Vaalco Energy Inc $EGY Stock Position Decreased by Keeley Teton Advisors LLC

Key Points

• Keeley Teton Advisors LLC reduced its position in Vaalco Energy Inc by 9.6%, holding 773,982 shares after selling 81,933 shares in the 1st quarter, valuing their stake at approximately $2.91 million.
• Vaalco Energy recently experienced a downgrade from a "buy" to a "hold" rating by Wall Street Zen on May 16th, indicating a shift in analyst perception.
• The company announced a quarterly dividend of $0.0625 per share set to be paid on September 19th, representing an annualized yield of 6.4%.

Keeley Teton Advisors LLC decreased its position in Vaalco Energy Inc (NYSE:EGY - Free Report) by 9.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 773,982 shares of the energy company's stock after selling 81,933 shares during the period. Keeley Teton Advisors LLC owned approximately 0.74% of Vaalco Energy worth $2,910,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of EGY. Parallel Advisors LLC grew its position in Vaalco Energy by 776.1% in 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 last quarter. CWM LLC grew its position in Vaalco Energy by 259.6% in the 1st quarter. CWM LLC now owns 9,681 shares of the energy company's stock worth $36,000 after purchasing an additional 6,989 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in Vaalco Energy during the first quarter valued at approximately $40,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Vaalco Energy during the first quarter valued at approximately $45,000. Finally, First Manhattan CO. LLC. acquired a new stake in Vaalco Energy during the fourth quarter valued at approximately $50,000. Institutional investors own 50.32% of the company's stock.

Analyst Upgrades and Downgrades

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

Vaalco Energy Price Performance

EGY opened at $3.90 on Tuesday. The stock has a fifty day moving average price of $3.76 and a 200 day moving average price of $3.70. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. Vaalco Energy Inc has a 1 year low of $3.00 and a 1 year high of $6.66. The stock has a market cap of $406.61 million, a price-to-earnings ratio of 10.83 and a beta of 0.89.

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

Vaalco Energy Dividend Announcement

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

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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