Navellier & Associates Inc. Decreases Stock Holdings in VAALCO Energy, Inc. (NYSE:EGY)

Navellier & Associates Inc. lessened its stake in VAALCO Energy, Inc. (NYSE:EGY) by 16.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 199,725 shares of the energy company’s stock after selling 38,560 shares during the quarter. Navellier & Associates Inc. owned approximately 0.19% of VAALCO Energy worth $1,146,000 at the end of the most recent reporting period.

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

VAALCO Energy Stock Up 1.9 %

Shares of NYSE EGY opened at $5.40 on Friday. VAALCO Energy, Inc. has a 1 year low of $4.03 and a 1 year high of $7.51. The company has a market capitalization of $560.21 million, a P/E ratio of 6.23 and a beta of 1.19. The company has a 50 day simple moving average of $5.72 and a 200-day simple moving average of $6.13. 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 (NYSE:EGY) last posted its earnings results on Monday, November 11th. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04). VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. The business had revenue of $140.33 million for the quarter, compared to analyst estimates of $128.64 million. During the same period last year, the business earned $0.07 EPS. On average, equities research analysts predict that VAALCO Energy, Inc. will post 0.5 earnings per share for the current year.

VAALCO Energy Cuts Dividend

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

Analyst Upgrades and Downgrades

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

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.