VAALCO Energy, Inc. (NYSE:EGY) Holdings Raised by American Century Companies Inc.

American Century Companies Inc. increased its stake in shares of VAALCO Energy, Inc. (NYSE:EGY) by 13.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,192,299 shares of the energy company’s stock after buying an additional 138,810 shares during the quarter. American Century Companies Inc. owned about 1.13% of VAALCO Energy worth $5,234,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE bought a new position in VAALCO Energy during the 1st quarter worth $40,000. Metropolitan Life Insurance Co NY grew its stake in VAALCO Energy by 80.4% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 6,446 shares of the energy company’s stock worth $29,000 after buying an additional 2,872 shares during the last quarter. Legal & General Group Plc acquired a new position in VAALCO Energy during the 2nd quarter worth $61,000. DekaBank Deutsche Girozentrale acquired a new position in VAALCO Energy during the 3rd quarter worth $38,000. Finally, Prelude Capital Management LLC acquired a new position in VAALCO Energy during the 3rd quarter worth $44,000. 50.32% of the stock is currently owned by institutional investors.

VAALCO Energy Trading Up 1.6 %

Shares of VAALCO Energy stock opened at $6.87 on Thursday. The company has a quick ratio of 1.77, a current ratio of 1.79 and a debt-to-equity ratio of 0.16. The firm has a market cap of $708.95 million, a price-to-earnings ratio of 12.26 and a beta of 1.23. The business has a fifty day simple moving average of $4.68 and a 200-day simple moving average of $4.50. VAALCO Energy, Inc. has a fifty-two week low of $3.51 and a fifty-two week high of $7.05.

VAALCO Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 8th will be given a $0.063 dividend. This is a positive change from VAALCO Energy’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.67%. VAALCO Energy’s dividend payout ratio (DPR) is 44.64%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered VAALCO Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 23rd.

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.