nVerses Capital LLC Acquires New Position in VAALCO Energy, Inc. (NYSE:EGY)

nVerses Capital LLC bought a new position in VAALCO Energy, Inc. (NYSE:EGY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,500 shares of the energy company’s stock, valued at approximately $60,000.

A number of other institutional investors also recently modified their holdings of EGY. Vanguard Group Inc. raised its holdings in shares of VAALCO Energy by 2.1% during the first 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 in the last quarter. American Century Companies Inc. lifted its holdings in shares of VAALCO Energy by 33.2% during the 2nd 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 during the last quarter. Kornitzer Capital Management Inc. KS grew its stake in shares of 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 valued at $15,161,000 after buying an additional 134,615 shares in the last quarter. First Sabrepoint Capital Management LP increased its holdings in VAALCO Energy by 5.3% in the first quarter. First Sabrepoint Capital Management LP now owns 1,790,000 shares of the energy company’s stock worth $12,476,000 after buying an additional 90,000 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in VAALCO Energy by 6.2% during the second 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 acquiring an additional 76,779 shares in the last quarter. Institutional investors and hedge funds own 50.32% of the company’s stock.

VAALCO Energy Stock Performance

EGY stock opened at $5.90 on Tuesday. The firm has a 50 day moving average of $6.04 and a two-hundred day moving average of $6.32. VAALCO Energy, Inc. has a 12 month low of $3.85 and a 12 month high of $7.51. The company has a market capitalization of $612.07 million, a price-to-earnings ratio of 7.28 and a beta of 1.17. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.15.

VAALCO Energy (NYSE:EGY) last issued its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.22 earnings per share (EPS) 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 net margin of 17.82% and a return on equity of 16.00%. During the same period in the prior year, the company posted $0.11 earnings per share. As a group, equities analysts anticipate that VAALCO Energy, Inc. will post 0.59 EPS for the current fiscal year.

VAALCO Energy Dividend Announcement

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 $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date was Friday, August 23rd. VAALCO Energy’s payout ratio is 30.86%.

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.