VAALCO Energy, Inc. (NYSE:EGY) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in shares of VAALCO Energy, Inc. (NYSE:EGY) by 36.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 68,678 shares of the energy company’s stock after selling 38,945 shares during the quarter. Victory Capital Management Inc.’s holdings in VAALCO Energy were worth $300,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Versor Investments LP grew its position in VAALCO Energy by 603.6% in the fourth quarter. Versor Investments LP now owns 78,800 shares of the energy company’s stock valued at $344,000 after acquiring an additional 67,600 shares in the last quarter. Kovack Advisors Inc. grew its position in VAALCO Energy by 71.2% in the fourth quarter. Kovack Advisors Inc. now owns 227,200 shares of the energy company’s stock valued at $993,000 after acquiring an additional 94,500 shares in the last quarter. Bank of New York Mellon Corp grew its position in VAALCO Energy by 6.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,390,838 shares of the energy company’s stock valued at $6,078,000 after acquiring an additional 90,364 shares in the last quarter. IFP Advisors Inc acquired a new stake in VAALCO Energy in the fourth quarter valued at approximately $27,000. Finally, Navellier & Associates Inc. grew its position in VAALCO Energy by 17.4% in the fourth quarter. Navellier & Associates Inc. now owns 234,412 shares of the energy company’s stock valued at $1,024,000 after acquiring an additional 34,687 shares in the last quarter. Institutional investors and hedge funds own 50.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of VAALCO Energy from a “hold” rating to a “buy” rating in a research report on Friday, March 14th.

VAALCO Energy Stock Down 1.6 %

Shares of NYSE:EGY opened at $3.88 on Friday. 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, Inc. has a 52-week low of $3.57 and a 52-week high of $7.51. The company has a 50 day moving average of $4.20 and a two-hundred day moving average of $4.91. The company has a market capitalization of $402.00 million, a price-to-earnings ratio of 4.56 and a beta of 1.16.

VAALCO Energy (NYSE:EGY) last released its earnings results on Thursday, March 13th. The energy company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. The company had revenue of $121.72 million during the quarter, compared to analysts’ expectations of $108.91 million. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. As a group, analysts forecast that VAALCO Energy, Inc. will post 0.43 earnings per share for the current fiscal year.

VAALCO Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 6.45%. The ex-dividend date is Friday, February 28th. VAALCO Energy’s dividend payout ratio (DPR) is currently 45.45%.

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.