Two Sigma Advisers LP Decreases Stock Holdings in VAALCO Energy, Inc. (NYSE:EGY)

Two Sigma Advisers LP decreased its stake in shares of VAALCO Energy, Inc. (NYSE:EGY) by 35.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,738 shares of the energy company’s stock after selling 9,100 shares during the period. Two Sigma Advisers LP’s holdings in VAALCO Energy were worth $73,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its position in VAALCO Energy by 46.2% during the fourth quarter. SG Americas Securities LLC now owns 28,289 shares of the energy company’s stock valued at $124,000 after buying an additional 8,937 shares during the period. Empowered Funds LLC boosted its stake in shares of VAALCO Energy by 5.1% during the 4th quarter. Empowered Funds LLC now owns 543,285 shares of the energy company’s stock worth $2,374,000 after acquiring an additional 26,549 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of VAALCO Energy by 8.0% during the 4th quarter. Principal Financial Group Inc. now owns 52,895 shares of the energy company’s stock valued at $231,000 after acquiring an additional 3,930 shares during the period. Kornitzer Capital Management Inc. KS increased its stake in shares of VAALCO Energy by 9.7% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 2,786,265 shares of the energy company’s stock worth $12,176,000 after purchasing an additional 247,310 shares in the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of VAALCO Energy in the 4th quarter worth $44,000. Hedge funds and other institutional investors own 50.32% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded VAALCO Energy from a “buy” rating to a “hold” rating in a research note on Friday, May 16th.

Insider Activity at VAALCO Energy

In other news, COO Thor Pruckl sold 10,169 shares of the 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 transaction, the chief operating officer now directly owns 174,992 shares in the company, valued at approximately $691,218.40. This trade represents a 5.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is currently owned by company insiders.

VAALCO Energy Price Performance

NYSE:EGY opened at $3.44 on Monday. The business’s 50-day moving average is $3.37 and its 200 day moving average is $4.01. VAALCO Energy, Inc. has a 12 month low of $3.00 and a 12 month high of $7.43. The company has a market capitalization of $356.62 million, a P/E ratio of 4.04 and a beta of 0.83. 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 (NYSE:EGY) last issued its quarterly earnings data on Thursday, May 8th. The energy company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $110.33 million during the quarter, compared to analysts’ expectations 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 forecast that VAALCO Energy, Inc. will post 0.43 earnings per share for the current fiscal year.

VAALCO Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 23rd will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 7.28%. The ex-dividend date is Friday, May 23rd. VAALCO Energy’s dividend payout ratio is presently 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.