Keeley Teton Advisors LLC cut its holdings in shares of Vaalco Energy Inc (NYSE:EGY - Free Report) by 9.6% during the first quarter, according to the company in its most recent Form 13F 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 0.74% of Vaalco Energy worth $2,910,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Parallel Advisors LLC grew its position in shares of Vaalco Energy by 776.1% during the first quarter. Parallel Advisors LLC now owns 8,305 shares of the energy company's stock worth $31,000 after acquiring an additional 7,357 shares during the last quarter. CWM LLC grew its position in shares of Vaalco Energy by 259.6% during the first quarter. CWM LLC now owns 9,681 shares of the energy company's stock worth $36,000 after acquiring an additional 6,989 shares during the last quarter. Simplicity Wealth LLC purchased a new position in shares of Vaalco Energy during the first quarter worth approximately $40,000. First Manhattan CO. LLC. purchased a new position in shares of Vaalco Energy during the fourth quarter worth approximately $50,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Vaalco Energy during the first quarter worth approximately $45,000. 50.32% of the stock is currently owned by hedge funds and other institutional investors.
Vaalco Energy Stock Performance
NYSE:EGY traded down $0.01 during midday trading on Friday, reaching $3.89. The stock had a trading volume of 541,141 shares, compared to its average volume of 851,072. The firm has a fifty day simple moving average of $3.75 and a two-hundred day simple moving average of $3.69. Vaalco Energy Inc has a 12-month low of $3.00 and a 12-month high of $6.66. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 0.24. The stock has a market cap of $405.47 million, a P/E ratio of 10.80 and a beta of 0.89.
Vaalco Energy (NYSE:EGY - Get Free Report) last released its earnings results on Thursday, August 7th. The energy company reported $0.02 EPS for the quarter, meeting analysts' consensus estimates of $0.02. Vaalco Energy had a return on equity of 4.64% and a net margin of 8.26%.The company had revenue of $96.89 million during the quarter, compared to the consensus estimate of $89.40 million. On average, equities analysts expect that Vaalco Energy Inc will post 0.43 EPS for the current year.
Vaalco Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.25 dividend on an annualized basis and a yield of 6.4%. Vaalco Energy's dividend payout ratio (DPR) is 69.44%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered shares of Vaalco Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 16th.
Check Out Our Latest Research Report on Vaalco Energy
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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