D.A. Davidson & CO. Sells 10,400 Shares of VAALCO Energy, Inc. (NYSE:EGY)

D.A. Davidson & CO. lessened its position in VAALCO Energy, Inc. (NYSE:EGY) by 39.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,100 shares of the energy company’s stock after selling 10,400 shares during the quarter. D.A. Davidson & CO.’s holdings in VAALCO Energy were worth $70,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Foundry Partners LLC boosted its holdings in shares of VAALCO Energy by 156.8% during the 3rd quarter. Foundry Partners LLC now owns 1,200,474 shares of the energy company’s stock valued at $6,891,000 after buying an additional 733,084 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake 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. Segall Bryant & Hamill LLC purchased a new position in VAALCO Energy during the 3rd quarter valued at about $1,676,000. State Street Corp boosted its stake in VAALCO Energy by 4.3% during the third quarter. State Street Corp now owns 4,285,378 shares of the energy company’s stock worth $24,598,000 after acquiring an additional 176,259 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in VAALCO Energy in the third quarter worth about $1,000,000. 50.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

VAALCO Energy Stock Performance

Shares of EGY opened at $4.11 on Friday. The firm has a market capitalization of $431.41 million, a P/E ratio of 4.83 and a beta of 1.18. 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, Inc. has a one year low of $3.96 and a one year high of $7.51. The business has a fifty day moving average of $4.33 and a 200 day moving average of $5.20.

VAALCO Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.25 dividend on an annualized basis and a yield of 6.09%. VAALCO Energy’s dividend 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.