Vaalco Energy Inc $EGY Shares Sold by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH reduced its stake in Vaalco Energy Inc by 35.4%, selling 520,431 shares and now owning 949,106 shares, valued at approximately $3.43 million.
• Vaalco Energy stock is currently up 4.7%, with a market capitalization of $410.26 million and a PE ratio of 10.93.
• The company recently announced a quarterly dividend of $0.0625 per share, equivalent to a 6.4% annual yield and a payout ratio of 69.44%.

Allianz Asset Management GmbH reduced its stake in shares of Vaalco Energy Inc (NYSE:EGY - Free Report) by 35.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 949,106 shares of the energy company's stock after selling 520,431 shares during the quarter. Allianz Asset Management GmbH owned 0.91% of Vaalco Energy worth $3,426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EGY. Hotchkis & Wiley Capital Management LLC grew its position in Vaalco Energy by 49.2% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,825,000 shares of the energy company's stock worth $10,622,000 after buying an additional 931,230 shares during the period. AQR Capital Management LLC grew its position in Vaalco Energy by 228.0% during the first quarter. AQR Capital Management LLC now owns 744,296 shares of the energy company's stock worth $2,799,000 after buying an additional 517,368 shares during the period. Nuveen LLC acquired a new position in Vaalco Energy during the first quarter worth about $1,655,000. American Century Companies Inc. grew its position in Vaalco Energy by 6.6% during the first quarter. American Century Companies Inc. now owns 4,157,772 shares of the energy company's stock worth $15,633,000 after buying an additional 255,788 shares during the period. Finally, Kornitzer Capital Management Inc. KS grew its position in Vaalco Energy by 7.1% during the first quarter. Kornitzer Capital Management Inc. KS now owns 2,984,055 shares of the energy company's stock worth $11,220,000 after buying an additional 197,790 shares during the period. 50.32% of the stock is currently owned by institutional investors and hedge funds.

Vaalco Energy Stock Up 4.7%

Shares of NYSE EGY opened at $3.94 on Friday. Vaalco Energy Inc has a 12-month low of $3.00 and a 12-month high of $5.88. The company has a market capitalization of $410.26 million, a PE ratio of 10.93 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.39 and a quick ratio of 1.38. The firm's 50-day moving average is $3.95 and its two-hundred day moving average is $3.69.

Vaalco Energy (NYSE:EGY - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. Vaalco Energy had a net margin of 8.26% and a return on equity of 4.64%. The company had revenue of $96.89 million for the quarter, compared to the consensus estimate of $89.40 million. Equities analysts anticipate that Vaalco Energy Inc will post 0.43 EPS for the current fiscal year.

Vaalco Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $0.25 annualized dividend and a dividend yield of 6.4%. Vaalco Energy's dividend payout ratio is presently 69.44%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on EGY shares. Weiss Ratings restated a "hold (c-)" rating on shares of Vaalco Energy in a research report on Tuesday, October 14th. Zacks Research raised shares of Vaalco Energy from a "strong sell" rating to a "hold" rating in a report on Monday, September 1st. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Vaalco Energy has an average rating of "Hold".

Vaalco Energy Company 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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