O Shaughnessy Asset Management LLC Trims Position in VAALCO Energy, Inc. (NYSE:EGY)

O Shaughnessy Asset Management LLC reduced its holdings in VAALCO Energy, Inc. (NYSE:EGY) by 22.1% during the 4th quarter, Holdings Channel reports. The fund owned 304,279 shares of the energy company’s stock after selling 86,073 shares during the period. O Shaughnessy Asset Management LLC’s holdings in VAALCO Energy were worth $1,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Intech Investment Management LLC acquired a new stake in VAALCO Energy during the 3rd quarter worth about $173,000. Charles Schwab Investment Management Inc. raised its position in VAALCO Energy by 66.9% during 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 acquiring an additional 386,071 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in VAALCO Energy by 33.3% in the third quarter. BNP Paribas Financial Markets now owns 54,543 shares of the energy company’s stock valued at $313,000 after acquiring an additional 13,616 shares during the period. Quantinno Capital Management LP purchased a new stake in VAALCO Energy in the 3rd quarter worth approximately $109,000. Finally, State Street Corp grew its stake in shares of 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 purchasing an additional 176,259 shares during the period. Institutional investors and hedge funds own 50.32% of the company’s stock.

VAALCO Energy Trading Down 5.2 %

EGY stock opened at $3.27 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.14. VAALCO Energy, Inc. has a 52-week low of $3.10 and a 52-week high of $7.43. The company’s 50-day simple moving average is $4.04 and its 200-day simple moving average is $4.78. The firm has a market cap of $339.24 million, a P/E ratio of 3.85 and a beta of 1.16.

VAALCO Energy (NYSE:EGY) last issued 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 company had revenue of $121.72 million for the quarter, compared to analyst estimates of $108.91 million. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. As a group, equities analysts forecast that VAALCO Energy, Inc. will post 0.43 EPS for the current fiscal year.

VAALCO Energy Dividend Announcement

The business 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. This represents a $0.25 dividend on an annualized basis and a yield of 7.65%. The ex-dividend date was Friday, February 28th. VAALCO Energy’s dividend payout ratio is presently 45.45%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of VAALCO Energy from a “hold” rating to a “buy” rating in a research note on Friday, March 14th.

Insiders Place Their Bets

In other VAALCO Energy news, COO Thor Pruckl sold 10,169 shares of the business’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 transaction of $40,167.55. Following the completion of the sale, the chief operating officer now directly owns 174,992 shares in the company, valued at approximately $691,218.40. The trade was a 5.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is currently owned by company insiders.

VAALCO Energy Company Profile

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.