Quantinno Capital Management LP Invests $109,000 in VAALCO Energy, Inc. (NYSE:EGY)

Quantinno Capital Management LP acquired a new stake in shares of VAALCO Energy, Inc. (NYSE:EGY) during the 3rd quarter, Holdings Channel reports. The fund acquired 19,038 shares of the energy company’s stock, valued at approximately $109,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. ClearAlpha Technologies LP acquired a new position in shares of VAALCO Energy during the 3rd quarter valued at about $277,000. BNP Paribas Financial Markets boosted its holdings in shares of VAALCO Energy by 33.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 54,543 shares of the energy company’s stock valued at $313,000 after purchasing an additional 13,616 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of VAALCO Energy by 115.4% during the 3rd quarter. D.A. Davidson & CO. now owns 26,500 shares of the energy company’s stock valued at $152,000 after buying an additional 14,200 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of VAALCO Energy by 66.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 962,824 shares of the energy company’s stock worth $5,527,000 after buying an additional 386,071 shares during the period. Finally, Foundry Partners LLC boosted its holdings in VAALCO Energy by 156.8% in the third quarter. Foundry Partners LLC now owns 1,200,474 shares of the energy company’s stock valued at $6,891,000 after acquiring an additional 733,084 shares during the last quarter. 50.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded VAALCO Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th.

VAALCO Energy Trading Up 1.0 %

Shares of EGY stock opened at $4.73 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.14. VAALCO Energy, Inc. has a fifty-two week low of $4.03 and a fifty-two week high of $7.51. The firm’s 50 day moving average price is $5.39 and its two-hundred day moving average price is $5.97. The stock has a market cap of $490.19 million, a price-to-earnings ratio of 5.56 and a beta of 1.18.

VAALCO Energy (NYSE:EGY) last posted 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). VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. The business had revenue of $140.33 million for the quarter, compared to analyst estimates of $128.64 million. During the same quarter in the previous year, the firm posted $0.07 EPS. On average, analysts anticipate that VAALCO Energy, Inc. will post 0.5 EPS for the current year.

VAALCO Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 22nd will be given a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 5.29%. The ex-dividend date is Friday, November 22nd. 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.