Vanguard Group Inc. decreased its holdings in VAALCO Energy, Inc. (NYSE:EGY - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,055,897 shares of the energy company's stock after selling 583,078 shares during the quarter. Vanguard Group Inc. owned approximately 6.71% of VAALCO Energy worth $30,834,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of EGY. BNP Paribas Financial Markets increased its position in shares of VAALCO Energy by 33.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 54,543 shares of the energy company's stock worth $313,000 after purchasing an additional 13,616 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in VAALCO Energy during the third quarter valued at approximately $109,000. State Street Corp grew its position in shares of VAALCO Energy by 4.3% in 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 in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of VAALCO Energy in the 3rd quarter valued at approximately $142,000. Finally, Barclays PLC raised its position 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 valued at $923,000 after acquiring an additional 122,373 shares in the last quarter. Hedge funds and other institutional investors own 50.32% of the company's stock.
Insider Transactions at VAALCO Energy
In other news, COO Thor Pruckl sold 10,169 shares of VAALCO Energy stock in a transaction that occurred 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 sale, the chief operating officer now owns 174,992 shares of the company's stock, valued at approximately $691,218.40. The trade was a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company's stock.
VAALCO Energy Stock Performance
NYSE EGY traded up $0.11 during trading hours on Friday, reaching $3.49. The company's stock had a trading volume of 730,873 shares, compared to its average volume of 962,964. The company has a current ratio of 1.34, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $3.83 and a 200 day simple moving average of $4.58. VAALCO Energy, Inc. has a 52 week low of $3.00 and a 52 week high of $7.43. The stock has a market cap of $361.54 million, a PE ratio of 4.10 and a beta of 0.75.
VAALCO Energy (NYSE:EGY - Get Free Report) last announced its quarterly earnings results 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 for 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%. Equities research analysts predict that VAALCO Energy, Inc. will post 0.43 earnings per share for the current fiscal year.
VAALCO Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 7.17%. The ex-dividend date was Friday, February 28th. VAALCO Energy's dividend payout ratio (DPR) is 45.45%.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of VAALCO Energy from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th.
Check Out Our Latest Analysis on VAALCO Energy
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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