Wilmington Savings Fund Society FSB Takes Position in VAALCO Energy, Inc. (NYSE:EGY)

Wilmington Savings Fund Society FSB purchased a new stake in shares of VAALCO Energy, Inc. (NYSE:EGY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 53,578 shares of the energy company’s stock, valued at approximately $308,000. Wilmington Savings Fund Society FSB owned about 0.05% of VAALCO Energy at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. State Street Corp grew its stake in shares of VAALCO Energy by 4.3% during the third quarter. State Street Corp now owns 4,285,378 shares of the energy company’s stock valued at $24,598,000 after purchasing an additional 176,259 shares during the last quarter. American Century Companies Inc. boosted its stake in VAALCO Energy by 33.2% in 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 acquiring an additional 701,568 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its stake in VAALCO Energy by 5.0% in the third quarter. Kornitzer Capital Management Inc. KS now owns 2,538,955 shares of the energy company’s stock valued at $14,574,000 after acquiring an additional 121,005 shares during the last quarter. Geode Capital Management LLC boosted its stake in VAALCO Energy by 4.6% in the third quarter. Geode Capital Management LLC now owns 2,493,587 shares of the energy company’s stock valued at $14,316,000 after acquiring an additional 109,090 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in VAALCO Energy by 6.2% in the second quarter. Bank of New York Mellon Corp now owns 1,318,650 shares of the energy company’s stock valued at $8,268,000 after acquiring an additional 76,779 shares during the last quarter. 50.32% of the stock is owned by institutional investors.

VAALCO Energy Trading Up 1.0 %

Shares of NYSE EGY opened at $4.73 on Wednesday. The company’s fifty day moving average is $5.39 and its 200-day moving average 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, Inc. has a twelve month low of $4.03 and a twelve month high of $7.51. 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 (NYSE:EGY) last announced its quarterly earnings results on Monday, November 11th. The energy company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The firm had revenue of $140.33 million for the quarter, compared to the consensus estimate of $128.64 million. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. During the same period in the prior year, the business earned $0.07 earnings per share. Equities research analysts predict that VAALCO Energy, Inc. will post 0.5 EPS for the current year.

VAALCO Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 22nd will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 5.29%. VAALCO Energy’s payout ratio is 29.41%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of VAALCO Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, December 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.