VAALCO Energy, Inc. (NYSE:EGY) Stake Trimmed by Quadrature Capital Ltd

Quadrature Capital Ltd lowered its stake in VAALCO Energy, Inc. (NYSE:EGY) by 84.1% during the third quarter, HoldingsChannel reports. The firm owned 11,553 shares of the energy company’s stock after selling 61,003 shares during the period. Quadrature Capital Ltd’s holdings in VAALCO Energy were worth $66,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Gladius Capital Management LP purchased a new position in VAALCO Energy during the 2nd quarter valued at about $28,000. Innealta Capital LLC purchased a new position in VAALCO Energy during the 2nd quarter valued at about $60,000. nVerses Capital LLC purchased a new position in VAALCO Energy during the 3rd quarter valued at about $60,000. Crestmont Private Wealth LLC purchased a new position in VAALCO Energy during the 3rd quarter valued at about $63,000. Finally, Arkadios Wealth Advisors purchased a new position in VAALCO Energy during the 2nd quarter valued at about $64,000. Hedge funds and other institutional investors own 50.32% of the company’s stock.

VAALCO Energy Stock Down 1.3 %

Shares of VAALCO Energy stock opened at $4.94 on Friday. The firm has a market cap of $511.97 million, a price-to-earnings ratio of 5.81 and a beta of 1.18. 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, Inc. has a 52-week low of $4.03 and a 52-week high of $7.51. The stock has a 50-day simple moving average of $5.48 and a 200-day simple moving average of $6.00.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings results on Monday, November 11th. The energy company reported $0.08 earnings per share (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 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 quarter in the prior year, the firm earned $0.07 earnings per share. On average, equities research analysts expect that VAALCO Energy, Inc. will post 0.5 earnings per share for the current fiscal year.

VAALCO Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.0625 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.25 annualized dividend and a dividend yield of 5.07%. VAALCO Energy’s dividend payout ratio is 29.41%.

Analyst Ratings Changes

Separately, StockNews.com raised VAALCO Energy from a “hold” rating to a “buy” rating in a research note on Wednesday.

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.