VAALCO Energy, Inc. (NYSE:EGY) COO Thor Pruckl Sells 10,169 Shares of Stock

VAALCO Energy, Inc. (NYSE:EGY) COO Thor Pruckl sold 10,169 shares of VAALCO Energy stock in a transaction dated Monday, March 24th. The stock was 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 owns 174,992 shares in the company, valued at approximately $691,218.40. This represents a 5.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

VAALCO Energy Price Performance

Shares of EGY stock opened at $3.84 on Wednesday. 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, Inc. has a fifty-two week low of $3.57 and a fifty-two week high of $7.51. The firm has a market cap of $398.37 million, a P/E ratio of 4.52 and a beta of 1.16. The business’s 50 day moving average price is $4.16 and its 200-day moving average price is $4.88.

VAALCO Energy (NYSE:EGY) last released its quarterly earnings results on Thursday, March 13th. The energy company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. The business had revenue of $121.72 million for the quarter, compared to analysts’ expectations of $108.91 million. On average, equities research analysts anticipate that VAALCO Energy, Inc. will post 0.43 earnings per share for the current year.

VAALCO Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $0.0625 per share. The ex-dividend date is Friday, February 28th. This represents a $0.25 annualized dividend and a yield of 6.51%. VAALCO Energy’s payout ratio is 45.45%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of VAALCO Energy from a “hold” rating to a “buy” rating in a report on Friday, March 14th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Heck Capital Advisors LLC bought a new stake in shares of VAALCO Energy in the 4th quarter worth approximately $226,000. GF Fund Management CO. LTD. purchased a new position in VAALCO Energy during the fourth quarter valued at $141,000. GTS Securities LLC boosted its holdings in VAALCO Energy by 49.1% in the fourth quarter. GTS Securities LLC now owns 19,268 shares of the energy company’s stock worth $84,000 after acquiring an additional 6,343 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of VAALCO Energy in the fourth quarter worth $497,000. Finally, ProShare Advisors LLC increased its holdings in shares of VAALCO Energy by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 29,339 shares of the energy company’s stock valued at $128,000 after acquiring an additional 9,654 shares in the last quarter. 50.32% of the stock is currently owned by institutional investors.

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.