Charles Schwab Investment Management Inc. Sells 36,876 Shares of VAALCO Energy, Inc. (NYSE:EGY)

Charles Schwab Investment Management Inc. decreased its stake in shares of VAALCO Energy, Inc. (NYSE:EGY) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 925,948 shares of the energy company’s stock after selling 36,876 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.88% of VAALCO Energy worth $4,046,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. IFP Advisors Inc acquired a new position in shares of VAALCO Energy in the fourth quarter valued at $27,000. Atria Wealth Solutions Inc. bought a new stake in shares of VAALCO Energy in the 4th quarter valued at about $44,000. Zacks Investment Management boosted its position in VAALCO Energy by 19.6% during the third quarter. Zacks Investment Management now owns 15,419 shares of the energy company’s stock valued at $89,000 after acquiring an additional 2,527 shares during the last quarter. Quantinno Capital Management LP acquired a new position in shares of VAALCO Energy during the 3rd quarter valued at $109,000. Finally, Catalina Capital Group LLC raised its position in shares of VAALCO Energy by 19.5% during the fourth 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 period. 50.32% of the stock is owned by institutional investors.

Insider Buying and Selling at VAALCO Energy

In related news, COO Thor Pruckl sold 10,169 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $3.95, for a total transaction of $40,167.55. Following the transaction, the chief operating officer now directly owns 174,992 shares in the company, valued at $691,218.40. This trade represents a 5.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

VAALCO Energy Stock Performance

NYSE:EGY opened at $3.86 on Thursday. The business’s 50-day moving average price is $4.15 and its two-hundred day moving average price is $4.88. 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 $399.93 million, a P/E ratio of 4.54 and a beta of 1.16. VAALCO Energy, Inc. has a twelve month low of $3.57 and a twelve month high of $7.51.

VAALCO Energy (NYSE:EGY) last released its quarterly earnings results on Thursday, March 13th. The energy company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. The business had revenue of $121.72 million for the quarter, compared to the consensus estimate of $108.91 million. As a group, equities analysts predict that VAALCO Energy, Inc. will post 0.43 EPS for the current fiscal year.

VAALCO Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 6.49%. The ex-dividend date of this dividend is Friday, February 28th. VAALCO Energy’s dividend payout ratio is currently 45.45%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of VAALCO Energy from a “hold” rating to a “buy” rating in a research note on Friday, March 14th.

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.