VAALCO Energy, Inc. (NYSE:EGY) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in VAALCO Energy, Inc. (NYSE:EGY) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,510,060 shares of the energy company’s stock after acquiring an additional 16,473 shares during the quarter. Geode Capital Management LLC owned about 2.39% of VAALCO Energy worth $10,972,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EGY. Barclays PLC lifted its stake in VAALCO Energy by 319.0% during the 3rd quarter. Barclays PLC now owns 160,736 shares of the energy company’s stock worth $923,000 after acquiring an additional 122,373 shares in the last quarter. JPMorgan Chase & Co. increased its stake in VAALCO Energy by 172.0% during the third quarter. JPMorgan Chase & Co. now owns 152,798 shares of the energy company’s stock worth $877,000 after purchasing an additional 96,627 shares during the period. Tieton Capital Management LLC increased its stake in VAALCO Energy by 23.0% during the fourth quarter. Tieton Capital Management LLC now owns 1,805,053 shares of the energy company’s stock worth $7,888,000 after purchasing an additional 337,644 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in shares of VAALCO Energy during the fourth quarter worth about $44,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of VAALCO Energy by 6.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,390,838 shares of the energy company’s stock valued at $6,078,000 after purchasing an additional 90,364 shares during the period. Hedge funds and other institutional investors own 50.32% of the company’s stock.

Insiders Place Their Bets

In related 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 value of $40,167.55. Following the sale, the chief operating officer now directly owns 174,992 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by insiders.

Analyst Ratings Changes

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

VAALCO Energy Price Performance

EGY stock opened at $3.47 on Wednesday. The business has a 50 day moving average price of $3.80 and a 200 day moving average price of $4.54. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.14. The stock has a market cap of $359.47 million, a price-to-earnings ratio of 4.08 and a beta of 0.75. VAALCO Energy, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $7.43.

VAALCO Energy (NYSE:EGY) last posted its earnings results on Thursday, March 13th. The energy company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates 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. Equities research analysts anticipate that VAALCO Energy, Inc. will post 0.43 earnings per share for the current fiscal year.

VAALCO Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were paid a $0.0625 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.25 annualized dividend and a yield of 7.22%. VAALCO Energy’s dividend payout ratio is currently 45.45%.

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.