O Shaughnessy Asset Management LLC Decreases Holdings in VAALCO Energy, Inc. (NYSE:EGY)

O Shaughnessy Asset Management LLC decreased its position in shares of VAALCO Energy, Inc. (NYSE:EGY - Free Report) by 22.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304,279 shares of the energy company's stock after selling 86,073 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.29% of VAALCO Energy worth $1,330,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. IFP Advisors Inc purchased a new stake in shares of VAALCO Energy during the 4th quarter worth approximately $27,000. CIBC Private Wealth Group LLC purchased a new stake in VAALCO Energy in the 4th quarter valued at approximately $38,000. Atria Wealth Solutions Inc. purchased a new stake in VAALCO Energy in the 4th quarter valued at approximately $44,000. Virtu Financial LLC purchased a new stake in VAALCO Energy in the 4th quarter valued at approximately $59,000. Finally, Quantbot Technologies LP purchased a new stake in VAALCO Energy in the 4th quarter valued at approximately $60,000. Hedge funds and other institutional investors own 50.32% of the company's stock.

Analyst Upgrades and Downgrades

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

VAALCO Energy Trading Down 8.6 %

EGY traded down $0.30 during trading on Thursday, hitting $3.14. The company's stock had a trading volume of 151,244 shares, compared to its average volume of 963,064. The firm's 50 day moving average price is $3.95 and its 200-day moving average price is $4.70. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.34 and a quick ratio of 1.32. The stock has a market cap of $325.23 million, a PE ratio of 3.70 and a beta of 0.75. VAALCO Energy, Inc. has a twelve month low of $3.00 and a twelve month high of $7.43.

VAALCO Energy (NYSE:EGY - Get Free Report) last issued 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. The company had revenue of $121.72 million during the quarter, compared to the consensus estimate of $108.91 million. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. On average, analysts expect that VAALCO Energy, Inc. will post 0.43 earnings per share for the current year.

VAALCO Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were issued a $0.0625 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.25 annualized dividend and a yield of 7.97%. VAALCO Energy's dividend payout ratio (DPR) is presently 45.45%.

Insider Transactions at VAALCO Energy

In other news, COO Thor Pruckl sold 10,169 shares of the company'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 sale, the chief operating officer now directly owns 174,992 shares in the company, valued at $691,218.40. This represents a 5.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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.