VAALCO Energy, Inc. (NYSE:EGY) Position Increased by Foundry Partners LLC

Foundry Partners LLC lifted its holdings in shares of VAALCO Energy, Inc. (NYSE:EGY - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,330,413 shares of the energy company's stock after buying an additional 129,939 shares during the period. Foundry Partners LLC owned about 1.27% of VAALCO Energy worth $5,814,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Intech Investment Management LLC purchased a new stake in VAALCO Energy during the third quarter worth about $173,000. Charles Schwab Investment Management Inc. increased its stake in VAALCO Energy by 66.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 962,824 shares of the energy company's stock valued at $5,527,000 after purchasing an additional 386,071 shares in the last quarter. D.A. Davidson & CO. boosted its position in VAALCO Energy by 115.4% during the third quarter. D.A. Davidson & CO. now owns 26,500 shares of the energy company's stock worth $152,000 after purchasing an additional 14,200 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of VAALCO Energy by 33.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 54,543 shares of the energy company's stock worth $313,000 after purchasing an additional 13,616 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in VAALCO Energy in the 3rd quarter valued at approximately $109,000. 50.32% of the stock is currently owned by hedge funds and other institutional investors.

VAALCO Energy Trading Up 0.1 %

Shares of NYSE EGY traded up $0.00 during midday trading on Wednesday, hitting $3.10. The stock had a trading volume of 235,343 shares, compared to its average volume of 962,467. VAALCO Energy, Inc. has a 1-year low of $3.00 and a 1-year high of $7.43. The company has a fifty day moving average price of $3.97 and a 200 day moving average price of $4.73. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $322.02 million, a price-to-earnings ratio of 3.64 and a beta of 0.75.

VAALCO Energy (NYSE:EGY - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The energy company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. The firm had revenue of $121.72 million for 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, analysts predict that VAALCO Energy, Inc. will post 0.43 earnings per share for the current year.

VAALCO Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 8.05%. The ex-dividend date of this dividend was Friday, February 28th. VAALCO Energy's dividend payout ratio is presently 45.45%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at VAALCO Energy

In other VAALCO Energy news, COO Thor Pruckl sold 10,169 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $3.95, for a total transaction of $40,167.55. Following the completion of the transaction, the chief operating officer now owns 174,992 shares in the company, valued at approximately $691,218.40. The trade was a 5.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.