Los Angeles Capital Management LLC Sells 84,620 Shares of Vaalco Energy Inc $EGY

Los Angeles Capital Management LLC decreased its stake in shares of Vaalco Energy Inc (NYSE:EGY) by 86.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,870 shares of the energy company’s stock after selling 84,620 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Vaalco Energy were worth $46,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC raised its position in shares of Vaalco Energy by 49.2% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,825,000 shares of the energy company’s stock worth $10,622,000 after purchasing an additional 931,230 shares during the last quarter. AQR Capital Management LLC increased its stake in Vaalco Energy by 228.0% during the 1st quarter. AQR Capital Management LLC now owns 744,296 shares of the energy company’s stock valued at $2,799,000 after purchasing an additional 517,368 shares in the last quarter. Nuveen LLC bought a new stake in Vaalco Energy during the 1st quarter valued at about $1,655,000. American Century Companies Inc. raised its holdings in Vaalco Energy by 6.6% in the first quarter. American Century Companies Inc. now owns 4,157,772 shares of the energy company’s stock worth $15,633,000 after buying an additional 255,788 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Vaalco Energy by 32.9% in the first quarter. Goldman Sachs Group Inc. now owns 737,435 shares of the energy company’s stock worth $2,773,000 after buying an additional 182,489 shares in the last quarter. 50.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Zacks Research raised shares of Vaalco Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Vaalco Energy in a report on Monday. Finally, Wall Street Zen downgraded Vaalco Energy from a “hold” rating to a “sell” rating in a report on Saturday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Vaalco Energy Trading Up 0.7%

Shares of EGY stock opened at $3.73 on Wednesday. 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 Inc has a 12-month low of $3.00 and a 12-month high of $5.47. The stock has a market capitalization of $388.36 million, a P/E ratio of 10.35 and a beta of 0.88. The firm’s 50 day moving average is $3.95 and its 200 day moving average is $3.76.

Vaalco Energy (NYSE:EGY) last announced 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). The company had revenue of $61.01 million for the quarter, compared to analysts’ expectations of $74.30 million. Vaalco Energy had a net margin of 8.26% and a return on equity of 4.64%. Research analysts expect that Vaalco Energy Inc will post 0.43 earnings per share for the current year.

Vaalco Energy Dividend Announcement

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 issued a $0.0625 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $0.25 dividend on an annualized basis and a yield of 6.7%. Vaalco Energy’s dividend payout ratio 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.