Empowered Funds LLC Has $2.97 Million Holdings in VAALCO Energy, Inc. (NYSE:EGY)

Empowered Funds LLC lifted its position in VAALCO Energy, Inc. (NYSE:EGY) by 5.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 516,736 shares of the energy company’s stock after acquiring an additional 26,264 shares during the period. Empowered Funds LLC’s holdings in VAALCO Energy were worth $2,966,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new stake in VAALCO Energy in the second quarter valued at $28,000. Innealta Capital LLC bought a new stake in shares of VAALCO Energy in the 2nd quarter valued at about $60,000. nVerses Capital LLC acquired a new stake in VAALCO Energy in the 3rd quarter valued at about $60,000. Crestmont Private Wealth LLC bought a new position in VAALCO Energy during the third quarter worth about $63,000. Finally, Arkadios Wealth Advisors acquired a new position in VAALCO Energy during the second quarter worth approximately $64,000. 50.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

VAALCO Energy Price Performance

NYSE:EGY opened at $5.38 on Tuesday. The company has a market cap of $558.12 million, a P/E ratio of 6.19 and a beta of 1.19. The firm’s fifty day moving average price is $5.73 and its two-hundred day moving average price is $6.15. VAALCO Energy, Inc. has a one year low of $4.03 and a one year high of $7.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.34 and a quick ratio of 1.32.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings results on Monday, November 11th. The energy company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The company had revenue of $140.33 million during the quarter, compared to analyst estimates of $128.64 million. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. During the same quarter last year, the company posted $0.07 EPS. Equities analysts expect that VAALCO Energy, Inc. will post 0.5 earnings per share for the current year.

VAALCO Energy Cuts Dividend

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

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.