VAALCO Energy, Inc. (NYSE:EGY) Holdings Lowered by Invesco Ltd.

Invesco Ltd. decreased its position in VAALCO Energy, Inc. (NYSE:EGY) by 4.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 260,518 shares of the energy company’s stock after selling 12,745 shares during the period. Invesco Ltd. owned about 0.25% of VAALCO Energy worth $1,138,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC raised its holdings 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 purchasing an additional 122,373 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in VAALCO Energy by 172.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 152,798 shares of the energy company’s stock valued at $877,000 after acquiring an additional 96,627 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in VAALCO Energy in the fourth quarter worth $349,000. Tieton Capital Management LLC boosted its position in shares of VAALCO Energy by 23.0% during the 4th quarter. Tieton Capital Management LLC now owns 1,805,053 shares of the energy company’s stock valued at $7,888,000 after acquiring an additional 337,644 shares in the last quarter. Finally, Foundry Partners LLC boosted its holdings in VAALCO Energy by 10.8% during the fourth quarter. Foundry Partners LLC now owns 1,330,413 shares of the energy company’s stock valued at $5,814,000 after purchasing an additional 129,939 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 dated Monday, March 24th. The stock was sold at an average price of $3.95, for a total transaction of $40,167.55. Following the transaction, the chief operating officer now owns 174,992 shares in the company, valued at $691,218.40. The trade was a 5.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.

VAALCO Energy Stock Up 3.2 %

Shares of NYSE:EGY opened at $3.38 on Friday. VAALCO Energy, Inc. has a 12 month low of $3.00 and a 12 month high of $7.43. The company’s 50-day moving average price is $3.66 and its two-hundred day moving average price is $4.42. The firm has a market cap of $354.64 million, a P/E ratio of 3.97 and a beta of 0.75. 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 (NYSE:EGY) last issued its quarterly earnings results on Thursday, March 13th. The energy company reported $0.07 earnings per share (EPS) for the quarter, beating 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 business had revenue of $121.72 million for the quarter, compared to analyst estimates of $108.91 million. As a group, research analysts forecast that VAALCO Energy, Inc. will post 0.43 EPS for the current fiscal year.

VAALCO Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were paid 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 7.41%. VAALCO Energy’s dividend payout ratio (DPR) is presently 45.45%.

Wall Street Analysts Forecast Growth

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

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.