JPMorgan Chase & Co. Has $877,000 Stake in VAALCO Energy, Inc. (NYSE:EGY)

JPMorgan Chase & Co. boosted its holdings in VAALCO Energy, Inc. (NYSE:EGY - Free Report) by 172.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 152,798 shares of the energy company's stock after acquiring an additional 96,627 shares during the period. JPMorgan Chase & Co. owned 0.15% of VAALCO Energy worth $877,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in EGY. Principal Financial Group Inc. raised its position in shares of VAALCO Energy by 362.2% in the third quarter. Principal Financial Group Inc. now owns 48,965 shares of the energy company's stock valued at $281,000 after purchasing an additional 38,372 shares during the period. Wilmington Savings Fund Society FSB bought a new position in VAALCO Energy in the 3rd quarter valued at about $308,000. Barclays PLC lifted its position in VAALCO Energy by 319.0% during the third quarter. Barclays PLC now owns 160,736 shares of the energy company's stock worth $923,000 after acquiring an additional 122,373 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of VAALCO Energy by 4.6% during the third quarter. Geode Capital Management LLC now owns 2,493,587 shares of the energy company's stock worth $14,316,000 after acquiring an additional 109,090 shares during the period. Finally, Zacks Investment Management grew its position in shares of VAALCO Energy by 19.6% in the third quarter. Zacks Investment Management now owns 15,419 shares of the energy company's stock valued at $89,000 after purchasing an additional 2,527 shares during the last quarter. Institutional investors and hedge funds own 50.32% of the company's stock.

VAALCO Energy Stock Performance

NYSE:EGY traded down $0.08 during mid-day trading on Friday, reaching $4.31. 785,370 shares of the company's stock were exchanged, compared to its average volume of 801,081. 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 quick ratio of 1.32 and a current ratio of 1.34. The business's fifty day simple moving average is $4.69 and its two-hundred day simple moving average is $5.61. The firm has a market capitalization of $452.46 million, a PE ratio of 5.06 and a beta of 1.19.

VAALCO Energy (NYSE:EGY - Get Free Report) last announced its earnings results on Monday, November 11th. The energy company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.04). The business had revenue of $140.33 million for the quarter, compared to the consensus estimate 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 business posted $0.07 earnings per share. Analysts anticipate that VAALCO Energy, Inc. will post 0.43 earnings per share for the current fiscal year.

VAALCO Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 22nd were given a dividend of $0.0625 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 5.81%. VAALCO Energy's payout ratio is 29.41%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded VAALCO Energy from a "hold" rating to a "buy" rating in a research note on Monday, January 20th.

About VAALCO Energy

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.