Gladius Capital Management LP Acquires New Holdings in VAALCO Energy, Inc. (NYSE:EGY)

Gladius Capital Management LP acquired a new position in VAALCO Energy, Inc. (NYSE:EGY) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 4,516 shares of the energy company’s stock, valued at approximately $28,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in 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 buying an additional 124,853 shares in the last quarter. First Sabrepoint Capital Management LP boosted its holdings in shares of VAALCO Energy by 5.3% in the 1st quarter. First Sabrepoint Capital Management LP now owns 1,790,000 shares of the energy company’s stock valued at $12,476,000 after buying an additional 90,000 shares during the last quarter. Foundry Partners LLC lifted its holdings in VAALCO Energy by 12.0% during the 1st quarter. Foundry Partners LLC now owns 982,350 shares of the energy company’s stock valued at $6,847,000 after purchasing an additional 105,145 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of VAALCO Energy by 8.1% during the fourth quarter. Franklin Resources Inc. now owns 957,194 shares of the energy company’s stock worth $4,298,000 after buying an additional 71,810 shares in the last quarter. Finally, LSV Asset Management increased its position in shares of VAALCO Energy by 1.2% in the first quarter. LSV Asset Management now owns 550,642 shares of the energy company’s stock worth $3,838,000 after purchasing an additional 6,666 shares during the period. Institutional investors own 50.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EGY. Roth Mkm raised their price target on VAALCO Energy from $7.25 to $8.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. StockNews.com lowered VAALCO Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 6th.

VAALCO Energy Stock Performance

Shares of NYSE EGY traded up $0.08 during trading on Friday, reaching $6.67. 900,008 shares of the stock traded hands, compared to its average volume of 1,030,150. VAALCO Energy, Inc. has a 52-week low of $3.80 and a 52-week high of $7.51. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.19 and a quick ratio of 1.64. The company has a 50-day moving average of $6.53 and a 200-day moving average of $6.00. The stock has a market capitalization of $691.95 million, a P/E ratio of 11.12 and a beta of 1.19.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.13 by $0.09. VAALCO Energy had a return on equity of 16.00% and a net margin of 17.82%. The firm had revenue of $116.78 million for the quarter, compared to analyst estimates of $119.30 million. During the same period in the prior year, the company earned $0.11 EPS. Analysts forecast that VAALCO Energy, Inc. will post 0.41 EPS for the current fiscal year.

VAALCO Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 23rd will be issued a $0.063 dividend. This represents a $0.25 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, August 23rd. VAALCO Energy’s payout ratio is currently 41.67%.

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.