American Century Companies Inc. Buys 266,514 Shares of Vaalco Energy Inc $EGY

American Century Companies Inc. increased its position in Vaalco Energy Inc (NYSE:EGY) by 6.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,424,286 shares of the energy company’s stock after buying an additional 266,514 shares during the period. American Century Companies Inc.’s holdings in Vaalco Energy were worth $15,972,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC boosted its holdings in Vaalco Energy by 259.6% in the first quarter. CWM LLC now owns 9,681 shares of the energy company’s stock worth $36,000 after acquiring an additional 6,989 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Vaalco Energy during the first quarter worth approximately $45,000. Atria Wealth Solutions Inc. lifted its holdings in shares of Vaalco Energy by 100.0% in the 1st quarter. Atria Wealth Solutions Inc. now owns 20,000 shares of the energy company’s stock worth $75,000 after purchasing an additional 10,000 shares in the last quarter. Koss Olinger Consulting LLC lifted its holdings in shares of Vaalco Energy by 598.6% in the 1st quarter. Koss Olinger Consulting LLC now owns 140,727 shares of the energy company’s stock worth $529,000 after purchasing an additional 120,582 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Vaalco Energy in the 1st quarter valued at $1,655,000. 50.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Vaalco Energy Stock Performance

Shares of EGY stock opened at $3.49 on Wednesday. The firm has a market cap of $363.34 million, a price-to-earnings ratio of 12.91 and a beta of 0.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.99 and a current ratio of 1.05. Vaalco Energy Inc has a 52 week low of $3.00 and a 52 week high of $5.25. The firm’s 50-day simple moving average is $3.82 and its two-hundred day simple moving average is $3.77.

Vaalco Energy (NYSE:EGY) last released its earnings results on Monday, November 10th. The energy company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). Vaalco Energy had a net margin of 7.40% and a return on equity of 1.02%. The company had revenue of $61.01 million for the quarter, compared to the consensus estimate of $74.30 million. As a group, equities analysts forecast that Vaalco Energy Inc will post 0.43 earnings per share for the current year.

Vaalco Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Friday, November 21st will be given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Friday, November 21st. Vaalco Energy’s dividend payout ratio (DPR) is currently 92.59%.

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.