VAALCO Energy, Inc. (NYSE:EGY) Stock Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of VAALCO Energy, Inc. (NYSE:EGY - Free Report) by 66.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 962,824 shares of the energy company's stock after purchasing an additional 386,071 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.93% of VAALCO Energy worth $5,527,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of VAALCO Energy by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,678 shares of the energy company's stock worth $458,000 after purchasing an additional 4,590 shares during the period. SG Americas Securities LLC acquired a new stake in shares of VAALCO Energy in the second quarter worth $96,000. Gladius Capital Management LP purchased a new position in shares of VAALCO Energy in the 2nd quarter valued at $28,000. Values First Advisors Inc. lifted its holdings in shares of VAALCO Energy by 1.2% during the 2nd quarter. Values First Advisors Inc. now owns 456,718 shares of the energy company's stock valued at $2,864,000 after acquiring an additional 5,618 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in VAALCO Energy by 6.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,318,650 shares of the energy company's stock worth $8,268,000 after purchasing an additional 76,779 shares during the period. Institutional investors and hedge funds own 50.32% of the company's stock.

VAALCO Energy Stock Up 0.8 %

Shares of EGY stock traded up $0.04 during mid-day trading on Friday, reaching $4.98. 376,084 shares of the company were exchanged, compared to its average volume of 988,861. 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 business's 50 day simple moving average is $5.48 and its 200 day simple moving average is $6.00. The company has a market capitalization of $516.63 million, a P/E ratio of 5.81 and a beta of 1.18. VAALCO Energy, Inc. has a fifty-two week low of $4.03 and a fifty-two week high of $7.51.

VAALCO Energy (NYSE:EGY - Get Free Report) last announced its quarterly earnings data on Monday, November 11th. The energy company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.04). VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. The company had revenue of $140.33 million for the quarter, compared to analyst estimates of $128.64 million. During the same period in the prior year, the business earned $0.07 earnings per share. Research analysts predict that VAALCO Energy, Inc. will post 0.5 earnings per share for the current year.

VAALCO Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend is Friday, November 22nd. VAALCO Energy's dividend payout ratio is presently 29.41%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of VAALCO Energy from a "hold" rating to a "buy" rating in a report on Wednesday.

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.