Alliancebernstein L.P. Sells 7,550 Shares of VAALCO Energy, Inc. (NYSE:EGY)

Alliancebernstein L.P. cut its holdings in VAALCO Energy, Inc. (NYSE:EGY) by 6.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 105,820 shares of the energy company’s stock after selling 7,550 shares during the quarter. Alliancebernstein L.P. owned about 0.10% of VAALCO Energy worth $462,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. IFP Advisors Inc acquired a new position in shares of VAALCO Energy in the fourth quarter valued at approximately $27,000. CIBC Private Wealth Group LLC bought a new stake in VAALCO Energy in the 4th quarter valued at approximately $38,000. Atria Wealth Solutions Inc. acquired a new position in VAALCO Energy during the fourth quarter worth $44,000. Virtu Financial LLC acquired a new position in shares of VAALCO Energy during the 4th quarter worth about $59,000. Finally, Quantbot Technologies LP acquired a new position in VAALCO Energy during the fourth quarter valued at approximately $60,000. 50.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut VAALCO Energy from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th.

Insider Buying and Selling

In related news, COO Thor Pruckl sold 10,169 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $3.95, for a total transaction of $40,167.55. Following the completion of the transaction, the chief operating officer now directly owns 174,992 shares in the company, valued at $691,218.40. This represents a 5.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by corporate insiders.

VAALCO Energy Price Performance

Shares of NYSE EGY opened at $3.49 on Monday. The firm has a market cap of $361.54 million, a P/E ratio of 4.10 and a beta of 0.75. The business’s 50 day moving average is $3.83 and its 200-day moving average is $4.57. 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 $3.00 and a 1-year high of $7.43.

VAALCO Energy (NYSE:EGY) last released its 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. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. The company had revenue of $121.72 million for the quarter, compared to analyst estimates of $108.91 million. Equities research analysts predict that VAALCO Energy, Inc. will post 0.43 earnings per share for the current year.

VAALCO Energy Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 7.17%. VAALCO Energy’s dividend payout ratio (DPR) is currently 45.45%.

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.