Los Angeles Capital Management LLC Sells 84,620 Shares of Vaalco Energy Inc $EGY

Los Angeles Capital Management LLC reduced its holdings in shares of Vaalco Energy Inc (NYSE:EGY) by 86.8% in the second quarter, Holdings Channel reports. The institutional investor owned 12,870 shares of the energy company’s stock after selling 84,620 shares during the period. Los Angeles Capital Management LLC’s holdings in Vaalco Energy were worth $46,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in EGY. Signaturefd LLC grew its position in shares of Vaalco Energy by 545.7% during the 2nd quarter. Signaturefd LLC now owns 7,380 shares of the energy company’s stock valued at $27,000 after acquiring an additional 6,237 shares during the period. Highline Wealth Partners LLC bought a new position in Vaalco Energy in the 2nd quarter worth $29,000. CWM LLC lifted its position in Vaalco Energy by 259.6% during the first quarter. CWM LLC now owns 9,681 shares of the energy company’s stock valued at $36,000 after purchasing an additional 6,989 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Vaalco Energy in the first quarter worth about $45,000. Finally, R Squared Ltd bought a new position in shares of Vaalco Energy in the second quarter worth about $63,000. 50.32% of the stock is currently owned by institutional investors.

Vaalco Energy Trading Up 0.7%

Vaalco Energy stock opened at $3.73 on Wednesday. Vaalco Energy Inc has a 1 year low of $3.00 and a 1 year high of $5.47. The firm’s 50 day moving average price is $3.95 and its 200-day moving average price is $3.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.39 and a quick ratio of 1.38. The stock has a market cap of $388.36 million, a P/E ratio of 10.35 and a beta of 0.88.

Vaalco Energy (NYSE:EGY) last issued its earnings results on Monday, November 10th. The energy company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The company had revenue of $61.01 million for the quarter, compared to the consensus estimate of $74.30 million. Vaalco Energy had a return on equity of 4.64% and a net margin of 8.26%. On average, equities analysts predict that Vaalco Energy Inc will post 0.43 earnings per share for the current fiscal year.

Vaalco Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Friday, November 21st will be given a dividend of $0.0625 per share. The ex-dividend date is Friday, November 21st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 6.7%. Vaalco Energy’s dividend payout ratio (DPR) is presently 92.59%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EGY. Zacks Research upgraded Vaalco Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vaalco Energy in a report on Monday. Finally, Wall Street Zen cut shares of Vaalco Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus 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.