O Shaughnessy Asset Management LLC Trims Stock Position in VAALCO Energy, Inc. (NYSE:EGY)

O Shaughnessy Asset Management LLC decreased its position in VAALCO Energy, Inc. (NYSE:EGY) by 22.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 304,279 shares of the energy company’s stock after selling 86,073 shares during the period. O Shaughnessy Asset Management LLC owned 0.29% of VAALCO Energy worth $1,330,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EGY. IFP Advisors Inc purchased a new stake in shares of VAALCO Energy in the 4th quarter worth $27,000. CIBC Private Wealth Group LLC purchased a new stake in VAALCO Energy in the fourth quarter worth about $38,000. Atria Wealth Solutions Inc. bought a new position in VAALCO Energy during the 4th quarter worth about $44,000. Virtu Financial LLC purchased a new position in VAALCO Energy during the 4th quarter valued at about $59,000. Finally, Quantbot Technologies LP bought a new stake in shares of VAALCO Energy in the 4th quarter valued at about $60,000. Institutional investors own 50.32% of the company’s stock.

Insiders Place Their Bets

In other VAALCO Energy news, COO Thor Pruckl sold 10,169 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $3.95, for a total value of $40,167.55. Following the completion of the sale, the chief operating officer now directly owns 174,992 shares in the company, valued at approximately $691,218.40. This trade represents a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company’s stock.

VAALCO Energy Trading Down 5.2 %

Shares of NYSE EGY opened at $3.27 on Friday. VAALCO Energy, Inc. has a 1-year low of $3.10 and a 1-year high of $7.43. The business has a fifty day moving average price of $4.04 and a 200 day moving average price of $4.78. The stock has a market capitalization of $339.24 million, a P/E ratio of 3.85 and a beta of 1.16. 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 (NYSE:EGY) last announced its earnings results on Thursday, March 13th. The energy company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. The business had revenue of $121.72 million during the quarter, compared to the consensus estimate of $108.91 million. Equities research analysts expect that VAALCO Energy, Inc. will post 0.43 EPS for the current fiscal year.

VAALCO Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were paid a $0.0625 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.25 annualized dividend and a yield of 7.65%. VAALCO Energy’s dividend payout ratio (DPR) is 45.45%.

Analysts Set New Price Targets

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

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.