Vanguard Group Inc. Trims Stock Position in VAALCO Energy, Inc. (NYSE:EGY)

Vanguard Group Inc. lowered its position in VAALCO Energy, Inc. (NYSE:EGY) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,055,897 shares of the energy company’s stock after selling 583,078 shares during the quarter. Vanguard Group Inc. owned approximately 0.07% of VAALCO Energy worth $30,834,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EGY. KLP Kapitalforvaltning AS bought a new position in shares of VAALCO Energy during the 4th quarter worth $84,000. AXQ Capital LP purchased a new position in VAALCO Energy during the 4th quarter valued at about $125,000. Sei Investments Co. raised its holdings in shares of VAALCO Energy by 10.2% in the 4th quarter. Sei Investments Co. now owns 63,518 shares of the energy company’s stock valued at $278,000 after purchasing an additional 5,900 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of VAALCO Energy by 8.7% during the fourth quarter. American Century Companies Inc. now owns 3,901,984 shares of the energy company’s stock valued at $17,052,000 after purchasing an additional 312,576 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in VAALCO Energy during the fourth quarter valued at approximately $59,000. 50.32% of the stock is currently owned by hedge funds and other institutional investors.

VAALCO Energy Stock Performance

EGY stock opened at $3.33 on Tuesday. VAALCO Energy, Inc. has a one year low of $3.00 and a one year high of $7.43. The firm has a market cap of $345.46 million, a price-to-earnings ratio of 3.92 and a beta of 0.75. 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 firm has a 50-day simple moving average of $3.90 and a two-hundred day simple moving average of $4.64.

VAALCO Energy (NYSE:EGY) last announced its earnings results on Thursday, March 13th. The energy company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The company had revenue of $121.72 million during the quarter, compared to the consensus estimate of $108.91 million. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. On average, equities analysts forecast that VAALCO Energy, Inc. will post 0.43 EPS for the current fiscal year.

VAALCO Energy Announces Dividend

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 dividend on an annualized basis and a yield of 7.51%. The ex-dividend date of this dividend was Friday, February 28th. VAALCO Energy’s dividend payout ratio (DPR) is presently 45.45%.

Analyst Ratings Changes

Separately, StockNews.com lowered VAALCO Energy from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th.

Insiders Place Their Bets

In related news, COO Thor Pruckl sold 10,169 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $3.95, for a total value of $40,167.55. Following the transaction, the chief operating officer now directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.

VAALCO Energy Company 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.