State Street Corp Purchases 176,259 Shares of VAALCO Energy, Inc. (NYSE:EGY)

State Street Corp lifted its position in VAALCO Energy, Inc. (NYSE:EGY) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,285,378 shares of the energy company’s stock after purchasing an additional 176,259 shares during the quarter. State Street Corp owned about 4.13% of VAALCO Energy worth $24,598,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Innealta Capital LLC bought a new position in VAALCO Energy in the 2nd quarter worth about $60,000. Arkadios Wealth Advisors bought a new stake in shares of VAALCO Energy during the 2nd quarter valued at about $64,000. nVerses Capital LLC purchased a new position in shares of VAALCO Energy during the third quarter worth about $60,000. Crestmont Private Wealth LLC bought a new position in shares of VAALCO Energy in the third quarter worth approximately $63,000. Finally, SG Americas Securities LLC purchased a new stake in VAALCO Energy in the second quarter valued at approximately $96,000. Hedge funds and other institutional investors own 50.32% of the company’s stock.

VAALCO Energy Stock Up 0.5 %

EGY opened at $4.31 on Monday. The business’s fifty day simple moving average is $5.28 and its 200 day simple moving average is $5.93. VAALCO Energy, Inc. has a 52 week low of $4.03 and a 52 week high of $7.51. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.14. The stock has a market cap of $447.13 million, a PE ratio of 5.07 and a beta of 1.18.

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

VAALCO Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 22nd were issued a $0.0625 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 5.80%. VAALCO Energy’s payout ratio is 29.41%.

Analyst Ratings Changes

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

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.