Versor Investments LP Lowers Stock Position in VAALCO Energy, Inc. (NYSE:EGY)

Versor Investments LP reduced its stake in VAALCO Energy, Inc. (NYSE:EGY) by 64.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,200 shares of the energy company’s stock after selling 20,000 shares during the quarter. Versor Investments LP’s holdings in VAALCO Energy were worth $64,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of EGY. Summit Global Investments bought a new position in VAALCO Energy during the third quarter valued at approximately $469,000. Kornitzer Capital Management Inc. KS grew its position in VAALCO Energy by 5.0% during 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 acquiring an additional 121,005 shares during the last quarter. Principal Financial Group Inc. grew its position in VAALCO Energy by 362.2% during the third quarter. Principal Financial Group Inc. now owns 48,965 shares of the energy company’s stock valued at $281,000 after acquiring an additional 38,372 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in VAALCO Energy during the third quarter valued at approximately $1,000,000. Finally, Arcadia Investment Management Corp MI grew its position in VAALCO Energy by 124.9% during the third quarter. Arcadia Investment Management Corp MI now owns 34,750 shares of the energy company’s stock valued at $199,000 after acquiring an additional 19,300 shares during the last quarter. 50.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

VAALCO Energy Stock Performance

Shares of EGY stock opened at $5.26 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.34 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $545.67 million, a price-to-earnings ratio of 6.19 and a beta of 1.19. The stock has a fifty day moving average of $5.73 and a 200 day moving average of $6.15. VAALCO Energy, Inc. has a 52 week low of $4.01 and a 52 week high of $7.51.

VAALCO Energy (NYSE:EGY) last posted its quarterly 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). The company had revenue of $140.33 million during 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 in the prior year, the firm earned $0.07 EPS. As a group, research analysts expect that VAALCO Energy, Inc. will post 0.5 earnings per share for the current year.

VAALCO Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 22nd will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.25 annualized dividend and a yield of 4.75%. VAALCO Energy’s payout ratio is 29.41%.

About VAALCO Energy

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.