Dynamic Technology Lab Private Ltd Purchases New Shares in VAALCO Energy, Inc. (NYSE:EGY)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of VAALCO Energy, Inc. (NYSE:EGY) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 79,898 shares of the energy company’s stock, valued at approximately $349,000.

Other large investors have also added to or reduced their stakes in the company. IFP Advisors Inc acquired a new stake in VAALCO Energy during the 4th quarter valued at $27,000. CIBC Private Wealth Group LLC acquired a new stake in VAALCO Energy during the 4th quarter valued at $38,000. Atria Wealth Solutions Inc. acquired a new stake in VAALCO Energy during the 4th quarter valued at $44,000. Virtu Financial LLC acquired a new stake in VAALCO Energy during the 4th quarter valued at $59,000. Finally, Quantbot Technologies LP acquired a new stake in VAALCO Energy during the 4th quarter valued at $60,000. 50.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Thor Pruckl sold 10,169 shares of VAALCO Energy stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $3.95, for a total value of $40,167.55. Following the completion of the transaction, the chief operating officer now directly owns 174,992 shares of the company’s stock, valued at approximately $691,218.40. The trade was a 5.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

VAALCO Energy Price Performance

Shares of EGY stock opened at $3.43 on Thursday. The firm has a market cap of $355.84 million, a P/E ratio of 4.04 and a beta of 0.75. 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 $3.00 and a 1-year high of $7.43. The firm has a fifty day moving average of $3.95 and a two-hundred day moving average of $4.70.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings data 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. The company had revenue of $121.72 million during the quarter, compared to analyst estimates of $108.91 million. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. As a group, research analysts anticipate that VAALCO Energy, Inc. will post 0.43 earnings per share for the current fiscal year.

VAALCO Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 7.29%. The ex-dividend date of this dividend was Friday, February 28th. VAALCO Energy’s dividend payout ratio (DPR) is presently 45.45%.

Wall Street Analysts Forecast Growth

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

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.