VAALCO Energy, Inc. (NYSE:EGY) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of VAALCO Energy, Inc. (NYSE:EGY) by 10.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 63,518 shares of the energy company’s stock after buying an additional 5,900 shares during the quarter. Sei Investments Co.’s holdings in VAALCO Energy were worth $278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of VAALCO Energy by 66.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 962,824 shares of the energy company’s stock worth $5,527,000 after buying an additional 386,071 shares in the last quarter. American Century Companies Inc. boosted its position in shares of VAALCO Energy by 8.7% in the 4th quarter. American Century Companies Inc. now owns 3,901,984 shares of the energy company’s stock worth $17,052,000 after buying an additional 312,576 shares in the last quarter. Kornitzer Capital Management Inc. KS grew its stake in VAALCO Energy by 9.7% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 2,786,265 shares of the energy company’s stock valued at $12,176,000 after acquiring an additional 247,310 shares during the last quarter. State Street Corp grew its position in shares of VAALCO Energy by 4.3% in the third quarter. State Street Corp now owns 4,285,378 shares of the energy company’s stock valued at $24,598,000 after purchasing an additional 176,259 shares during the last quarter. Finally, Barclays PLC grew its holdings in VAALCO Energy by 319.0% during the 3rd quarter. Barclays PLC now owns 160,736 shares of the energy company’s stock valued at $923,000 after buying an additional 122,373 shares during the last quarter. Hedge funds and other institutional investors own 50.32% of the company’s stock.

VAALCO Energy Stock Performance

VAALCO Energy stock opened at $3.19 on Friday. The stock has a fifty day moving average price of $3.93 and a 200 day moving average price of $4.68. The company has a current ratio of 1.34, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14. VAALCO Energy, Inc. has a 52 week low of $3.00 and a 52 week high of $7.43. The firm has a market capitalization of $331.15 million, a P/E ratio of 3.76 and a beta of 0.75.

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

VAALCO Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 7.83%. The ex-dividend date was Friday, February 28th. VAALCO Energy’s dividend payout ratio is presently 45.45%.

Analyst Ratings Changes

Separately, StockNews.com cut VAALCO Energy from a “buy” rating to a “hold” rating in a research report on Tuesday.

Insiders Place Their Bets

In other news, COO Thor Pruckl sold 10,169 shares of VAALCO Energy stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $3.95, for a total transaction of $40,167.55. Following the sale, the chief operating officer now owns 174,992 shares in the company, valued at $691,218.40. This trade represents a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by insiders.

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.