Teacher Retirement System of Texas Trims Stock Position in Vaalco Energy Inc (NYSE:EGY)

Teacher Retirement System of Texas cut its position in shares of Vaalco Energy Inc (NYSE:EGY - Free Report) by 86.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 quarter.

A number of other institutional investors also recently bought and sold shares of EGY. Janney Montgomery Scott LLC purchased a new stake in Vaalco Energy during the 1st quarter worth approximately $312,000. CWA Asset Management Group LLC increased its stake in Vaalco Energy by 36.9% during the 1st quarter. CWA Asset Management Group LLC now owns 109,892 shares of the energy company's stock worth $413,000 after buying an additional 29,635 shares during the period. Millennium Management LLC purchased a new stake in Vaalco Energy during the 4th quarter worth approximately $6,515,000. Dynamic Technology Lab Private Ltd acquired a new position in Vaalco Energy during the 4th quarter worth approximately $349,000. Finally, JPMorgan Chase & Co. grew its holdings in Vaalco Energy by 61.1% during the 4th quarter. JPMorgan Chase & Co. now owns 246,107 shares of the energy company's stock worth $1,075,000 after acquiring an additional 93,309 shares in the last quarter. 50.32% of the stock is owned by hedge funds and other institutional investors.

Vaalco Energy Stock Down 0.4%

EGY stock opened at $3.54 on Tuesday. Vaalco Energy Inc has a 1-year low of $3.00 and a 1-year high of $7.43. The firm has a market cap of $367.00 million, a price-to-earnings ratio of 6.43 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 1.09. The firm has a fifty day moving average price of $3.61 and a two-hundred day moving average price of $3.81.

Vaalco Energy (NYSE:EGY - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The energy company reported $0.06 EPS for the quarter, meeting analysts' consensus estimates of $0.06. The company had revenue of $110.33 million during 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%. Research analysts predict that Vaalco Energy Inc will post 0.43 EPS for the current year.

Vaalco Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.0625 per share. 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 7.07%. Vaalco Energy's dividend payout ratio is currently 45.45%.

Analysts Set New Price Targets

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

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.

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