Charles Schwab Investment Management Inc. Sells 92,565 Shares of Vaalco Energy Inc $EGY

Charles Schwab Investment Management Inc. reduced its position in Vaalco Energy Inc (NYSE:EGY) by 10.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 833,383 shares of the energy company’s stock after selling 92,565 shares during the period. Charles Schwab Investment Management Inc. owned 0.79% of Vaalco Energy worth $3,134,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC raised its stake in Vaalco Energy by 776.1% in the 1st quarter. Parallel Advisors LLC now owns 8,305 shares of the energy company’s stock valued at $31,000 after acquiring an additional 7,357 shares during the period. CWM LLC raised its stake in Vaalco Energy by 259.6% in the 1st quarter. CWM LLC now owns 9,681 shares of the energy company’s stock valued at $36,000 after acquiring an additional 6,989 shares during the period. Simplicity Wealth LLC bought a new stake in Vaalco Energy in the 1st quarter valued at about $40,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Vaalco Energy during the first quarter valued at about $45,000. Finally, First Manhattan CO. LLC. bought a new stake in shares of Vaalco Energy during the fourth quarter valued at about $50,000. 50.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Vaalco Energy from a “buy” rating to a “hold” rating in a research report on Friday, May 16th.

Vaalco Energy Stock Down 0.3%

EGY stock opened at $3.89 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $3.75 and its 200 day moving average is $3.69. The stock has a market cap of $405.47 million, a price-to-earnings ratio of 10.80 and a beta of 0.89. Vaalco Energy Inc has a 1-year low of $3.00 and a 1-year high of $6.66.

Vaalco Energy (NYSE:EGY) last issued its earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $96.89 million during the quarter, compared to analyst estimates of $89.40 million. Vaalco Energy had a return on equity of 4.64% and a net margin of 8.26%. Sell-side analysts predict that Vaalco Energy Inc will post 0.43 EPS for the current fiscal year.

Vaalco Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.25 annualized dividend and a yield of 6.4%. Vaalco Energy’s dividend payout ratio is currently 69.44%.

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.