Morgan Dempsey Capital Management LLC Grows Position in VAALCO Energy, Inc. (NYSE:EGY)

Morgan Dempsey Capital Management LLC raised its holdings in VAALCO Energy, Inc. (NYSE:EGY) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,559 shares of the energy company’s stock after buying an additional 3,836 shares during the quarter. Morgan Dempsey Capital Management LLC’s holdings in VAALCO Energy were worth $499,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Gladius Capital Management LP acquired a new stake in VAALCO Energy during the 2nd quarter valued at $28,000. Innealta Capital LLC acquired a new stake in shares of VAALCO Energy in the 2nd quarter worth approximately $60,000. Arkadios Wealth Advisors acquired a new position in VAALCO Energy during the second quarter worth about $64,000. Caprock Group LLC acquired a new position in VAALCO Energy in the first quarter worth approximately $71,000. Finally, Simplicity Wealth LLC purchased a new stake in VAALCO Energy during the first quarter valued at about $83,000. 50.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EGY shares. Roth Mkm lifted their price target on VAALCO Energy from $7.25 to $8.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. StockNews.com downgraded shares of VAALCO Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 6th.

VAALCO Energy Trading Down 2.8 %

Shares of NYSE:EGY traded down $0.16 during mid-day trading on Friday, reaching $5.48. The stock had a trading volume of 621,609 shares, compared to its average volume of 1,019,377. VAALCO Energy, Inc. has a twelve month low of $3.85 and a twelve month high of $7.51. The firm has a 50 day simple moving average of $6.51 and a two-hundred day simple moving average of $6.21. The firm has a market cap of $566.94 million, a PE ratio of 9.13 and a beta of 1.18. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.15.

VAALCO Energy (NYSE:EGY) last posted its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.09. VAALCO Energy had a net margin of 17.82% and a return on equity of 16.00%. 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 firm posted $0.11 earnings per share. On average, research analysts predict that VAALCO Energy, Inc. will post 0.59 EPS for the current fiscal year.

VAALCO Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 23rd will be issued a $0.063 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.60%. VAALCO Energy’s dividend payout ratio (DPR) is currently 41.67%.

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.