Inspire Investing LLC acquired a new position in VAALCO Energy, Inc. (NYSE:EGY – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 142,517 shares of the energy company’s stock, valued at approximately $818,000. Inspire Investing LLC owned approximately 0.14% of VAALCO Energy at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of VAALCO Energy by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 6,024,145 shares of the energy company’s stock worth $41,988,000 after acquiring an additional 124,853 shares in the last quarter. American Century Companies Inc. grew its holdings in VAALCO Energy by 33.2% during the second quarter. American Century Companies Inc. now owns 2,813,832 shares of the energy company’s stock valued at $17,643,000 after purchasing an additional 701,568 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its position in shares of VAALCO Energy by 5.9% in 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 purchasing an additional 134,615 shares during the period. First Sabrepoint Capital Management LP lifted its stake in shares of VAALCO Energy by 5.3% in the first quarter. First Sabrepoint Capital Management LP now owns 1,790,000 shares of the energy company’s stock worth $12,476,000 after buying an additional 90,000 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of VAALCO Energy by 6.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,318,650 shares of the energy company’s stock worth $8,268,000 after buying an additional 76,779 shares during the period. 50.32% of the stock is owned by institutional investors and hedge funds.
VAALCO Energy Stock Performance
Shares of EGY opened at $6.04 on Tuesday. The company has a market capitalization of $626.07 million, a PE ratio of 7.45 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. VAALCO Energy, Inc. has a one year low of $3.85 and a one year high of $7.51. The company’s fifty day moving average price is $6.08 and its 200 day moving average price is $6.36.
VAALCO Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 23rd were given a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date was Friday, August 23rd. VAALCO Energy’s dividend payout ratio (DPR) is currently 30.86%.
VAALCO Energy Company 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.
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