Thor Pruckl Sells 10,169 Shares of VAALCO Energy, Inc. (NYSE:EGY) Stock

VAALCO Energy, Inc. (NYSE:EGY) COO Thor Pruckl sold 10,169 shares of VAALCO Energy stock in a transaction on Monday, March 24th. The stock was sold at an average price of $3.95, for a total transaction of $40,167.55. Following the sale, the chief operating officer now owns 174,992 shares in the company, valued at $691,218.40. This represents a 5.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

VAALCO Energy Trading Up 1.9 %

EGY stock opened at $3.93 on Friday. VAALCO Energy, Inc. has a 1-year low of $3.57 and a 1-year high of $7.51. The company has a current ratio of 1.34, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $4.13 and its 200-day moving average is $4.87. The firm has a market cap of $407.19 million, a P/E ratio of 4.62 and a beta of 1.16.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings results on Thursday, March 13th. The energy company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. The business had revenue of $121.72 million for the quarter, compared to analyst estimates of $108.91 million. Equities analysts anticipate that VAALCO Energy, Inc. will post 0.43 earnings per share for the current fiscal year.

VAALCO Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 6.37%. The ex-dividend date is Friday, February 28th. VAALCO Energy’s payout ratio is 45.45%.

Institutional Investors Weigh In On VAALCO Energy

A number of hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in VAALCO Energy by 362.2% during 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. Victory Capital Management Inc. raised its stake in shares of VAALCO Energy by 8.3% in the third quarter. Victory Capital Management Inc. now owns 107,623 shares of the energy company’s stock valued at $618,000 after acquiring an additional 8,209 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of VAALCO Energy in the 3rd quarter worth approximately $173,000. Charles Schwab Investment Management Inc. grew its position in VAALCO Energy by 66.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 962,824 shares of the energy company’s stock worth $5,527,000 after acquiring an additional 386,071 shares during the last quarter. Finally, D.A. Davidson & CO. increased its holdings in VAALCO Energy by 115.4% during the 3rd quarter. D.A. Davidson & CO. now owns 26,500 shares of the energy company’s stock valued at $152,000 after purchasing an additional 14,200 shares in the last quarter. Institutional investors and hedge funds own 50.32% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.