VAALCO Energy, Inc. (NYSE:EGY) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd decreased its position in VAALCO Energy, Inc. (NYSE:EGY) by 84.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,553 shares of the energy company’s stock after selling 61,003 shares during the quarter. Quadrature Capital Ltd’s holdings in VAALCO Energy were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP purchased a new stake in shares of VAALCO Energy during the 3rd quarter worth about $109,000. ClearAlpha Technologies LP bought a new stake in VAALCO Energy in the third quarter valued at about $277,000. BNP Paribas Financial Markets raised its stake in VAALCO Energy by 33.3% during the third quarter. BNP Paribas Financial Markets now owns 54,543 shares of the energy company’s stock valued at $313,000 after buying an additional 13,616 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in VAALCO Energy by 115.4% during the 3rd quarter. D.A. Davidson & CO. now owns 26,500 shares of the energy company’s stock worth $152,000 after buying an additional 14,200 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of VAALCO Energy by 66.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 962,824 shares of the energy company’s stock worth $5,527,000 after acquiring an additional 386,071 shares in the last quarter. Institutional investors and hedge funds own 50.32% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of VAALCO Energy from a “hold” rating to a “buy” rating in a research note on Wednesday.

VAALCO Energy Stock Performance

Shares of EGY stock opened at $4.94 on Friday. The company has a market cap of $511.97 million, a P/E ratio of 5.81 and a beta of 1.18. The business has a 50 day moving average of $5.48 and a two-hundred day moving average of $6.00. VAALCO Energy, Inc. has a 52 week low of $4.03 and a 52 week high of $7.51. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.14.

VAALCO Energy (NYSE:EGY) last released its quarterly earnings data on Monday, November 11th. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The company had revenue of $140.33 million for the quarter, compared to analyst estimates of $128.64 million. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. During the same quarter in the prior year, the firm earned $0.07 EPS. As a group, analysts anticipate that VAALCO Energy, Inc. will post 0.5 EPS for the current year.

VAALCO Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 22nd will be given a $0.0625 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.25 annualized dividend and a yield of 5.07%. VAALCO Energy’s dividend payout ratio is presently 29.41%.

VAALCO Energy Company 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.