Dimensional Fund Advisors LP Acquires 882,827 Shares of VAALCO Energy, Inc. (NYSE:EGY)

Dimensional Fund Advisors LP raised its holdings in VAALCO Energy, Inc. (NYSE:EGY) by 7,129.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 895,210 shares of the energy company’s stock after purchasing an additional 882,827 shares during the period. Dimensional Fund Advisors LP owned approximately 0.87% of VAALCO Energy worth $5,613,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EGY. Gladius Capital Management LP acquired a new stake in shares of VAALCO Energy in the second quarter valued at approximately $28,000. Innealta Capital LLC acquired a new position in VAALCO Energy in the 2nd quarter valued at $60,000. Arkadios Wealth Advisors bought a new stake in shares of VAALCO Energy during the 2nd quarter valued at $64,000. Caprock Group LLC acquired a new stake in shares of VAALCO Energy during the 1st quarter worth $71,000. Finally, Simplicity Wealth LLC increased its position in shares of VAALCO Energy by 13.8% in the second quarter. Simplicity Wealth LLC now owns 13,617 shares of the energy company’s stock worth $85,000 after purchasing an additional 1,648 shares during the period. Institutional investors own 50.32% of the company’s stock.

VAALCO Energy Stock Performance

Shares of NYSE:EGY opened at $6.22 on Wednesday. VAALCO Energy, Inc. has a 1 year low of $3.85 and a 1 year high of $7.51. The stock has a market capitalization of $644.74 million, a price-to-earnings ratio of 10.37 and a beta of 1.17. 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 company’s 50 day simple moving average is $6.13 and its 200 day simple moving average is $6.38.

VAALCO Energy (NYSE:EGY) last issued its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.09. VAALCO Energy had a return on equity of 16.00% and a net margin of 17.82%. The company had revenue of $116.78 million for the quarter, compared to analyst estimates of $119.30 million. During the same quarter last year, the company posted $0.11 EPS. As a group, research analysts predict that VAALCO Energy, Inc. will post 0.59 EPS for the current fiscal year.

VAALCO Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 23rd were issued a $0.063 dividend. The ex-dividend date was Friday, August 23rd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.05%. VAALCO Energy’s dividend payout ratio (DPR) is currently 41.67%.

Wall Street Analyst Weigh In

Separately, Roth Mkm increased their price objective on shares of VAALCO Energy from $7.25 to $8.00 and gave the stock a “buy” rating in a research note 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.