Creative Planning Grows Stake in Vaalco Energy Inc $EGY

Creative Planning lifted its stake in shares of Vaalco Energy Inc (NYSE:EGY) by 354.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 268,939 shares of the energy company’s stock after buying an additional 209,724 shares during the quarter. Creative Planning’s holdings in Vaalco Energy were worth $971,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of EGY. Goldman Sachs Group Inc. grew its holdings in Vaalco Energy by 32.9% during the first quarter. Goldman Sachs Group Inc. now owns 737,435 shares of the energy company’s stock valued at $2,773,000 after purchasing an additional 182,489 shares during the period. Signaturefd LLC lifted its position in shares of Vaalco Energy by 545.7% during the 2nd quarter. Signaturefd LLC now owns 7,380 shares of the energy company’s stock valued at $27,000 after buying an additional 6,237 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Vaalco Energy during the 1st quarter worth $242,000. Victory Capital Management Inc. grew its stake in shares of Vaalco Energy by 10.5% during the 1st quarter. Victory Capital Management Inc. now owns 75,913 shares of the energy company’s stock worth $285,000 after acquiring an additional 7,235 shares during the period. Finally, CSM Advisors LLC purchased a new stake in Vaalco Energy in the 2nd quarter worth about $6,608,000. Institutional investors own 50.32% of the company’s stock.

Vaalco Energy Price Performance

Shares of NYSE:EGY opened at $3.62 on Monday. The company has a 50 day moving average of $3.85 and a 200 day moving average of $3.77. The stock has a market cap of $377.41 million, a P/E ratio of 10.06 and a beta of 0.88. Vaalco Energy Inc has a 12 month low of $3.00 and a 12 month high of $5.25. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24.

Vaalco Energy (NYSE:EGY) last posted its earnings results on Monday, November 10th. The energy company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The firm had revenue of $61.01 million during the quarter, compared to analysts’ expectations of $74.30 million. Vaalco Energy had a return on equity of 4.64% and a net margin of 8.26%. As a group, sell-side analysts forecast that Vaalco Energy Inc will post 0.43 EPS for the current fiscal year.

Vaalco Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Friday, November 21st will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $0.25 annualized dividend and a yield of 6.9%. Vaalco Energy’s dividend payout ratio (DPR) is currently 92.59%.

Wall Street Analysts Forecast Growth

EGY has been the subject of several recent research reports. Zacks Research upgraded shares of Vaalco Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Wall Street Zen upgraded shares of Vaalco Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Vaalco Energy in a research report on Monday, November 24th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Vaalco Energy has an average rating of “Hold”.

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.