Crestmont Private Wealth LLC Takes Position in VAALCO Energy, Inc. (NYSE:EGY)

Crestmont Private Wealth LLC bought a new stake in shares of VAALCO Energy, Inc. (NYSE:EGY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,965 shares of the energy company’s stock, valued at approximately $63,000.

Other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of VAALCO Energy by 7,129.3% in the second quarter. Dimensional Fund Advisors LP now owns 895,210 shares of the energy company’s stock valued at $5,613,000 after purchasing an additional 882,827 shares during the last quarter. American Century Companies Inc. grew its position in VAALCO Energy by 33.2% in the 2nd quarter. American Century Companies Inc. now owns 2,813,832 shares of the energy company’s stock worth $17,643,000 after purchasing an additional 701,568 shares in the last quarter. Inspire Investing LLC purchased a new stake in VAALCO Energy in the 3rd quarter valued at about $818,000. Kornitzer Capital Management Inc. KS lifted its position in shares of VAALCO Energy by 5.9% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 2,417,950 shares of the energy company’s stock worth $15,161,000 after buying an additional 134,615 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of VAALCO Energy by 2.1% in 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 during the last quarter. Institutional investors own 50.32% of the company’s stock.

VAALCO Energy Stock Performance

EGY stock opened at $6.26 on Friday. The business has a 50 day moving average of $6.08 and a 200-day moving average of $6.37. The firm has a market cap of $649.41 million, a PE ratio of 7.73 and a beta of 1.17. VAALCO Energy, Inc. has a 12-month low of $3.85 and a 12-month high of $7.51. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.15.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.09. The firm had revenue of $116.78 million during the quarter, compared to the consensus estimate of $119.30 million. VAALCO Energy had a return on equity of 16.00% and a net margin of 17.82%. During the same quarter in the prior year, the company earned $0.11 EPS. As a group, sell-side analysts expect that VAALCO Energy, Inc. will post 0.59 earnings per share for the current year.

VAALCO Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 23rd were given a $0.063 dividend. This represents a $0.25 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Friday, August 23rd. VAALCO Energy’s dividend payout ratio is 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.