Insider Selling: VAALCO Energy, Inc. (NYSE:EGY) COO Sells $199,379.58 in Stock

VAALCO Energy, Inc. (NYSE:EGYGet Rating) COO Thor Pruckl sold 37,337 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $5.34, for a total transaction of $199,379.58. Following the sale, the chief operating officer now directly owns 96,238 shares in the company, valued at approximately $513,910.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

VAALCO Energy Price Performance

NYSE:EGY opened at $5.37 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.86 and a debt-to-equity ratio of 0.01. VAALCO Energy, Inc. has a 52 week low of $2.82 and a 52 week high of $8.77. The stock’s 50-day moving average price is $5.01 and its 200-day moving average price is $5.78. The stock has a market capitalization of $581.97 million, a PE ratio of 4.71 and a beta of 1.63.

VAALCO Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Tuesday, November 22nd will be given a $0.032 dividend. This represents a $0.13 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Monday, November 21st. VAALCO Energy’s dividend payout ratio (DPR) is presently 11.40%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. increased its stake in VAALCO Energy by 1.4% during the 2nd quarter. UMB Bank n.a. now owns 150,000 shares of the energy company’s stock worth $1,041,000 after buying an additional 2,000 shares in the last quarter. Morgan Dempsey Capital Management LLC increased its position in shares of VAALCO Energy by 5.5% during the first quarter. Morgan Dempsey Capital Management LLC now owns 39,101 shares of the energy company’s stock worth $255,000 after purchasing an additional 2,023 shares in the last quarter. Foundry Partners LLC raised its stake in VAALCO Energy by 1.7% in the 3rd quarter. Foundry Partners LLC now owns 132,195 shares of the energy company’s stock valued at $576,000 after purchasing an additional 2,221 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in VAALCO Energy by 19.9% in the 1st quarter. Qube Research & Technologies Ltd now owns 14,767 shares of the energy company’s stock valued at $96,000 after purchasing an additional 2,446 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in VAALCO Energy by 35.8% during the 3rd quarter. Royal Bank of Canada now owns 11,310 shares of the energy company’s stock worth $49,000 after purchasing an additional 2,980 shares during the last quarter. Hedge funds and other institutional investors own 59.61% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of VAALCO Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 9th.

About VAALCO Energy

(Get Rating)

VAALCO Energy, Inc, an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The company holds Etame production sharing contract related to the Etame Marin block located offshore in the Republic of Gabon in West Africa. It also owns interests in an undeveloped block offshore Equatorial Guinea, West Africa.

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