MetLife Investment Management LLC Sells 5,119 Shares of Vaalco Energy Inc $EGY

MetLife Investment Management LLC decreased its holdings in shares of Vaalco Energy Inc (NYSE:EGY) by 9.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,520 shares of the energy company’s stock after selling 5,119 shares during the period. MetLife Investment Management LLC’s holdings in Vaalco Energy were worth $190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Vaalco Energy by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,794 shares of the energy company’s stock valued at $261,000 after purchasing an additional 2,584 shares during the period. SummerHaven Investment Management LLC boosted its holdings in Vaalco Energy by 2.9% in the 1st quarter. SummerHaven Investment Management LLC now owns 125,175 shares of the energy company’s stock worth $471,000 after buying an additional 3,507 shares during the period. Values First Advisors Inc. boosted its holdings in Vaalco Energy by 1.2% in the 1st quarter. Values First Advisors Inc. now owns 407,867 shares of the energy company’s stock worth $1,536,000 after buying an additional 5,010 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Vaalco Energy by 8.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 82,191 shares of the energy company’s stock worth $360,000 after buying an additional 6,092 shares during the period. Finally, GTS Securities LLC boosted its holdings in Vaalco Energy by 49.1% in the 4th quarter. GTS Securities LLC now owns 19,268 shares of the energy company’s stock worth $84,000 after buying an additional 6,343 shares during the period. Institutional investors own 50.32% of the company’s stock.

Vaalco Energy Stock Performance

Shares of NYSE:EGY opened at $3.88 on Wednesday. The firm has a fifty day simple moving average of $3.78 and a two-hundred day simple moving average of $3.67. Vaalco Energy Inc has a 52 week low of $3.00 and a 52 week high of $6.45. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $404.53 million, a P/E ratio of 10.78 and a beta of 0.97.

Vaalco Energy (NYSE:EGY) last announced its earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $96.89 million for the quarter, compared to analysts’ expectations of $89.40 million. Vaalco Energy had a net margin of 8.26% and a return on equity of 4.64%. On average, analysts expect that Vaalco Energy Inc will post 0.43 earnings per share for the current fiscal year.

Vaalco Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Zacks Research raised shares of Vaalco Energy from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. Wall Street Zen downgraded shares of Vaalco Energy from a “buy” rating to a “hold” rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

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.