LSV Asset Management Sells 250,631 Shares of VAALCO Energy, Inc. (NYSE:EGY)

LSV Asset Management lessened its position in shares of VAALCO Energy, Inc. (NYSE:EGY - Free Report) by 50.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 245,045 shares of the energy company's stock after selling 250,631 shares during the period. LSV Asset Management owned 0.23% of VAALCO Energy worth $1,071,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EGY. IFP Advisors Inc purchased a new stake in shares of VAALCO Energy during the 4th quarter valued at approximately $27,000. CIBC Private Wealth Group LLC bought a new stake in shares of VAALCO Energy during the 4th quarter valued at $38,000. Atria Wealth Solutions Inc. purchased a new stake in VAALCO Energy during the 4th quarter worth about $44,000. Virtu Financial LLC bought a new position in VAALCO Energy in the 4th quarter worth about $59,000. Finally, Quantbot Technologies LP bought a new stake in shares of VAALCO Energy during the fourth quarter valued at about $60,000. 50.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of VAALCO Energy from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th.

Insider Transactions at VAALCO Energy

In other news, COO Thor Pruckl sold 10,169 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $3.95, for a total value of $40,167.55. Following the completion of the transaction, the chief operating officer now directly owns 174,992 shares in the company, valued at approximately $691,218.40. This represents a 5.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.30% of the company's stock.

VAALCO Energy Price Performance

Shares of VAALCO Energy stock traded up $0.11 during trading on Friday, hitting $3.49. The stock had a trading volume of 730,873 shares, compared to its average volume of 962,964. 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 12 month low of $3.00 and a 12 month high of $7.43. The firm has a market cap of $361.54 million, a price-to-earnings ratio of 4.10 and a beta of 0.75. The business's 50-day moving average is $3.83 and its 200 day moving average is $4.57.

VAALCO Energy (NYSE:EGY - Get Free Report) last released its quarterly 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. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. The firm had revenue of $121.72 million for the quarter, compared to analysts' expectations of $108.91 million. As a group, sell-side analysts anticipate that VAALCO Energy, Inc. will post 0.43 earnings per share for the current year.

VAALCO Energy Dividend Announcement

The business 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.25 dividend on an annualized basis and a yield of 7.17%. VAALCO Energy's dividend payout ratio is presently 45.45%.

VAALCO Energy 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.