Versor Investments LP Sells 20,000 Shares of VAALCO Energy, Inc. (NYSE:EGY)

Versor Investments LP reduced its position in shares of VAALCO Energy, Inc. (NYSE:EGY) by 64.1% in the third quarter, HoldingsChannel reports. The firm owned 11,200 shares of the energy company’s stock after selling 20,000 shares during the quarter. Versor Investments LP’s holdings in VAALCO Energy were worth $64,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC bought a new position in shares of VAALCO Energy during the 1st quarter valued at approximately $498,000. Vanguard Group Inc. grew its stake in shares of VAALCO Energy by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 6,024,145 shares of the energy company’s stock valued at $41,988,000 after acquiring an additional 124,853 shares during the period. O Shaughnessy Asset Management LLC grew its stake in shares of VAALCO Energy by 221.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 33,782 shares of the energy company’s stock valued at $235,000 after acquiring an additional 23,288 shares during the period. Quadrature Capital Ltd grew its stake in shares of VAALCO Energy by 30.7% during the 1st quarter. Quadrature Capital Ltd now owns 114,770 shares of the energy company’s stock valued at $799,000 after acquiring an additional 26,949 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of VAALCO Energy by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,678 shares of the energy company’s stock valued at $458,000 after acquiring an additional 4,590 shares during the period. 50.32% of the stock is currently owned by institutional investors.

VAALCO Energy Stock Down 0.8 %

NYSE EGY opened at $5.26 on Monday. The stock’s 50 day moving average is $5.73 and its 200 day moving average is $6.15. The company has a current ratio of 1.34, a quick ratio of 1.15 and a debt-to-equity ratio of 0.14. VAALCO Energy, Inc. has a 12 month low of $4.01 and a 12 month high of $7.51. The stock has a market cap of $545.67 million, a PE ratio of 6.19 and a beta of 1.19.

VAALCO Energy (NYSE:EGY) last posted its quarterly earnings results on Monday, November 11th. The energy company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. The business had revenue of $140.33 million during the quarter, compared to analysts’ expectations of $128.64 million. During the same period in the prior year, the firm posted $0.07 earnings per share. Research analysts predict that VAALCO Energy, Inc. will post 0.5 EPS for the current fiscal year.

VAALCO Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 22nd will be issued a $0.0625 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.25 dividend on an annualized basis and a yield of 4.75%. VAALCO Energy’s dividend payout ratio is presently 29.41%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded VAALCO Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

VAALCO Energy Company 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.