VAALCO Energy, Inc. (NYSE:EGY) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in VAALCO Energy, Inc. (NYSE:EGYFree Report) by 172.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 152,798 shares of the energy company’s stock after buying an additional 96,627 shares during the period. JPMorgan Chase & Co.’s holdings in VAALCO Energy were worth $877,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. nVerses Capital LLC purchased a new position in VAALCO Energy in the third quarter valued at $60,000. Crestmont Private Wealth LLC acquired a new position in shares of VAALCO Energy during the 3rd quarter worth about $63,000. Zacks Investment Management increased its holdings in shares of VAALCO Energy by 19.6% in the 3rd quarter. Zacks Investment Management now owns 15,419 shares of the energy company’s stock valued at $89,000 after acquiring an additional 2,527 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of VAALCO Energy during the 2nd quarter worth about $110,000. Finally, Quantinno Capital Management LP purchased a new stake in VAALCO Energy during the third quarter worth approximately $109,000. Institutional investors and hedge funds own 50.32% of the company’s stock.

VAALCO Energy Stock Performance

Shares of VAALCO Energy stock opened at $4.31 on Friday. The firm’s fifty day simple moving average is $4.69 and its 200-day simple moving average is $5.62. VAALCO Energy, Inc. has a 12 month low of $4.03 and a 12 month high of $7.51. The stock has a market capitalization of $452.46 million, a price-to-earnings ratio of 5.06 and a beta of 1.19. 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:EGYGet Free Report) last announced its 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). VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. The business had revenue of $140.33 million during the quarter, compared to analysts’ expectations of $128.64 million. During the same period in the previous year, the company posted $0.07 earnings per share. As a group, equities analysts forecast that VAALCO Energy, Inc. will post 0.43 earnings per share for the current year.

VAALCO Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 22nd were paid a $0.0625 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.25 annualized dividend and a dividend yield of 5.81%. VAALCO Energy’s dividend payout ratio (DPR) is currently 29.41%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of VAALCO Energy from a “hold” rating to a “buy” rating in a report on Monday, January 20th.

Check Out Our Latest Stock Report on EGY

About VAALCO Energy

(Free Report)

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.

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Institutional Ownership by Quarter for VAALCO Energy (NYSE:EGY)

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