Geode Capital Management LLC Acquires 109,090 Shares of VAALCO Energy, Inc. (NYSE:EGY)

Geode Capital Management LLC lifted its position in VAALCO Energy, Inc. (NYSE:EGY) by 4.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,493,587 shares of the energy company’s stock after buying an additional 109,090 shares during the period. Geode Capital Management LLC owned approximately 2.40% of VAALCO Energy worth $14,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Zacks Investment Management boosted its stake in shares of VAALCO Energy by 19.6% in the 3rd quarter. Zacks Investment Management now owns 15,419 shares of the energy company’s stock worth $89,000 after buying an additional 2,527 shares during the last quarter. Lakewood Asset Management LLC boosted its stake in shares of VAALCO Energy by 7.5% in the 3rd quarter. Lakewood Asset Management LLC now owns 47,424 shares of the energy company’s stock worth $272,000 after buying an additional 3,314 shares during the last quarter. Morgan Dempsey Capital Management LLC boosted its stake in shares of VAALCO Energy by 5.1% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 79,559 shares of the energy company’s stock worth $499,000 after buying an additional 3,836 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of VAALCO Energy by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 168,581 shares of the energy company’s stock worth $1,057,000 after buying an additional 3,978 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of VAALCO Energy by 25.9% in the 3rd quarter. SG Americas Securities LLC now owns 19,352 shares of the energy company’s stock worth $111,000 after buying an additional 3,978 shares during the last quarter. 50.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded VAALCO Energy from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th.

VAALCO Energy Price Performance

NYSE EGY opened at $4.24 on Tuesday. The company has a market capitalization of $439.87 million, a PE ratio of 4.99 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.34. The business’s fifty day moving average is $5.08 and its 200 day moving average is $5.85. VAALCO Energy, Inc. has a fifty-two week low of $4.03 and a fifty-two week high of $7.51.

VAALCO Energy (NYSE:EGY) last released its earnings results on Monday, November 11th. The energy company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.04). The company had revenue of $140.33 million for 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 last year, the firm posted $0.07 earnings per share. Sell-side analysts predict that VAALCO Energy, Inc. will post 0.5 earnings per share for the current year.

VAALCO Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 22nd were given a $0.0625 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.25 annualized dividend and a dividend yield of 5.90%. VAALCO Energy’s payout ratio is 29.41%.

About VAALCO Energy

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.