Renaissance Technologies LLC Sells 372,266 Shares of VAALCO Energy, Inc. (NYSE:EGY)

Renaissance Technologies LLC lessened its holdings in shares of VAALCO Energy, Inc. (NYSE:EGY - Free Report) by 18.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,612,025 shares of the energy company's stock after selling 372,266 shares during the quarter. Renaissance Technologies LLC owned about 1.53% of VAALCO Energy worth $7,045,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling

In other news, COO Thor Pruckl sold 10,169 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $3.95, for a total transaction of $40,167.55. Following the transaction, the chief operating officer now directly owns 174,992 shares in the company, valued at $691,218.40. The trade was a 5.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.30% of the stock is currently owned by corporate insiders.

VAALCO Energy Stock Performance

VAALCO Energy stock traded up $0.04 during mid-day trading on Thursday, reaching $3.44. The company's stock had a trading volume of 196,402 shares, compared to its average volume of 957,548. The business has a 50 day moving average price of $3.78 and a 200-day moving average price of $4.53. 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 twelve month low of $3.00 and a twelve month high of $7.43. The firm has a market cap of $356.36 million, a price-to-earnings ratio of 4.04 and a beta of 0.75.

VAALCO Energy (NYSE:EGY - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The energy company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. The business 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%. Sell-side analysts predict that VAALCO Energy, Inc. will post 0.43 EPS for the current fiscal year.

VAALCO Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were given a dividend of $0.0625 per share. The ex-dividend date was Friday, February 28th. This represents a $0.25 dividend on an annualized basis and a yield of 7.28%. VAALCO Energy's payout ratio is presently 45.45%.

Wall Street Analysts Forecast Growth

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

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.