Empowered Funds LLC Buys 26,264 Shares of VAALCO Energy, Inc. (NYSE:EGY)

Empowered Funds LLC increased its position in shares of VAALCO Energy, Inc. (NYSE:EGY) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 516,736 shares of the energy company’s stock after acquiring an additional 26,264 shares during the quarter. Empowered Funds LLC owned about 0.50% of VAALCO Energy worth $2,966,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Gladius Capital Management LP acquired a new stake in VAALCO Energy in the second quarter worth $28,000. Innealta Capital LLC acquired a new stake in VAALCO Energy during the 2nd quarter worth $60,000. nVerses Capital LLC bought a new position in VAALCO Energy during the third quarter worth about $60,000. Crestmont Private Wealth LLC acquired a new position in VAALCO Energy in the third quarter valued at about $63,000. Finally, Arkadios Wealth Advisors bought a new stake in shares of VAALCO Energy in the second quarter worth about $64,000. Institutional investors own 50.32% of the company’s stock.

VAALCO Energy Stock Up 2.3 %

Shares of EGY stock opened at $5.38 on Tuesday. VAALCO Energy, Inc. has a 12-month low of $4.03 and a 12-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. The firm has a fifty day moving average of $5.73 and a 200-day moving average of $6.15. The company has a market capitalization of $558.12 million, a price-to-earnings ratio of 6.19 and a beta of 1.19.

VAALCO Energy (NYSE:EGY) last released its earnings results on Monday, November 11th. The energy company reported $0.08 earnings per share (EPS) 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 quarter last year, the company posted $0.07 EPS. As a group, equities research analysts predict that VAALCO Energy, Inc. will post 0.5 earnings per share for the current fiscal year.

VAALCO Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 22nd will be given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Friday, November 22nd. VAALCO Energy’s dividend payout ratio is presently 29.41%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut VAALCO Energy from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

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.