Insider Selling: VAALCO Energy, Inc. (NYSE:EGY) COO Sells 10,169 Shares of Stock

VAALCO Energy, Inc. (NYSE:EGY - Get Free Report) COO Thor Pruckl sold 10,169 shares of the company's stock in a transaction that occurred on 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 owns 174,992 shares of the company's stock, valued at $691,218.40. The trade was a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

VAALCO Energy Price Performance

Shares of NYSE:EGY traded down $0.12 during mid-day trading on Friday, reaching $3.81. The stock had a trading volume of 1,004,175 shares, compared to its average volume of 966,868. The company has a market cap of $394.74 million, a P/E ratio of 4.48 and a beta of 1.16. The business's 50 day moving average price is $4.12 and its 200 day moving average price is $4.86. 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 1 year low of $3.57 and a 1 year high of $7.51.

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. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. The business had revenue of $121.72 million for the quarter, compared to analysts' expectations of $108.91 million. Research analysts expect that VAALCO Energy, Inc. will post 0.43 EPS for the current fiscal year.

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VAALCO Energy Announces Dividend

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 annualized dividend and a yield of 6.57%. VAALCO Energy's dividend payout ratio (DPR) is currently 45.45%.

Hedge Funds Weigh In On VAALCO Energy

A number of institutional investors and hedge funds have recently made changes to their positions in EGY. Zacks Investment Management lifted its holdings in shares of VAALCO Energy by 19.6% in the 3rd quarter. Zacks Investment Management now owns 15,419 shares of the energy company's stock valued at $89,000 after acquiring an additional 2,527 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of VAALCO Energy by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,794 shares of the energy company's stock valued at $261,000 after purchasing an additional 2,584 shares during the last quarter. Segall Bryant & Hamill LLC lifted its stake in shares of VAALCO Energy by 1.0% in the 4th quarter. Segall Bryant & Hamill LLC now owns 294,929 shares of the energy company's stock valued at $1,289,000 after purchasing an additional 2,875 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of VAALCO Energy by 6.0% in the 4th quarter. MetLife Investment Management LLC now owns 55,639 shares of the energy company's stock worth $243,000 after purchasing an additional 3,142 shares during the period. Finally, Catalina Capital Group LLC increased its position in shares of VAALCO Energy by 19.5% during the 4th quarter. Catalina Capital Group LLC now owns 20,334 shares of the energy company's stock valued at $89,000 after purchasing an additional 3,315 shares during the last quarter. 50.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of VAALCO Energy from a "hold" rating to a "buy" rating in a report on Friday, March 14th.

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.