Algert Global LLC Sells 251,942 Shares of VAALCO Energy, Inc. (NYSE:EGY)

Algert Global LLC lowered its position in shares of VAALCO Energy, Inc. (NYSE:EGY) by 83.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,938 shares of the energy company’s stock after selling 251,942 shares during the quarter. Algert Global LLC’s holdings in VAALCO Energy were worth $313,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in VAALCO Energy by 2.1% during the first quarter. Vanguard Group Inc. now owns 6,024,145 shares of the energy company’s stock worth $41,988,000 after purchasing an additional 124,853 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of VAALCO Energy in the 1st quarter valued at $498,000. LSV Asset Management lifted its position in shares of VAALCO Energy by 1.2% during the 1st quarter. LSV Asset Management now owns 550,642 shares of the energy company’s stock valued at $3,838,000 after acquiring an additional 6,666 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in VAALCO Energy by 221.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 33,782 shares of the energy company’s stock worth $235,000 after acquiring an additional 23,288 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. grew its holdings in VAALCO Energy by 116.5% in the second quarter. Cornercap Investment Counsel Inc. now owns 176,179 shares of the energy company’s stock worth $1,105,000 after purchasing an additional 94,806 shares during the period. 50.32% of the stock is owned by institutional investors.

VAALCO Energy Trading Down 2.6 %

Shares of VAALCO Energy stock opened at $6.22 on Wednesday. The stock has a market capitalization of $644.74 million, a PE ratio of 10.36 and a beta of 1.17. VAALCO Energy, Inc. has a 52 week low of $3.85 and a 52 week high of $7.51. The stock has a 50 day moving average price of $6.13 and a two-hundred day moving average price of $6.38. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.15 and a current ratio of 1.19.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.09. VAALCO Energy had a net margin of 17.82% and a return on equity of 16.00%. The business had revenue of $116.78 million during the quarter, compared to analyst estimates of $119.30 million. During the same quarter in the previous year, the business posted $0.11 EPS. As a group, equities analysts anticipate that VAALCO Energy, Inc. will post 0.59 earnings per share for the current fiscal year.

VAALCO Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 23rd were given a $0.063 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.25 annualized dividend and a yield of 4.05%. VAALCO Energy’s payout ratio is 41.67%.

Analyst Upgrades and Downgrades

Separately, Roth Mkm increased their price objective on shares of VAALCO Energy from $7.25 to $8.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th.

About VAALCO Energy

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.