Barclays PLC Boosts Stock Position in VAALCO Energy, Inc. (NYSE:EGY)

Barclays PLC raised its holdings in VAALCO Energy, Inc. (NYSE:EGY - Free Report) by 319.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 160,736 shares of the energy company's stock after purchasing an additional 122,373 shares during the period. Barclays PLC owned about 0.15% of VAALCO Energy worth $923,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Zacks Investment Management raised its holdings in VAALCO Energy by 19.6% in the 3rd quarter. Zacks Investment Management now owns 15,419 shares of the energy company's stock valued at $89,000 after acquiring an additional 2,527 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of VAALCO Energy in the third quarter valued at approximately $142,000. State Street Corp increased its holdings 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. Quantinno Capital Management LP purchased a new position in VAALCO Energy during the third quarter worth approximately $109,000. Finally, ClearAlpha Technologies LP acquired a new position in VAALCO Energy during the third quarter worth $277,000. 50.32% of the stock is currently owned by hedge funds and other institutional investors.

VAALCO Energy Trading Up 3.1 %

VAALCO Energy stock traded up $0.13 during mid-day trading on Tuesday, hitting $4.37. The company's stock had a trading volume of 912,209 shares, compared to its average volume of 994,471. The stock's fifty day moving average is $5.05 and its two-hundred day moving average is $5.84. The company has a current ratio of 1.34, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $453.36 million, a PE ratio of 5.14 and a beta of 1.18. VAALCO Energy, Inc. has a 1 year low of $4.03 and a 1 year high of $7.51.

VAALCO Energy (NYSE:EGY - Get Free Report) last posted its earnings results on Monday, November 11th. The energy company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.04). The company had revenue of $140.33 million during the quarter, compared to analyst estimates of $128.64 million. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. During the same period in the previous year, the company earned $0.07 EPS. On average, analysts anticipate that VAALCO Energy, Inc. will post 0.5 EPS for the current year.

VAALCO Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 22nd were issued a $0.0625 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.25 annualized dividend and a dividend yield of 5.72%. VAALCO Energy's dividend payout ratio is presently 29.41%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded VAALCO Energy from a "buy" rating to a "hold" rating in a research note on Thursday, December 19th.

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.