Vaalco Energy Inc $EGY Shares Purchased by Sei Investments Co.

Sei Investments Co. lifted its stake in Vaalco Energy Inc (NYSE:EGY) by 125.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,214,918 shares of the energy company’s stock after purchasing an additional 677,176 shares during the quarter. Sei Investments Co.’s holdings in Vaalco Energy were worth $7,703,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EGY. AQR Capital Management LLC boosted its stake in Vaalco Energy by 228.0% during the first quarter. AQR Capital Management LLC now owns 744,296 shares of the energy company’s stock worth $2,799,000 after buying an additional 517,368 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Vaalco Energy by 14.5% in the 1st quarter. NewEdge Advisors LLC now owns 54,171 shares of the energy company’s stock worth $204,000 after acquiring an additional 6,840 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Vaalco Energy by 32.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 737,435 shares of the energy company’s stock worth $2,773,000 after acquiring an additional 182,489 shares during the period. Caxton Associates LLP purchased a new position in shares of Vaalco Energy during the 1st quarter worth $136,000. Finally, Empowered Funds LLC boosted its position in shares of Vaalco Energy by 5.6% during the 1st quarter. Empowered Funds LLC now owns 573,580 shares of the energy company’s stock valued at $2,157,000 after acquiring an additional 30,295 shares during the last quarter. Hedge funds and other institutional investors own 50.32% of the company’s stock.

Vaalco Energy Trading Down 0.1%

Shares of Vaalco Energy stock opened at $5.33 on Monday. The stock has a 50 day moving average of $5.34 and a 200 day moving average of $5.46. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.47 and a current ratio of 0.51. The firm has a market capitalization of $555.18 million, a price-to-earnings ratio of -3.89 and a beta of 0.10. Vaalco Energy Inc has a fifty-two week low of $3.36 and a fifty-two week high of $6.72.

Vaalco Energy (NYSE:EGY) last posted its earnings results on Thursday, May 7th. The energy company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.44). Vaalco Energy had a negative net margin of 45.86% and a negative return on equity of 12.74%. The business had revenue of $62.60 million during the quarter, compared to analysts’ expectations of $78.20 million. As a group, research analysts predict that Vaalco Energy Inc will post 0.11 earnings per share for the current year.

Vaalco Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, May 22nd were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, May 22nd. Vaalco Energy’s dividend payout ratio (DPR) is presently -18.25%.

Analysts Set New Price Targets

EGY has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Vaalco Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Zacks Research raised shares of Vaalco Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Weiss Ratings lowered shares of Vaalco Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $7.30.

About Vaalco Energy

Vaalco Energy, Inc is an independent energy company principally engaged in the exploration, development and production of crude oil and natural gas. Headquartered in Houston, Texas, Vaalco concentrates on offshore assets in West Africa, with a strategic emphasis on maintaining and optimizing cash-flow–generating properties. Founded in the mid-1980s, the company has built its reputation by focusing on high-impact drilling prospects and extending the productive life of its core fields through targeted infill wells and enhanced recovery techniques.

The company’s primary producing asset is the Etame Marin block offshore Gabon, where Vaalco holds a majority interest and serves as operator.