Segall Bryant & Hamill LLC Makes New $1.68 Million Investment in VAALCO Energy, Inc. (NYSE:EGY)

Segall Bryant & Hamill LLC acquired a new stake in shares of VAALCO Energy, Inc. (NYSE:EGY - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 292,054 shares of the energy company's stock, valued at approximately $1,676,000. Segall Bryant & Hamill LLC owned about 0.28% of VAALCO Energy at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Gladius Capital Management LP purchased a new position in shares of VAALCO Energy during the 2nd quarter valued at $28,000. Innealta Capital LLC purchased a new stake in shares of VAALCO Energy in the 2nd quarter worth about $60,000. nVerses Capital LLC bought a new stake in VAALCO Energy in the third quarter worth $60,000. Crestmont Private Wealth LLC bought a new position in shares of VAALCO Energy in the third quarter worth approximately $63,000. Finally, Arkadios Wealth Advisors bought a new stake in shares of VAALCO Energy in the 2nd quarter worth $64,000. 50.32% of the stock is owned by hedge funds and other institutional investors.

VAALCO Energy Stock Up 1.2 %

NYSE EGY traded up $0.06 during trading on Friday, reaching $5.41. 1,356,361 shares of the company's stock traded hands, compared to its average volume of 881,799. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.34 and a quick ratio of 1.32. The firm has a market cap of $561.23 million, a price-to-earnings ratio of 6.36 and a beta of 1.19. VAALCO Energy, Inc. has a 12-month low of $4.03 and a 12-month high of $7.51. The company's 50 day simple moving average is $5.72 and its two-hundred day simple moving average is $6.11.

VAALCO Energy (NYSE:EGY - Get Free Report) last released its earnings results on Monday, November 11th. The energy company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.04). The company had revenue of $140.33 million for the quarter, compared to analysts' expectations of $128.64 million. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. During the same period in the prior year, the firm posted $0.07 EPS. As a group, sell-side analysts forecast that VAALCO Energy, Inc. will post 0.5 EPS for the current fiscal year.

VAALCO Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 22nd will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date is Friday, November 22nd. VAALCO Energy's dividend payout ratio (DPR) is presently 29.41%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of VAALCO Energy from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th.

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.