UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in VAALCO Energy, Inc. (NYSE:EGY - Free Report) by 29.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 303,900 shares of the energy company's stock after selling 124,425 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.29% of VAALCO Energy worth $1,328,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. SG Americas Securities LLC grew its holdings in shares of VAALCO Energy by 46.2% in the fourth quarter. SG Americas Securities LLC now owns 28,289 shares of the energy company's stock worth $124,000 after acquiring an additional 8,937 shares during the period. Empowered Funds LLC grew its stake in shares of VAALCO Energy by 5.1% during the 4th quarter. Empowered Funds LLC now owns 543,285 shares of the energy company's stock valued at $2,374,000 after purchasing an additional 26,549 shares during the period. Principal Financial Group Inc. increased its position in shares of VAALCO Energy by 8.0% during the 4th quarter. Principal Financial Group Inc. now owns 52,895 shares of the energy company's stock valued at $231,000 after purchasing an additional 3,930 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its stake in shares of VAALCO Energy by 9.7% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 2,786,265 shares of the energy company's stock worth $12,176,000 after purchasing an additional 247,310 shares during the period. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of VAALCO Energy in the fourth quarter worth approximately $44,000. 50.32% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Wall Street Zen cut VAALCO Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 16th.
Read Our Latest Report on VAALCO Energy
Insider Transactions at VAALCO Energy
In other VAALCO Energy news, COO Thor Pruckl sold 10,169 shares of VAALCO Energy stock in a transaction on Monday, March 24th. The shares were sold at an average price of $3.95, for a total transaction of $40,167.55. Following the completion of the transaction, the chief operating officer now directly owns 174,992 shares of the company's stock, valued at $691,218.40. The trade was a 5.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.70% of the company's stock.
VAALCO Energy Price Performance
EGY traded down $0.03 on Thursday, hitting $3.76. 728,235 shares of the company's stock traded hands, compared to its average volume of 946,426. The company's 50 day simple moving average is $3.38 and its 200-day simple moving average is $3.99. The company has a current ratio of 1.34, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14. 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 $390.36 million, a price-to-earnings ratio of 4.42 and a beta of 0.83.
VAALCO Energy (NYSE:EGY - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The energy company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $110.33 million for the quarter, compared to analysts' expectations of $99.30 million. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. As a group, research analysts anticipate that VAALCO Energy, Inc. will post 0.43 EPS for the current year.
VAALCO Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.0625 per share. The ex-dividend date is Friday, May 23rd. This represents a $0.25 annualized dividend and a dividend yield of 6.65%. VAALCO Energy's dividend payout ratio (DPR) is 45.45%.
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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