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

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

VAALCO Energy Price Performance

NYSE EGY traded down $0.04 during trading hours on Tuesday, reaching $3.84. The company’s stock had a trading volume of 1,186,812 shares, compared to its average volume of 953,259. 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 1-year low of $3.57 and a 1-year high of $7.51. The company’s 50-day moving average is $4.16 and its two-hundred day moving average is $4.88. The firm has a market capitalization of $398.37 million, a price-to-earnings ratio of 4.52 and a beta of 1.16.

VAALCO Energy (NYSE:EGY) last announced its earnings results on Thursday, March 13th. The energy company reported $0.07 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $108.91 million. On average, equities analysts predict that VAALCO Energy, Inc. will post 0.43 EPS for the current year.

VAALCO Energy Dividend Announcement

The business also recently disclosed 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 6.51%. The ex-dividend date is Friday, February 28th. VAALCO Energy’s payout ratio is 45.45%.

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.

Institutional Trading of VAALCO Energy

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC acquired a new stake in VAALCO Energy in the 3rd quarter worth about $173,000. Barclays PLC lifted its position in shares of VAALCO Energy by 319.0% in the third quarter. Barclays PLC now owns 160,736 shares of the energy company’s stock valued at $923,000 after acquiring an additional 122,373 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of VAALCO Energy by 66.9% in the third 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. JPMorgan Chase & Co. increased its position in shares of VAALCO Energy by 172.0% during the third quarter. JPMorgan Chase & Co. now owns 152,798 shares of the energy company’s stock worth $877,000 after purchasing an additional 96,627 shares in the last quarter. Finally, State Street Corp raised its stake in VAALCO Energy by 4.3% in the 3rd quarter. State Street Corp now owns 4,285,378 shares of the energy company’s stock valued at $24,598,000 after purchasing an additional 176,259 shares during the last quarter. Hedge funds and other institutional investors own 50.32% of the company’s stock.

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.