Insider Selling: VAALCO Energy, Inc. (NYSE:EGY) COO Sells $40,167.55 in 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 shares were sold at an average price of $3.95, for a total value of $40,167.55. Following the sale, the chief operating officer now owns 174,992 shares of the company’s stock, valued at approximately $691,218.40. This represents a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

VAALCO Energy Trading Up 1.9 %

VAALCO Energy stock opened at $3.93 on Friday. VAALCO Energy, Inc. has a one year low of $3.57 and a one year high of $7.51. The company’s fifty day moving average price is $4.13 and its two-hundred day moving average price is $4.87. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.34 and a quick ratio of 1.32. The company has a market capitalization of $407.19 million, a price-to-earnings ratio of 4.62 and a beta of 1.16.

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

VAALCO Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 6.37%. VAALCO Energy’s payout ratio is presently 45.45%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Heck Capital Advisors LLC acquired a new stake in shares of VAALCO Energy in the fourth quarter worth $226,000. GF Fund Management CO. LTD. bought a new stake in VAALCO Energy in the 4th quarter valued at $141,000. GTS Securities LLC grew its position in VAALCO Energy by 49.1% in the 4th quarter. GTS Securities LLC now owns 19,268 shares of the energy company’s stock worth $84,000 after purchasing an additional 6,343 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of VAALCO Energy during the 4th quarter worth about $497,000. Finally, ProShare Advisors LLC raised its position 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 buying an additional 9,654 shares during the last quarter. 50.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

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.