CWA Asset Management Group LLC Purchases Shares of 80,257 VAALCO Energy, Inc. (NYSE:EGY)

CWA Asset Management Group LLC acquired a new position in VAALCO Energy, Inc. (NYSE:EGY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 80,257 shares of the energy company’s stock, valued at approximately $351,000. CWA Asset Management Group LLC owned approximately 0.08% of VAALCO Energy at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. nVerses Capital LLC purchased a new stake in VAALCO Energy in the third quarter worth approximately $60,000. Crestmont Private Wealth LLC bought a new stake in shares of VAALCO Energy in the 3rd quarter worth approximately $63,000. Zacks Investment Management boosted its stake in shares of VAALCO Energy by 19.6% in the 3rd quarter. Zacks Investment Management now owns 15,419 shares of the energy company’s stock valued at $89,000 after purchasing an additional 2,527 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of VAALCO Energy during the 2nd quarter valued at $93,000. Finally, Quantinno Capital Management LP purchased a new position in VAALCO Energy in the 3rd quarter worth $109,000. 50.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of VAALCO Energy from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th.

VAALCO Energy Stock Performance

NYSE:EGY opened at $4.33 on Thursday. 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 $4.03 and a fifty-two week high of $7.51. The firm has a market cap of $449.21 million, a PE ratio of 5.09 and a beta of 1.19. The business has a 50 day moving average price of $4.91 and a 200-day moving average price of $5.76.

VAALCO Energy (NYSE:EGY) last posted its earnings results 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). VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. The firm had revenue of $140.33 million for the quarter, compared to analysts’ expectations of $128.64 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. Equities research analysts predict that VAALCO Energy, Inc. will post 0.5 earnings per share for the current year.

VAALCO Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 22nd were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.25 annualized dividend and a dividend yield of 5.77%. VAALCO Energy’s dividend payout ratio (DPR) is presently 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.