VAALCO Energy (NYSE:EGY) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of VAALCO Energy (NYSE:EGY - Free Report) from a buy rating to a hold rating in a research report released on Tuesday morning.

VAALCO Energy Trading Down 2.0 %

Shares of EGY traded down $0.08 during mid-day trading on Tuesday, reaching $4.01. 1,170,675 shares of the company's stock traded hands, compared to its average volume of 774,281. The stock has a market cap of $421.43 million, a P/E ratio of 4.72 and a beta of 1.18. VAALCO Energy has a 12 month low of $3.83 and a 12 month high of $7.51. 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's 50-day moving average is $4.33 and its two-hundred day moving average is $5.19.

VAALCO Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 6.23%. The ex-dividend date is Friday, February 28th. VAALCO Energy's payout ratio is 29.41%.

Institutional Investors Weigh In On VAALCO Energy

Several institutional investors have recently bought and sold shares of the company. State Street Corp increased its holdings in shares of VAALCO Energy by 4.3% in the third quarter. State Street Corp now owns 4,285,378 shares of the energy company's stock valued at $24,598,000 after purchasing an additional 176,259 shares during the period. American Century Companies Inc. boosted its position in VAALCO Energy by 8.7% in the 4th quarter. American Century Companies Inc. now owns 3,901,984 shares of the energy company's stock worth $17,052,000 after purchasing an additional 312,576 shares in the last quarter. Kornitzer Capital Management Inc. KS grew its position in VAALCO Energy by 9.7% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 2,786,265 shares of the energy company's stock valued at $12,176,000 after buying an additional 247,310 shares during the period. Geode Capital Management LLC increased its stake in shares of VAALCO Energy by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,510,060 shares of the energy company's stock valued at $10,972,000 after purchasing an additional 16,473 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in VAALCO Energy by 51.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,468,093 shares of the energy company's stock worth $10,784,000 after purchasing an additional 834,398 shares during the period. 50.32% of the stock is currently owned by institutional investors and hedge funds.

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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.