VAALCO Energy, Inc. (NYSE:EGY) Shares Purchased by Barclays PLC

Barclays PLC boosted its holdings in shares of VAALCO Energy, Inc. (NYSE:EGY) by 319.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 160,736 shares of the energy company’s stock after buying an additional 122,373 shares during the quarter. Barclays PLC owned 0.15% of VAALCO Energy worth $923,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EGY. nVerses Capital LLC acquired a new stake in VAALCO Energy in the third quarter valued at approximately $60,000. Crestmont Private Wealth LLC acquired a new stake in shares of VAALCO Energy in the 3rd quarter valued at $63,000. Zacks Investment Management lifted its position in shares of VAALCO Energy by 19.6% during the 3rd quarter. Zacks Investment Management now owns 15,419 shares of the energy company’s stock worth $89,000 after purchasing an additional 2,527 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of VAALCO Energy during the second quarter worth $93,000. Finally, Mackenzie Financial Corp purchased a new position in VAALCO Energy in the second quarter valued at $110,000. Hedge funds and other institutional investors own 50.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded VAALCO Energy from a “buy” rating to a “hold” rating in a report on Thursday, December 19th.

VAALCO Energy Stock Performance

Shares of VAALCO Energy stock opened at $4.73 on Wednesday. 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, Inc. has a 52 week low of $4.03 and a 52 week high of $7.51. The firm’s 50 day moving average is $4.84 and its two-hundred day moving average is $5.71. The firm has a market capitalization of $490.70 million, a P/E ratio of 5.56 and a beta of 1.19.

VAALCO Energy (NYSE:EGY) last posted its earnings results on Monday, November 11th. The energy company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. The company had revenue of $140.33 million during the quarter, compared to analysts’ expectations of $128.64 million. During the same period last year, the business earned $0.07 earnings per share. Research analysts forecast that VAALCO Energy, Inc. will post 0.5 EPS for the current fiscal year.

VAALCO Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 22nd were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 5.29%. The ex-dividend date was Friday, November 22nd. VAALCO Energy’s payout ratio is currently 29.41%.

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.