48,206 Shares in VAALCO Energy, Inc. (NYSE:EGY) Purchased by ClearAlpha Technologies LP

ClearAlpha Technologies LP purchased a new position in shares of VAALCO Energy, Inc. (NYSE:EGY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 48,206 shares of the energy company’s stock, valued at approximately $277,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of VAALCO Energy by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 6,024,145 shares of the energy company’s stock worth $41,988,000 after acquiring an additional 124,853 shares during the last quarter. American Century Companies Inc. boosted its position in VAALCO Energy by 33.2% during the second quarter. American Century Companies Inc. now owns 2,813,832 shares of the energy company’s stock worth $17,643,000 after purchasing an additional 701,568 shares during the period. Kornitzer Capital Management Inc. KS increased its holdings in shares of VAALCO Energy by 5.0% in the third quarter. Kornitzer Capital Management Inc. KS now owns 2,538,955 shares of the energy company’s stock valued at $14,574,000 after purchasing an additional 121,005 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of VAALCO Energy by 6.2% in the second quarter. Bank of New York Mellon Corp now owns 1,318,650 shares of the energy company’s stock valued at $8,268,000 after purchasing an additional 76,779 shares during the period. Finally, Foundry Partners LLC raised its position in shares of VAALCO Energy by 156.8% in the third quarter. Foundry Partners LLC now owns 1,200,474 shares of the energy company’s stock valued at $6,891,000 after purchasing an additional 733,084 shares during the period. Institutional investors own 50.32% of the company’s stock.

VAALCO Energy Price Performance

VAALCO Energy stock opened at $5.15 on Tuesday. The company has a market capitalization of $534.26 million, a price-to-earnings ratio of 6.06 and a beta of 1.18. The stock’s 50 day moving average is $5.63 and its 200-day moving average is $6.07. The company has a current ratio of 1.34, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14. VAALCO Energy, Inc. has a 12 month low of $4.03 and a 12 month high of $7.51.

VAALCO Energy (NYSE:EGY) last issued its quarterly earnings data on Monday, November 11th. The energy company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The firm had revenue of $140.33 million during the quarter, compared to analyst estimates 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 company earned $0.07 earnings per share. Equities research 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 will be paid on Friday, December 20th. Shareholders of record on Friday, November 22nd will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend is Friday, November 22nd. VAALCO Energy’s dividend payout ratio (DPR) is 29.41%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of VAALCO Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

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.