter worth approximately $458,000. Finally, First Sabrepoint Capital Management LP raised its holdings in shares of VAALCO Energy by 5.3% during the 1st 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 in the last quarter. 50.32% of the stock is currently owned by institutional investors.

VAALCO Energy Trading Down 2.5 %

Shares of NYSE EGY opened at $5.87 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.19 and a quick ratio of 1.15. The stock has a market capitalization of $607.29 million, a P/E ratio of 9.78 and a beta of 1.18. VAALCO Energy, Inc. has a 1-year low of $3.85 and a 1-year high of $7.51. The business has a fifty day moving average price of $6.36 and a 200 day moving average price of $6.32.

VAALCO Energy (NYSE:EGY) last issued its quarterly earnings data 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 firm had revenue of $116.78 million during 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 business posted $0.11 EPS. Equities research analysts expect that VAALCO Energy, Inc. will post 0.59 EPS for the current fiscal year.

VAALCO Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 23rd were paid a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date was Friday, August 23rd. VAALCO Energy’s dividend payout ratio (DPR) is presently 41.67%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EGY shares. StockNews.com downgraded VAALCO Energy from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 6th. Roth Mkm upped their price objective on VAALCO Energy from $7.25 to $8.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th.

VAALCO Energy 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.