VAALCO Energy, Inc. (NYSE:EGY) Stock Holdings Reduced by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its position in VAALCO Energy, Inc. (NYSE:EGY) by 7.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 233,040 shares of the energy company’s stock after selling 17,509 shares during the quarter. Los Angeles Capital Management LLC’s holdings in VAALCO Energy were worth $1,018,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC purchased a new position in VAALCO Energy in the third quarter valued at about $173,000. Barclays PLC grew its stake in 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 purchasing an additional 122,373 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in 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 valued at $5,527,000 after purchasing an additional 386,071 shares in the last quarter. JPMorgan Chase & Co. grew its stake in VAALCO Energy by 172.0% in the third quarter. JPMorgan Chase & Co. now owns 152,798 shares of the energy company’s stock valued at $877,000 after purchasing an additional 96,627 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS grew its stake in VAALCO Energy by 5.0% in the third quarter. Kornitzer Capital Management Inc. KS now owns 2,538,955 shares of the energy company’s stock valued at $14,574,000 after purchasing an additional 121,005 shares in the last quarter. Hedge funds and other institutional investors own 50.32% of the company’s stock.

VAALCO Energy Stock Performance

EGY opened at $4.01 on Friday. The company has a market cap of $421.43 million, a PE ratio of 4.72 and a beta of 1.18. The stock has a 50-day moving average of $4.33 and a 200-day moving average of $5.18. VAALCO Energy, Inc. has a 52-week low of $3.83 and a 52-week high of $7.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.34.

VAALCO Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.25 annualized dividend and a dividend yield of 6.23%. VAALCO Energy’s dividend payout ratio is presently 29.41%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded VAALCO Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

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.