Mackenzie Financial Corp Invests $110,000 in VAALCO Energy, Inc. (NYSE:EGY)

Mackenzie Financial Corp acquired a new position in shares of VAALCO Energy, Inc. (NYSE:EGY) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 17,466 shares of the energy company’s stock, valued at approximately $110,000.

Several other institutional investors have also modified their holdings of EGY. Vanguard Group Inc. lifted its stake in shares of 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 acquiring an additional 124,853 shares during the period. American Century Companies Inc. lifted its stake in VAALCO Energy by 33.2% during the second quarter. American Century Companies Inc. now owns 2,813,832 shares of the energy company’s stock valued at $17,643,000 after buying an additional 701,568 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its stake in VAALCO Energy by 5.9% in the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 2,417,950 shares of the energy company’s stock worth $15,161,000 after purchasing an additional 134,615 shares during the period. First Sabrepoint Capital Management LP grew its holdings in shares of VAALCO Energy by 5.3% during the first quarter. First Sabrepoint Capital Management LP now owns 1,790,000 shares of the energy company’s stock valued at $12,476,000 after buying an additional 90,000 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of VAALCO Energy by 6.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,318,650 shares of the energy company’s stock valued at $8,268,000 after purchasing an additional 76,779 shares during the period. Institutional investors own 50.32% of the company’s stock.

VAALCO Energy Stock Performance

EGY opened at $6.39 on Tuesday. VAALCO Energy, Inc. has a 1 year low of $3.85 and a 1 year high of $7.51. The stock has a market cap of $660.57 million, a PE ratio of 10.64 and a beta of 1.17. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.15. The stock’s 50 day simple moving average is $6.14 and its 200-day simple moving average is $6.38.

VAALCO Energy (NYSE:EGY) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $119.30 million. During the same quarter last year, the business posted $0.11 earnings per share. Sell-side analysts forecast that VAALCO Energy, Inc. will post 0.59 EPS for the current year.

VAALCO Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 23rd were paid a dividend of $0.063 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.95%. VAALCO Energy’s dividend payout ratio (DPR) is presently 41.67%.

Wall Street Analyst Weigh In

Separately, Roth Mkm raised their target price on VAALCO Energy from $7.25 to $8.00 and gave the company a “buy” rating in a 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.