Teacher Retirement System of Texas Has $499,000 Stake in VAALCO Energy, Inc. (NYSE:EGY)

Teacher Retirement System of Texas lowered its position in shares of VAALCO Energy, Inc. (NYSE:EGY) by 65.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 114,251 shares of the energy company’s stock after selling 214,622 shares during the period. Teacher Retirement System of Texas’ holdings in VAALCO Energy were worth $499,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EGY. IFP Advisors Inc bought a new position in shares of VAALCO Energy during the fourth quarter valued at $27,000. Atria Wealth Solutions Inc. bought a new position in VAALCO Energy during the 4th quarter worth $44,000. Koss Olinger Consulting LLC bought a new position in VAALCO Energy during the 4th quarter worth $88,000. Zacks Investment Management lifted its holdings in VAALCO Energy by 19.6% during the 3rd quarter. Zacks Investment Management now owns 15,419 shares of the energy company’s stock worth $89,000 after buying an additional 2,527 shares during the period. Finally, Catalina Capital Group LLC increased its stake in shares of VAALCO Energy by 19.5% in the fourth quarter. Catalina Capital Group LLC now owns 20,334 shares of the energy company’s stock valued at $89,000 after buying an additional 3,315 shares during the period. Institutional investors and hedge funds own 50.32% of the company’s stock.

Insiders Place Their Bets

In other news, COO Thor Pruckl sold 10,169 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $3.95, for a total transaction of $40,167.55. Following the transaction, the chief operating officer now owns 174,992 shares of the company’s stock, valued at $691,218.40. This represents a 5.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised VAALCO Energy from a “hold” rating to a “buy” rating in a research note on Friday, March 14th.

VAALCO Energy Trading Down 0.9 %

NYSE:EGY opened at $3.78 on Tuesday. VAALCO Energy, Inc. has a 52 week low of $3.57 and a 52 week high of $7.51. The firm’s fifty day moving average is $4.10 and its 200-day moving average is $4.84. The firm has a market cap of $391.63 million, a P/E ratio of 4.44 and a beta of 1.16. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.34.

VAALCO Energy (NYSE:EGY) last posted its quarterly earnings data on Thursday, March 13th. The energy company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The firm had revenue of $121.72 million during the quarter, compared to analyst estimates of $108.91 million. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. Equities analysts expect that VAALCO Energy, Inc. will post 0.43 earnings per share for the current year.

VAALCO Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 6.62%. The ex-dividend date of this dividend was Friday, February 28th. VAALCO Energy’s dividend payout ratio (DPR) is presently 45.45%.

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.