VAALCO Energy, Inc. (NYSE:EGY) CFO Acquires $19,750.00 in Stock

VAALCO Energy, Inc. (NYSE:EGY – Get Rating) CFO Ronald Y. Bain bought 5,000 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was purchased at an average price of $3.95 per share, for a total transaction of $19,750.00. Following the completion of the acquisition, the chief financial officer now owns 26,244 shares of the company’s stock, valued at approximately $103,663.80. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

VAALCO Energy Stock Up 0.5 %

Shares of VAALCO Energy stock traded up $0.02 during trading on Friday, reaching $3.94. The stock had a trading volume of 752,849 shares, compared to its average volume of 1,456,319. The company has a market capitalization of $420.67 million, a price-to-earnings ratio of 7.00 and a beta of 1.58. The stock has a fifty day moving average price of $4.22 and a two-hundred day moving average price of $4.55. VAALCO Energy, Inc. has a 52 week low of $3.51 and a 52 week high of $8.77. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.18.

VAALCO Energy (NYSE:EGY – Get Rating) last posted its quarterly earnings data on Thursday, April 6th. The energy company reported $0.19 earnings per share (EPS) for the quarter. VAALCO Energy had a net margin of 11.80% and a return on equity of 28.65%. The company had revenue of $96.59 million for the quarter. Sell-side analysts predict that VAALCO Energy, Inc. will post 0.88 EPS for the current fiscal year.

VAALCO Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Wednesday, May 24th will be issued a $0.063 dividend. This is a boost from VAALCO Energy’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, May 23rd. This represents a $0.25 annualized dividend and a dividend yield of 6.40%. VAALCO Energy’s dividend payout ratio (DPR) is presently 44.64%.

Analyst Ratings Changes

Several research firms have weighed in on EGY. StockNews.com initiated coverage on shares of VAALCO Energy in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Stifel Nicolaus initiated coverage on VAALCO Energy in a report on Wednesday, March 1st. They issued a “buy” rating for the company. Finally, Roth Capital restated a “buy” rating on shares of VAALCO Energy in a report on Monday, March 6th.

Institutional Investors Weigh In On VAALCO Energy

Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp increased its holdings in shares of VAALCO Energy by 2,032.4% during the 2nd quarter. State Street Corp now owns 4,121,516 shares of the energy company’s stock worth $28,603,000 after acquiring an additional 3,928,232 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of VAALCO Energy by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 2,958,262 shares of the energy company’s stock worth $12,898,000 after buying an additional 112,844 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of VAALCO Energy by 122.3% during the 4th quarter. Renaissance Technologies LLC now owns 2,701,191 shares of the energy company’s stock worth $12,317,000 after buying an additional 1,486,093 shares during the period. First Sabrepoint Capital Management LP boosted its holdings in shares of VAALCO Energy by 42.4% during the 1st quarter. First Sabrepoint Capital Management LP now owns 2,350,000 shares of the energy company’s stock worth $10,646,000 after buying an additional 700,000 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in VAALCO Energy by 5.7% during the 1st quarter. Geode Capital Management LLC now owns 1,990,119 shares of the energy company’s stock worth $9,015,000 after purchasing an additional 108,124 shares during the last quarter. 31.61% of the stock is owned by institutional investors.

About VAALCO Energy

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VAALCO Energy, Inc engages in the acquisition, development, and production of crude oil. It operates through the following segments: Gabon and Equatorial Guinea. The Gabon Segment focuses on the Offshore Gabon-Etame Marin Permit operation. The Equatorial Guinea segment deals with the Equatorial Guinea-Block P operation.