Arcadia Investment Management Corp MI Grows Position in VAALCO Energy, Inc. (NYSE:EGY)

Arcadia Investment Management Corp MI increased its position in VAALCO Energy, Inc. (NYSE:EGY) by 124.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,750 shares of the energy company’s stock after purchasing an additional 19,300 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in VAALCO Energy were worth $199,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. nVerses Capital LLC purchased a new position in shares of VAALCO Energy in the 3rd quarter valued at approximately $60,000. Crestmont Private Wealth LLC purchased a new position in VAALCO Energy during the third quarter valued at $63,000. Annex Advisory Services LLC raised its stake in VAALCO Energy by 32.0% during the third quarter. Annex Advisory Services LLC now owns 325,218 shares of the energy company’s stock valued at $1,867,000 after buying an additional 78,932 shares during the last quarter. Inspire Investing LLC purchased a new position in VAALCO Energy during the third quarter valued at $818,000. Finally, Ritholtz Wealth Management raised its stake in VAALCO Energy by 129.2% during the third quarter. Ritholtz Wealth Management now owns 126,374 shares of the energy company’s stock valued at $725,000 after buying an additional 71,242 shares during the last quarter. Hedge funds and other institutional investors own 50.32% of the company’s stock.

VAALCO Energy Stock Down 1.9 %

Shares of NYSE:EGY opened at $5.24 on Friday. The stock has a fifty day simple moving average of $5.88 and a two-hundred day simple moving average of $6.22. The stock has a market capitalization of $543.60 million, a price-to-earnings ratio of 6.47 and a beta of 1.19. VAALCO Energy, Inc. has a 12-month low of $3.85 and a 12-month high of $7.51. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.15.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.09. The business had revenue of $116.78 million during the quarter, compared to analysts’ expectations of $119.30 million. VAALCO Energy had a return on equity of 16.00% and a net margin of 17.82%. During the same quarter in the previous year, the business earned $0.11 earnings per share. On average, research analysts anticipate that VAALCO Energy, Inc. will post 0.5 earnings per share for the current fiscal year.

VAALCO Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 23rd were paid a $0.063 dividend. This represents a $0.25 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend was Friday, August 23rd. VAALCO Energy’s dividend payout ratio is currently 30.86%.

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.