Navellier & Associates Inc. Trims Stock Position in VAALCO Energy, Inc. (NYSE:EGY)

Navellier & Associates Inc. decreased its position in shares of VAALCO Energy, Inc. (NYSE:EGY) by 16.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 199,725 shares of the energy company’s stock after selling 38,560 shares during the quarter. Navellier & Associates Inc.’s holdings in VAALCO Energy were worth $1,146,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new position in VAALCO Energy in the 2nd quarter valued at $28,000. Innealta Capital LLC purchased a new stake in shares of VAALCO Energy in the second quarter valued at about $60,000. Arkadios Wealth Advisors acquired a new position in shares of VAALCO Energy during the second quarter worth about $64,000. nVerses Capital LLC purchased a new position in VAALCO Energy during the third quarter worth about $60,000. Finally, Crestmont Private Wealth LLC purchased a new stake in VAALCO Energy in the 3rd quarter valued at approximately $63,000. Institutional investors and hedge funds own 50.32% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded VAALCO Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

VAALCO Energy Price Performance

VAALCO Energy stock opened at $5.40 on Friday. The firm has a market capitalization of $560.21 million, a PE ratio of 6.23 and a beta of 1.19. VAALCO Energy, Inc. has a 52 week low of $4.03 and a 52 week high of $7.51. The firm’s 50-day simple moving average is $5.72 and its 200 day simple moving average is $6.13. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.14.

VAALCO Energy (NYSE:EGY) last issued its quarterly earnings data on Monday, November 11th. The energy company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The business had revenue of $140.33 million for the quarter, compared to analysts’ expectations of $128.64 million. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. During the same period last year, the business earned $0.07 earnings per share. On average, equities research analysts predict that VAALCO Energy, Inc. will post 0.5 EPS for the current fiscal year.

VAALCO Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.63%. VAALCO Energy’s dividend payout ratio (DPR) is presently 29.41%.

VAALCO Energy 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.