Franklin Resources Inc. lowered its position in VAALCO Energy, Inc. (NYSE:EGY - Free Report) by 76.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 112,261 shares of the energy company's stock after selling 355,370 shares during the quarter. Franklin Resources Inc. owned about 0.11% of VAALCO Energy worth $491,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of EGY. Brandywine Global Investment Management LLC lifted its position in shares of VAALCO Energy by 13.1% during the fourth quarter. Brandywine Global Investment Management LLC now owns 351,550 shares of the energy company's stock worth $1,536,000 after purchasing an additional 40,720 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new stake in shares of VAALCO Energy during the fourth quarter worth approximately $38,000. JPMorgan Chase & Co. increased its position in shares of VAALCO Energy by 61.1% in the 4th quarter. JPMorgan Chase & Co. now owns 246,107 shares of the energy company's stock valued at $1,075,000 after purchasing an additional 93,309 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of VAALCO Energy in the 4th quarter valued at $399,000. Finally, Segall Bryant & Hamill LLC lifted its position in shares of VAALCO Energy by 1.0% during the 4th quarter. Segall Bryant & Hamill LLC now owns 294,929 shares of the energy company's stock worth $1,289,000 after purchasing an additional 2,875 shares during the last quarter. Hedge funds and other institutional investors own 50.32% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of VAALCO Energy from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th.
View Our Latest Stock Report on VAALCO Energy
Insiders Place Their Bets
In related news, COO Thor Pruckl sold 10,169 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $3.95, for a total value of $40,167.55. Following the completion of the sale, the chief operating officer now owns 174,992 shares of the company's stock, valued at approximately $691,218.40. The trade was a 5.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by company insiders.
VAALCO Energy Price Performance
EGY stock remained flat at $3.46 during trading on Wednesday. The company's stock had a trading volume of 97,528 shares, compared to its average volume of 958,605. The firm's 50-day simple moving average is $3.80 and its 200 day simple moving average is $4.54. VAALCO Energy, Inc. has a 1 year low of $3.00 and a 1 year high of $7.43. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.14. The firm has a market cap of $358.95 million, a price-to-earnings ratio of 4.07 and a beta of 0.75.
VAALCO Energy (NYSE:EGY - Get Free Report) last issued its earnings results on Thursday, March 13th. The energy company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The company had revenue of $121.72 million during the quarter, compared to the consensus estimate of $108.91 million. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. On average, equities research analysts predict that VAALCO Energy, Inc. will post 0.43 earnings per share for the current year.
VAALCO Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 7.23%. The ex-dividend date of this dividend was Friday, February 28th. VAALCO Energy's payout ratio is currently 45.45%.
VAALCO Energy Company Profile
(
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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