Mercer Global Advisors Inc. ADV Cuts Stock Position in VAALCO Energy, Inc. (NYSE:EGY)

Mercer Global Advisors Inc. ADV cut its holdings in shares of VAALCO Energy, Inc. (NYSE:EGY) by 30.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,995 shares of the energy company’s stock after selling 10,815 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in VAALCO Energy were worth $109,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. IFP Advisors Inc purchased a new stake in shares of VAALCO Energy during the fourth quarter worth approximately $27,000. CIBC Private Wealth Group LLC purchased a new stake in shares of VAALCO Energy during the fourth quarter worth approximately $38,000. Atria Wealth Solutions Inc. purchased a new stake in shares of VAALCO Energy during the fourth quarter worth approximately $44,000. Virtu Financial LLC purchased a new stake in shares of VAALCO Energy during the fourth quarter worth approximately $59,000. Finally, Quantbot Technologies LP purchased a new stake in shares of VAALCO Energy during the fourth quarter worth approximately $60,000. 50.32% of the stock is currently owned by hedge funds and other institutional investors.

VAALCO Energy Stock Down 0.8%

EGY stock opened at $3.49 on Friday. The company’s 50 day moving average price is $3.56 and its 200 day moving average price is $4.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.34. VAALCO Energy, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $7.43. The firm has a market capitalization of $362.43 million, a price-to-earnings ratio of 4.11 and a beta of 0.87.

VAALCO Energy (NYSE:EGY) last released its earnings results on Thursday, May 8th. The energy company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $110.33 million for the quarter, compared to analyst estimates of $99.30 million. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. On average, equities research analysts anticipate that VAALCO Energy, Inc. will post 0.43 EPS for the current fiscal year.

VAALCO Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 23rd will be issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 7.16%. The ex-dividend date of this dividend is Friday, May 23rd. VAALCO Energy’s dividend payout ratio (DPR) is 45.45%.

Analyst Upgrades and Downgrades

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

Insider Activity at VAALCO Energy

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 stock was sold at an average price of $3.95, for a total value of $40,167.55. Following the completion of the transaction, the chief operating officer now directly owns 174,992 shares of the company’s stock, valued at $691,218.40. This represents a 5.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

VAALCO Energy 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.