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

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

Several other institutional investors also recently modified their holdings of the business. Parallel Advisors LLC increased its stake in Vaalco Energy by 776.1% during the 1st quarter. Parallel Advisors LLC now owns 8,305 shares of the energy company's stock valued at $31,000 after purchasing an additional 7,357 shares in the last quarter. CIBC Private Wealth Group LLC bought a new stake in Vaalco Energy during the 4th quarter valued at about $38,000. Simplicity Wealth LLC bought a new stake in Vaalco Energy during the 1st quarter valued at about $40,000. First Manhattan CO. LLC. bought a new stake in Vaalco Energy during the 4th quarter valued at about $50,000. Finally, HBK Sorce Advisory LLC bought a new stake in Vaalco Energy during the 1st quarter valued at about $51,000. 50.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Vaalco Energy Stock Performance

Shares of EGY stock traded down $0.04 during trading hours on Friday, reaching $3.58. The company had a trading volume of 450,346 shares, compared to its average volume of 949,400. The business has a fifty day moving average price of $3.61 and a 200-day moving average price of $3.82. Vaalco Energy Inc has a one year low of $3.00 and a one year high of $7.43. The firm has a market cap of $371.16 million, a PE ratio of 6.50 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.09 and a current ratio of 1.13.

Vaalco Energy (NYSE:EGY - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy company reported $0.06 EPS 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 firm had revenue of $110.33 million during the quarter, compared to analyst estimates of $99.30 million. Sell-side analysts predict that Vaalco Energy Inc will post 0.43 earnings per share for the current fiscal year.

Vaalco Energy Announces Dividend

The firm 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. This represents a $0.25 dividend on an annualized basis and a dividend yield of 6.99%. The ex-dividend date of this dividend was Friday, May 23rd. Vaalco Energy's payout ratio is 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.