Teacher Retirement System of Texas lessened its holdings in shares of VAALCO Energy, Inc. (NYSE:EGY - Free Report) by 65.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,251 shares of the energy company's stock after selling 214,622 shares during the period. Teacher Retirement System of Texas owned approximately 0.11% of VAALCO Energy worth $499,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of VAALCO Energy by 66.9% in the third 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. Kornitzer Capital Management Inc. KS lifted its stake in VAALCO Energy by 9.7% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 2,786,265 shares of the energy company's stock valued at $12,176,000 after acquiring an additional 247,310 shares in the last quarter. State Street Corp boosted its position in VAALCO Energy by 4.3% during the 3rd quarter. State Street Corp now owns 4,285,378 shares of the energy company's stock worth $24,598,000 after acquiring an additional 176,259 shares during the last quarter. Barclays PLC grew its stake in shares of VAALCO Energy by 319.0% during the 3rd quarter. Barclays PLC now owns 160,736 shares of the energy company's stock worth $923,000 after acquiring an additional 122,373 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of VAALCO Energy by 4.6% in the third quarter. Geode Capital Management LLC now owns 2,493,587 shares of the energy company's stock worth $14,316,000 after purchasing an additional 109,090 shares in the last quarter. 50.32% of the stock is currently owned by institutional investors and hedge funds.
VAALCO Energy Stock Performance
VAALCO Energy stock traded down $0.15 during midday trading on Friday, reaching $3.31. 1,020,395 shares of the company's stock were exchanged, compared to its average volume of 963,180. VAALCO Energy, Inc. has a 52 week low of $3.12 and a 52 week high of $7.51. The firm has a market cap of $342.87 million, a price-to-earnings ratio of 3.89 and a beta of 1.16. The stock's 50-day simple moving average is $4.06 and its 200 day simple moving average is $4.81. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.34.
VAALCO Energy (NYSE:EGY - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The energy company reported $0.07 EPS for the quarter, beating the consensus estimate 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 expect that VAALCO Energy, Inc. will post 0.43 earnings per share for the current fiscal year.
VAALCO Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were paid 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 dividend yield of 7.56%. VAALCO Energy's dividend payout ratio (DPR) is currently 45.45%.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded VAALCO Energy from a "hold" rating to a "buy" rating in a report on Friday, March 14th.
Check Out Our Latest Research Report on VAALCO Energy
Insider Buying and Selling
In other news, COO Thor Pruckl sold 10,169 shares of VAALCO Energy 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 owns 174,992 shares of the company's stock, valued at approximately $691,218.40. This trade represents a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by insiders.
About VAALCO Energy
(
Free Report)
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.
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