VAALCO Energy, Inc. (NYSE:EGY) Stake Reduced by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI decreased its holdings in shares of VAALCO Energy, Inc. (NYSE:EGY) by 56.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,300 shares of the energy company’s stock after selling 19,450 shares during the period. Arcadia Investment Management Corp MI’s holdings in VAALCO Energy were worth $67,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in EGY. State Street Corp lifted its stake in VAALCO Energy by 4.3% during the third quarter. State Street Corp now owns 4,285,378 shares of the energy company’s stock valued at $24,598,000 after purchasing an additional 176,259 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its position in shares of VAALCO Energy by 9.7% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 2,786,265 shares of the energy company’s stock valued at $12,176,000 after acquiring an additional 247,310 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of VAALCO Energy by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,493,587 shares of the energy company’s stock worth $14,316,000 after acquiring an additional 109,090 shares in the last quarter. Foundry Partners LLC grew its holdings in shares of VAALCO Energy by 156.8% in the 3rd quarter. Foundry Partners LLC now owns 1,200,474 shares of the energy company’s stock worth $6,891,000 after acquiring an additional 733,084 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of VAALCO Energy by 66.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 962,824 shares of the energy company’s stock worth $5,527,000 after purchasing an additional 386,071 shares during the period. Institutional investors own 50.32% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded VAALCO Energy from a “hold” rating to a “buy” rating in a research report on Monday, January 20th.

VAALCO Energy Stock Performance

VAALCO Energy stock opened at $4.35 on Friday. VAALCO Energy, Inc. has a fifty-two week low of $3.96 and a fifty-two week high of $7.51. The firm’s 50 day simple moving average is $4.37 and its 200-day simple moving average is $5.27. 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 cap of $456.66 million, a P/E ratio of 5.11 and a beta of 1.18.

VAALCO Energy Dividend Announcement

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. This represents a $0.25 annualized dividend and a yield of 5.75%. The ex-dividend date is Friday, February 28th. 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.