Alps Advisors Inc. Decreases Holdings in Vaalco Energy Inc (NYSE:EGY)

Alps Advisors Inc. trimmed its holdings in shares of Vaalco Energy Inc (NYSE:EGY - Free Report) by 35.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 121,506 shares of the energy company's stock after selling 66,318 shares during the period. Alps Advisors Inc. owned approximately 0.12% of Vaalco Energy worth $457,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. American Century Companies Inc. lifted its holdings in shares of Vaalco Energy by 8.7% during the fourth quarter. American Century Companies Inc. now owns 3,901,984 shares of the energy company's stock valued at $17,052,000 after purchasing an additional 312,576 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Vaalco Energy by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,510,060 shares of the energy company's stock valued at $10,972,000 after purchasing an additional 16,473 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Vaalco Energy by 51.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,468,093 shares of the energy company's stock valued at $10,784,000 after purchasing an additional 834,398 shares during the last quarter. First Sabrepoint Capital Management LP lifted its holdings in shares of Vaalco Energy by 34.5% during the fourth quarter. First Sabrepoint Capital Management LP now owns 1,950,000 shares of the energy company's stock valued at $8,522,000 after purchasing an additional 500,000 shares during the last quarter. Finally, Tieton Capital Management LLC raised its holdings in Vaalco Energy by 23.0% in the 4th quarter. Tieton Capital Management LLC now owns 1,805,053 shares of the energy company's stock worth $7,888,000 after acquiring an additional 337,644 shares during the last quarter. 50.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Vaalco Energy from a "buy" rating to a "hold" rating in a report on Friday, May 16th.

Vaalco Energy Stock Down 0.7%

NYSE EGY traded down $0.03 during mid-day trading on Wednesday, reaching $3.58. The stock had a trading volume of 1,106,273 shares, compared to its average volume of 951,743. Vaalco Energy Inc has a 1 year low of $3.00 and a 1 year high of $7.43. The stock has a market cap of $371.16 million, a PE ratio of 6.50 and a beta of 0.84. The company has a fifty day moving average price of $3.61 and a 200 day moving average price of $3.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 1.09.

Vaalco Energy (NYSE:EGY - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The energy company reported $0.06 earnings per share for the quarter, hitting analysts' consensus estimates of $0.06. Vaalco Energy had a net margin of 11.97% and a return on equity of 8.74%. The company had revenue of $110.33 million during the quarter, compared to analyst estimates of $99.30 million. On average, research analysts expect that Vaalco Energy Inc will post 0.43 earnings per share for the current year.

Vaalco Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 23rd were issued a $0.0625 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.25 dividend on an annualized basis and a yield of 6.99%. Vaalco Energy's payout ratio is currently 45.45%.

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.