Los Angeles Capital Management LLC Sells 17,509 Shares of VAALCO Energy, Inc. (NYSE:EGY)

Los Angeles Capital Management LLC cut its stake in VAALCO Energy, Inc. (NYSE:EGY) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 233,040 shares of the energy company’s stock after selling 17,509 shares during the quarter. Los Angeles Capital Management LLC owned 0.22% of VAALCO Energy worth $1,018,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in EGY. Arcadia Investment Management Corp MI grew its stake in shares of VAALCO Energy by 124.9% in the third quarter. Arcadia Investment Management Corp MI now owns 34,750 shares of the energy company’s stock worth $199,000 after acquiring an additional 19,300 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of VAALCO Energy in the third quarter worth approximately $1,000,000. Principal Financial Group Inc. boosted its holdings in shares of VAALCO Energy by 362.2% in the third quarter. Principal Financial Group Inc. now owns 48,965 shares of the energy company’s stock worth $281,000 after buying an additional 38,372 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted 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 worth $14,574,000 after buying an additional 121,005 shares during the last quarter. Finally, Summit Global Investments purchased a new position in shares of VAALCO Energy in the third quarter worth approximately $469,000. 50.32% of the stock is currently owned by institutional investors.

VAALCO Energy Stock Performance

EGY opened at $4.01 on Friday. 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 $3.83 and a 12-month high of $7.51. The company has a market cap of $421.43 million, a price-to-earnings ratio of 4.72 and a beta of 1.18. The company’s 50 day moving average is $4.33 and its 200 day moving average is $5.18.

VAALCO Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 6.23%. The ex-dividend date of this dividend is Friday, February 28th. VAALCO Energy’s dividend payout ratio is currently 29.41%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of VAALCO Energy from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

VAALCO Energy Company 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.