VAALCO Energy, Inc. (NYSE:EGY) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in shares of VAALCO Energy, Inc. (NYSE:EGY) by 6.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 428,325 shares of the energy company’s stock after selling 31,100 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.41% of VAALCO Energy worth $2,459,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of EGY. SG Americas Securities LLC acquired a new position in shares of VAALCO Energy during the 2nd quarter worth approximately $96,000. Bank of New York Mellon Corp increased its position in VAALCO Energy by 6.2% during the second quarter. Bank of New York Mellon Corp now owns 1,318,650 shares of the energy company’s stock worth $8,268,000 after buying an additional 76,779 shares in the last quarter. Bailard Inc. acquired a new position in shares of VAALCO Energy in the second quarter worth $256,000. Arkadios Wealth Advisors purchased a new stake in shares of VAALCO Energy in the second quarter valued at $64,000. Finally, Innealta Capital LLC acquired a new stake in shares of VAALCO Energy during the second quarter valued at $60,000. Hedge funds and other institutional investors own 50.32% of the company’s stock.

VAALCO Energy Stock Up 0.4 %

Shares of NYSE EGY opened at $4.96 on Friday. The firm has a market cap of $514.55 million, a P/E ratio of 5.84 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.34. VAALCO Energy, Inc. has a 1 year low of $4.03 and a 1 year high of $7.51. The firm’s 50 day moving average price is $5.45 and its 200 day moving average price is $6.00.

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

VAALCO Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend is Friday, November 22nd. VAALCO Energy’s dividend payout ratio is currently 29.41%.

Wall Street Analyst Weigh In

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

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.