Charles Schwab Investment Management Inc. cut its holdings in Vaalco Energy Inc (NYSE:EGY - Free Report) by 10.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 833,383 shares of the energy company's stock after selling 92,565 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.79% of Vaalco Energy worth $3,134,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of EGY. Parallel Advisors LLC boosted its stake in shares of Vaalco Energy by 776.1% in 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. CWM LLC boosted its stake in shares of Vaalco Energy by 259.6% in the 1st quarter. CWM LLC now owns 9,681 shares of the energy company's stock valued at $36,000 after purchasing an additional 6,989 shares in the last quarter. Simplicity Wealth LLC acquired a new stake in shares of Vaalco Energy in the 1st quarter valued at approximately $40,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Vaalco Energy in the first quarter valued at approximately $45,000. Finally, First Manhattan CO. LLC. acquired a new stake in Vaalco Energy in the fourth quarter valued at approximately $50,000. 50.32% of the stock is owned by institutional investors and hedge funds.
Vaalco Energy Trading Up 1.8%
Shares of NYSE:EGY traded up $0.07 during mid-day trading on Tuesday, reaching $3.95. 590,723 shares of the company's stock were exchanged, compared to its average volume of 919,141. The firm has a market capitalization of $411.83 million, a price-to-earnings ratio of 10.97 and a beta of 0.97. Vaalco Energy Inc has a twelve month low of $3.00 and a twelve month high of $6.45. The business's fifty day moving average price is $3.76 and its 200-day moving average price is $3.68. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 1.39.
Vaalco Energy (NYSE:EGY - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.02. The firm had revenue of $96.89 million for the quarter, compared to the consensus estimate of $89.40 million. Vaalco Energy had a net margin of 8.26% and a return on equity of 4.64%. On average, research analysts predict that Vaalco Energy Inc will post 0.43 EPS for the current fiscal year.
Vaalco Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Friday, August 22nd. Vaalco Energy's dividend payout ratio is 69.44%.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered shares of Vaalco Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 16th.
Check Out Our Latest Stock Analysis on EGY
About Vaalco Energy
(
Free Report)
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.
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