Principal Financial Group Inc. Purchases 3,930 Shares of VAALCO Energy, Inc. (NYSE:EGY)

Principal Financial Group Inc. grew its position in VAALCO Energy, Inc. (NYSE:EGY) by 8.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 52,895 shares of the energy company’s stock after acquiring an additional 3,930 shares during the period. Principal Financial Group Inc. owned 0.05% of VAALCO Energy worth $231,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of EGY. Zacks Investment Management raised its position in 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. Catalina Capital Group LLC raised its position in VAALCO Energy by 19.5% during the 4th quarter. Catalina Capital Group LLC now owns 20,334 shares of the energy company’s stock worth $89,000 after purchasing an additional 3,315 shares during the last quarter. Quantinno Capital Management LP bought a new position in VAALCO Energy during the 3rd quarter worth $109,000. SG Americas Securities LLC raised its position in VAALCO Energy by 46.2% during the 4th quarter. SG Americas Securities LLC now owns 28,289 shares of the energy company’s stock worth $124,000 after purchasing an additional 8,937 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in VAALCO Energy during the 3rd quarter worth $142,000. 50.32% of the stock is owned by institutional investors.

VAALCO Energy Stock Performance

Shares of VAALCO Energy stock opened at $3.89 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $4.27 and a two-hundred day moving average price of $5.09. VAALCO Energy, Inc. has a 1-year low of $3.57 and a 1-year high of $7.51. The company has a market cap of $408.29 million, a P/E ratio of 4.57 and a beta of 1.18.

VAALCO Energy Dividend Announcement

The firm also recently declared 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 is Friday, February 28th. This represents a $0.25 dividend on an annualized basis and a yield of 6.44%. VAALCO Energy’s payout ratio is currently 29.41%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered VAALCO Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

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.