VAALCO Energy, Inc. (NYSE:EGY - Get Free Report) traded up 4.4% during trading on Monday . The company traded as high as $7.32 and last traded at $7.28. 848,599 shares were traded during trading, a decline of 17% from the average session volume of 1,018,027 shares. The stock had previously closed at $6.97.
Analyst Ratings Changes
Separately, StockNews.com cut VAALCO Energy from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 23rd.
View Our Latest Stock Analysis on EGY
VAALCO Energy Stock Up 3.2 %
The company has a market capitalization of $743.03 million, a P/E ratio of 12.85 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.77 and a current ratio of 1.79. The stock has a 50 day moving average price of $4.84 and a 200 day moving average price of $4.56.
VAALCO Energy Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were paid a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.50%. This is a boost from VAALCO Energy's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, March 7th. VAALCO Energy's payout ratio is presently 44.64%.
Institutional Investors Weigh In On VAALCO Energy
A number of hedge funds have recently made changes to their positions in the business. Metropolitan Life Insurance Co NY increased its position in shares of VAALCO Energy by 80.4% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 6,446 shares of the energy company's stock valued at $29,000 after buying an additional 2,872 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of VAALCO Energy during the third quarter valued at about $38,000. Bank of America Corp DE bought a new stake in shares of VAALCO Energy during the first quarter valued at about $40,000. Prelude Capital Management LLC bought a new stake in shares of VAALCO Energy during the third quarter valued at about $44,000. Finally, Zacks Investment Management bought a new stake in shares of VAALCO Energy during the second quarter valued at about $45,000. 50.32% of the stock is currently owned by institutional investors.
About VAALCO Energy
(
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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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