VAALCO Energy, Inc. (NYSE:EGY) Shares Acquired by Barclays PLC

Barclays PLC increased its holdings in shares of VAALCO Energy, Inc. (NYSE:EGY) by 319.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160,736 shares of the energy company’s stock after purchasing an additional 122,373 shares during the period. Barclays PLC’s holdings in VAALCO Energy were worth $923,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EGY. Rhumbline Advisers raised its holdings in shares of VAALCO Energy by 2.4% in the second quarter. Rhumbline Advisers now owns 168,581 shares of the energy company’s stock valued at $1,057,000 after buying an additional 3,978 shares during the last quarter. Victory Capital Management Inc. increased its position in VAALCO Energy by 20.4% in the 2nd quarter. Victory Capital Management Inc. now owns 99,414 shares of the energy company’s stock valued at $623,000 after acquiring an additional 16,851 shares during the period. American Century Companies Inc. raised its stake in VAALCO Energy by 33.2% during the 2nd quarter. American Century Companies Inc. now owns 2,813,832 shares of the energy company’s stock valued at $17,643,000 after acquiring an additional 701,568 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in VAALCO Energy during the 2nd quarter worth approximately $93,000. Finally, WINTON GROUP Ltd purchased a new position in shares of VAALCO Energy in the 2nd quarter valued at approximately $296,000. 50.32% of the stock is owned by hedge funds and other institutional investors.

VAALCO Energy Stock Up 3.3 %

EGY stock opened at $4.73 on Wednesday. The stock has a market capitalization of $490.70 million, a PE ratio of 5.56 and a beta of 1.19. The company has a fifty day moving average of $4.84 and a 200-day moving average of $5.71. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.34. VAALCO Energy, Inc. has a one year low of $4.03 and a one year high of $7.51.

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

VAALCO Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 22nd were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 5.29%. The ex-dividend date of this dividend was Friday, November 22nd. VAALCO Energy’s payout ratio is 29.41%.

Analyst Ratings Changes

Separately, StockNews.com cut VAALCO Energy from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th.

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.