Vaalco Energy Inc (NYSE:EGY) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its holdings in shares of Vaalco Energy Inc (NYSE:EGY - Free Report) by 86.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,353 shares of the energy company's stock after selling 98,898 shares during the period. Teacher Retirement System of Texas' holdings in Vaalco Energy were worth $58,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EGY. Parallel Advisors LLC boosted its position in shares of Vaalco Energy by 776.1% during the 1st quarter. Parallel Advisors LLC now owns 8,305 shares of the energy company's stock worth $31,000 after purchasing an additional 7,357 shares during the period. CIBC Private Wealth Group LLC purchased a new position in shares of Vaalco Energy during the 4th quarter worth approximately $38,000. Simplicity Wealth LLC purchased a new position in shares of Vaalco Energy during the 1st quarter worth approximately $40,000. First Manhattan CO. LLC. purchased a new position in shares of Vaalco Energy during the 4th quarter worth approximately $50,000. Finally, Virtu Financial LLC purchased a new position in shares of Vaalco Energy during the 4th quarter worth approximately $59,000. Hedge funds and other institutional investors own 50.32% of the company's stock.

Analyst Ratings Changes

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 2.0%

Vaalco Energy stock traded down $0.08 during mid-day trading on Friday, reaching $3.76. 379,461 shares of the company's stock were exchanged, compared to its average volume of 852,922. The company has a market cap of $389.84 million, a P/E ratio of 6.83 and a beta of 0.84. Vaalco Energy Inc has a twelve month low of $3.00 and a twelve month high of $7.43. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $3.62 and a 200-day moving average of $3.79.

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

Vaalco Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.0625 per share. The ex-dividend date was Friday, May 23rd. This represents a $0.25 dividend on an annualized basis and a yield of 6.66%. Vaalco Energy's dividend payout ratio (DPR) is presently 45.45%.

About Vaalco Energy

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.