Commonwealth Equity Services LLC Trims Stock Position in VAALCO Energy, Inc. (NYSE:EGY)

Commonwealth Equity Services LLC lessened its stake in shares of VAALCO Energy, Inc. (NYSE:EGY) by 18.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,944 shares of the energy company’s stock after selling 2,994 shares during the period. Commonwealth Equity Services LLC’s holdings in VAALCO Energy were worth $57,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Catalina Capital Group LLC grew its holdings in VAALCO Energy by 19.5% during the 4th quarter. Catalina Capital Group LLC now owns 20,334 shares of the energy company’s stock valued at $89,000 after buying an additional 3,315 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of VAALCO Energy by 8.0% during the fourth quarter. Principal Financial Group Inc. now owns 52,895 shares of the energy company’s stock valued at $231,000 after buying an additional 3,930 shares during the last quarter. IFP Advisors Inc bought a new stake in shares of VAALCO Energy during the fourth quarter worth $27,000. SG Americas Securities LLC increased its position in shares of VAALCO Energy by 46.2% during the fourth quarter. SG Americas Securities LLC now owns 28,289 shares of the energy company’s stock worth $124,000 after acquiring an additional 8,937 shares during the period. Finally, Atria Wealth Solutions Inc. bought a new position in shares of VAALCO Energy during the 4th quarter worth $44,000. 50.32% of the stock is owned by hedge funds and other institutional investors.

VAALCO Energy Trading Up 4.9 %

Shares of NYSE:EGY opened at $3.35 on Friday. The business’s 50 day moving average price is $3.91 and its 200-day moving average price is $4.66. VAALCO Energy, Inc. has a 1 year low of $3.00 and a 1 year high of $7.43. The firm has a market capitalization of $347.02 million, a price-to-earnings ratio of 3.94 and a beta of 0.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.34 and a quick ratio of 1.32.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings results on Thursday, March 13th. The energy company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. The business had revenue of $121.72 million for the quarter, compared to analyst estimates 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 forecast that VAALCO Energy, Inc. will post 0.43 earnings per share for the current fiscal year.

VAALCO Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date of this dividend was Friday, February 28th. VAALCO Energy’s dividend payout ratio (DPR) is 45.45%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of VAALCO Energy from a “buy” rating to a “hold” rating in a research report on Tuesday.

Insider Activity at VAALCO Energy

In related news, COO Thor Pruckl sold 10,169 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $3.95, for a total value of $40,167.55. Following the sale, the chief operating officer now directly owns 174,992 shares in the company, valued at $691,218.40. The trade was a 5.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by insiders.

VAALCO Energy Profile

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.