Janney Montgomery Scott LLC Purchases New Position in VAALCO Energy, Inc. (NYSE:EGY)

Janney Montgomery Scott LLC bought a new position in shares of VAALCO Energy, Inc. (NYSE:EGY - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 174,195 shares of the energy company's stock, valued at approximately $1,000,000. Janney Montgomery Scott LLC owned about 0.17% of VAALCO Energy at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of VAALCO Energy by 2.1% in the first quarter. Vanguard Group Inc. now owns 6,024,145 shares of the energy company's stock valued at $41,988,000 after purchasing an additional 124,853 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in shares of VAALCO Energy by 221.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 33,782 shares of the energy company's stock worth $235,000 after buying an additional 23,288 shares during the last quarter. Quadrature Capital Ltd raised its position in shares of VAALCO Energy by 30.7% during the 1st quarter. Quadrature Capital Ltd now owns 114,770 shares of the energy company's stock valued at $799,000 after buying an additional 26,949 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in VAALCO Energy by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,678 shares of the energy company's stock valued at $458,000 after acquiring an additional 4,590 shares during the last quarter. Finally, First Sabrepoint Capital Management LP grew its position in VAALCO Energy by 5.3% in the first quarter. First Sabrepoint Capital Management LP now owns 1,790,000 shares of the energy company's stock worth $12,476,000 after acquiring an additional 90,000 shares during the period. 50.32% of the stock is currently owned by hedge funds and other institutional investors.

VAALCO Energy Trading Down 0.8 %

Shares of EGY stock traded down $0.04 on Friday, hitting $5.26. The stock had a trading volume of 888,765 shares, compared to its average volume of 806,251. The company's 50 day moving average price is $5.73 and its 200-day moving average price is $6.15. VAALCO Energy, Inc. has a 1 year low of $4.01 and a 1 year high of $7.51. The firm has a market capitalization of $545.67 million, a P/E ratio of 6.19 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 1.15.

VAALCO Energy (NYSE:EGY - Get Free Report) last announced its quarterly earnings data on Monday, November 11th. The energy company reported $0.08 earnings per share 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 analyst estimates of $128.64 million. During the same quarter last year, the firm posted $0.07 EPS. Analysts anticipate that VAALCO Energy, Inc. will post 0.5 earnings per share for the current year.

VAALCO Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 22nd will be issued a $0.0625 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.25 dividend on an annualized basis and a yield of 4.75%. VAALCO Energy's dividend payout ratio (DPR) is presently 29.41%.

Wall Street Analyst Weigh In

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

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.