R Squared Ltd Acquires Shares of 17,377 Vaalco Energy Inc $EGY

R Squared Ltd acquired a new stake in Vaalco Energy Inc (NYSE:EGY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,377 shares of the energy company’s stock, valued at approximately $63,000.

A number of other hedge funds also recently bought and sold shares of EGY. Janney Montgomery Scott LLC acquired a new stake in Vaalco Energy in the 1st quarter valued at about $312,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Vaalco Energy by 36.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 35,501 shares of the energy company’s stock worth $133,000 after buying an additional 9,544 shares during the last quarter. Values First Advisors Inc. increased its holdings in shares of Vaalco Energy by 1.2% during the 1st quarter. Values First Advisors Inc. now owns 407,867 shares of the energy company’s stock worth $1,536,000 after buying an additional 5,010 shares during the last quarter. CWM LLC increased its holdings in shares of Vaalco Energy by 259.6% during the 1st quarter. CWM LLC now owns 9,681 shares of the energy company’s stock worth $36,000 after buying an additional 6,989 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its holdings in shares of Vaalco Energy by 7.1% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 2,984,055 shares of the energy company’s stock worth $11,220,000 after buying an additional 197,790 shares during the last quarter. Institutional investors and hedge funds own 50.32% of the company’s stock.

Vaalco Energy Stock Performance

NYSE:EGY opened at $3.91 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 1.39. The stock has a market capitalization of $407.14 million, a P/E ratio of 10.85 and a beta of 0.94. The company has a 50 day moving average price of $3.95 and a 200 day moving average price of $3.71. Vaalco Energy Inc has a fifty-two week low of $3.00 and a fifty-two week high of $5.88.

Vaalco Energy (NYSE:EGY) last issued its quarterly earnings results on Thursday, August 7th. The energy company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. Vaalco Energy had a net margin of 8.26% and a return on equity of 4.64%. The company had revenue of $96.89 million during the quarter, compared to analysts’ expectations of $89.40 million. Equities research analysts forecast that Vaalco Energy Inc will post 0.43 EPS for the current year.

Vaalco Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend was Friday, August 22nd. Vaalco Energy’s dividend payout ratio (DPR) is currently 69.44%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EGY shares. Zacks Research upgraded shares of Vaalco Energy from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Vaalco Energy in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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.