Barclays PLC Raises Holdings in VAALCO Energy, Inc. (NYSE:EGY)

Barclays PLC grew its position in shares of VAALCO Energy, Inc. (NYSE:EGY) by 319.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,736 shares of the energy company’s stock after buying an additional 122,373 shares during the period. Barclays PLC’s holdings in VAALCO Energy were worth $923,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EGY. nVerses Capital LLC purchased a new stake in VAALCO Energy during the 3rd quarter worth about $60,000. Crestmont Private Wealth LLC purchased a new stake in VAALCO Energy during the 3rd quarter worth about $63,000. Zacks Investment Management lifted its holdings in VAALCO Energy by 19.6% during the 3rd quarter. Zacks Investment Management now owns 15,419 shares of the energy company’s stock worth $89,000 after purchasing an additional 2,527 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in VAALCO Energy during the 2nd quarter worth about $93,000. Finally, Mackenzie Financial Corp purchased a new stake in VAALCO Energy during the 2nd quarter worth about $110,000. Hedge funds and other institutional investors own 50.32% of the company’s stock.

VAALCO Energy Stock Performance

NYSE:EGY opened at $4.24 on Tuesday. The business’s 50-day moving average price is $5.08 and its two-hundred day moving average price is $5.85. VAALCO Energy, Inc. has a twelve month low of $4.03 and a twelve month high of $7.51. The stock has a market cap of $439.87 million, a P/E ratio of 4.99 and a beta of 1.18. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.14.

VAALCO Energy (NYSE:EGY) last released its quarterly earnings results on Monday, November 11th. The energy company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.04). VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. 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 previous year, the business earned $0.07 EPS. As a group, equities 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 was paid on Friday, December 20th. Shareholders of record on Friday, November 22nd were issued a $0.0625 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.25 annualized dividend and a dividend yield of 5.90%. VAALCO Energy’s payout ratio is currently 29.41%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut VAALCO Energy from a “buy” rating to a “hold” rating in a report on Thursday, December 19th.

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.