Janney Montgomery Scott LLC Invests $1 Million in VAALCO Energy, Inc. (NYSE:EGY)

Janney Montgomery Scott LLC acquired a new position in shares of VAALCO Energy, Inc. (NYSE:EGY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 174,195 shares of the energy company’s stock, valued at approximately $1,000,000. Janney Montgomery Scott LLC owned about 0.17% of VAALCO Energy at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position 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 valued at $41,988,000 after buying an additional 124,853 shares during the period. Inspire Investing LLC purchased a new position in shares of VAALCO Energy during the third quarter valued at approximately $818,000. O Shaughnessy Asset Management LLC boosted its position in shares of VAALCO Energy by 221.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 33,782 shares of the energy company’s stock valued at $235,000 after buying an additional 23,288 shares during the period. Cornercap Investment Counsel Inc. boosted its position in shares of VAALCO Energy by 116.5% during the second quarter. Cornercap Investment Counsel Inc. now owns 176,179 shares of the energy company’s stock valued at $1,105,000 after buying an additional 94,806 shares during the period. Finally, Kornitzer Capital Management Inc. KS boosted its position in shares of VAALCO Energy by 5.9% during the second 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 during the period. 50.32% of the stock is owned by institutional investors.

VAALCO Energy Stock Down 0.7 %

Shares of NYSE EGY opened at $5.27 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.15 and a current ratio of 1.34. The firm has a market capitalization of $546.19 million, a price-to-earnings ratio of 6.39 and a beta of 1.19. The stock has a 50 day moving average price of $5.74 and a 200 day moving average price of $6.16. VAALCO Energy, Inc. has a 52-week low of $4.01 and a 52-week high of $7.51.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings results on Monday, November 11th. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The firm had revenue of $140.33 million during the quarter, compared to analysts’ expectations of $128.64 million. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. During the same quarter in the previous year, the firm posted $0.07 EPS. Sell-side analysts expect that VAALCO Energy, Inc. will post 0.5 earnings per share for the current year.

VAALCO Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.25 dividend on an annualized basis and a yield of 4.75%. VAALCO Energy’s dividend payout ratio is currently 29.41%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered VAALCO Energy from a “buy” rating to a “hold” rating in a report on Tuesday.

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.