State Board of Administration of Florida Retirement System Takes $60,000 Position in VAALCO Energy, Inc. (NYSE:EGY)

State Board of Administration of Florida Retirement System bought a new stake in VAALCO Energy, Inc. (NYSE:EGY – Get Rating) in the fourth quarter, Holdings Channel reports. The institutional investor bought 13,200 shares of the energy company’s stock, valued at approximately $60,000.

Other institutional investors also recently modified their holdings of the company. State Street Corp lifted its stake in shares of VAALCO Energy by 2,032.4% in the 2nd quarter. State Street Corp now owns 4,121,516 shares of the energy company’s stock valued at $28,603,000 after purchasing an additional 3,928,232 shares during the period. Two Sigma Investments LP acquired a new position in shares of VAALCO Energy in the 3rd quarter valued at $2,837,000. Balyasny Asset Management LLC acquired a new position in shares of VAALCO Energy in the 3rd quarter valued at $2,035,000. Foundry Partners LLC increased its position in shares of VAALCO Energy by 333.7% in the 4th quarter. Foundry Partners LLC now owns 573,340 shares of the energy company’s stock valued at $2,614,000 after buying an additional 441,145 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of VAALCO Energy by 281.3% in the 2nd quarter. Northern Trust Corp now owns 534,859 shares of the energy company’s stock valued at $3,712,000 after buying an additional 394,570 shares in the last quarter. Institutional investors own 31.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EGY shares. StockNews.com started coverage on VAALCO Energy in a report on Thursday, May 18th. They set a “hold” rating for the company. Roth Capital restated a “buy” rating on shares of VAALCO Energy in a research note on Monday, March 6th. Finally, Stifel Nicolaus initiated coverage on shares of VAALCO Energy in a research note on Wednesday, March 1st. They issued a “buy” rating for the company.

VAALCO Energy Trading Up 2.5 %

Shares of EGY stock opened at $4.06 on Wednesday. The firm has a 50 day moving average price of $4.22 and a two-hundred day moving average price of $4.56. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $433.50 million, a PE ratio of 7.25 and a beta of 1.58. VAALCO Energy, Inc. has a 12-month low of $3.51 and a 12-month high of $8.77.

VAALCO Energy (NYSE:EGY – Get Rating) last issued its quarterly earnings data on Thursday, April 6th. The energy company reported $0.19 earnings per share (EPS) for the quarter. The firm had revenue of $96.59 million during the quarter. VAALCO Energy had a net margin of 11.80% and a return on equity of 28.65%. As a group, analysts predict that VAALCO Energy, Inc. will post 0.88 earnings per share for the current year.

VAALCO Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Wednesday, May 24th will be issued a dividend of $0.063 per share. The ex-dividend date of this dividend is Tuesday, May 23rd. This is a boost from VAALCO Energy’s previous quarterly dividend of $0.06. This represents a $0.25 annualized dividend and a dividend yield of 6.21%. VAALCO Energy’s dividend payout ratio (DPR) is currently 44.64%.

Insiders Place Their Bets

In related news, CEO George W.M. Maxwell bought 10,000 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were purchased at an average price of $3.70 per share, with a total value of $37,000.00. Following the completion of the purchase, the chief executive officer now owns 143,840 shares in the company, valued at approximately $532,208. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last quarter, insiders have purchased 20,764 shares of company stock valued at $76,769. 2.00% of the stock is currently owned by insiders.

About VAALCO Energy

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VAALCO Energy, Inc engages in the acquisition, development, and production of crude oil. It operates through the following segments: Gabon and Equatorial Guinea. The Gabon Segment focuses on the Offshore Gabon-Etame Marin Permit operation. The Equatorial Guinea segment deals with the Equatorial Guinea-Block P operation.