Morgan Dempsey Capital Management LLC Acquires 3,836 Shares of VAALCO Energy, Inc. (NYSE:EGY)

Morgan Dempsey Capital Management LLC raised its holdings in VAALCO Energy, Inc. (NYSE:EGY) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 79,559 shares of the energy company’s stock after buying an additional 3,836 shares during the period. Morgan Dempsey Capital Management LLC owned 0.08% of VAALCO Energy worth $499,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Simplicity Wealth LLC lifted its holdings in VAALCO Energy by 13.8% during the 2nd quarter. Simplicity Wealth LLC now owns 13,617 shares of the energy company’s stock worth $85,000 after buying an additional 1,648 shares during the period. Unison Advisors LLC grew its stake in VAALCO Energy by 1.4% in the 1st quarter. Unison Advisors LLC now owns 128,087 shares of the energy company’s stock valued at $893,000 after buying an additional 1,734 shares in the last quarter. Private Advisor Group LLC lifted its stake in VAALCO Energy by 10.6% in the 4th quarter. Private Advisor Group LLC now owns 36,923 shares of the energy company’s stock worth $166,000 after purchasing an additional 3,538 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of VAALCO Energy by 2.4% during the second quarter. Rhumbline Advisers now owns 168,581 shares of the energy company’s stock worth $1,057,000 after purchasing an additional 3,978 shares in the last quarter. Finally, Gladius Capital Management LP bought a new stake in VAALCO Energy during the second quarter worth about $28,000. Institutional investors and hedge funds own 50.32% of the company’s stock.

VAALCO Energy Stock Down 2.8 %

NYSE EGY traded down $0.16 during trading on Friday, reaching $5.48. 621,609 shares of the company’s stock traded hands, compared to its average volume of 1,019,377. The firm has a market cap of $566.94 million, a price-to-earnings ratio of 9.13 and a beta of 1.18. The company’s 50 day simple moving average is $6.51 and its two-hundred day simple moving average is $6.21. VAALCO Energy, Inc. has a 12-month low of $3.85 and a 12-month high of $7.51. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.19 and a quick ratio of 1.15.

VAALCO Energy (NYSE:EGY) last issued its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.09. VAALCO Energy had a return on equity of 16.00% and a net margin of 17.82%. The business had revenue of $116.78 million during the quarter, compared to analysts’ expectations of $119.30 million. During the same quarter in the previous year, the firm posted $0.11 EPS. As a group, sell-side analysts forecast that VAALCO Energy, Inc. will post 0.59 EPS for the current fiscal year.

VAALCO Energy Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.