Arcadia Investment Management Corp MI Has $67,000 Stake in VAALCO Energy, Inc. (NYSE:EGY)

Arcadia Investment Management Corp MI trimmed its stake in VAALCO Energy, Inc. (NYSE:EGY) by 56.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,300 shares of the energy company’s stock after selling 19,450 shares during the quarter. 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 (SEC).

Several other institutional investors have also made changes to their positions in the stock. New York State Common Retirement Fund increased its stake in VAALCO Energy by 47.3% in the 4th quarter. New York State Common Retirement Fund now owns 67,889 shares of the energy company’s stock valued at $297,000 after buying an additional 21,800 shares during the period. Atria Wealth Solutions Inc. purchased a new position in shares of VAALCO Energy during the 4th quarter valued at $44,000. Kornitzer Capital Management Inc. KS increased its stake in shares of VAALCO Energy by 9.7% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 2,786,265 shares of the energy company’s stock worth $12,176,000 after acquiring an additional 247,310 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of VAALCO Energy by 8.0% during the fourth quarter. Principal Financial Group Inc. now owns 52,895 shares of the energy company’s stock worth $231,000 after acquiring an additional 3,930 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of VAALCO Energy by 5.1% during the fourth quarter. Empowered Funds LLC now owns 543,285 shares of the energy company’s stock worth $2,374,000 after acquiring an additional 26,549 shares in the last quarter. 50.32% of the stock is currently owned by institutional investors and hedge funds.

VAALCO Energy Trading Down 2.1 %

NYSE:EGY opened at $4.35 on Friday. The company has a market capitalization of $456.66 million, a P/E ratio of 5.11 and a beta of 1.18. The stock’s 50 day moving average price is $4.37 and its 200 day moving average price is $5.27. 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 52 week low of $3.96 and a 52 week high of $7.51.

VAALCO Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.0625 per share. The ex-dividend date is Friday, February 28th. This represents a $0.25 annualized dividend and a dividend yield of 5.75%. VAALCO Energy’s dividend payout ratio (DPR) is 29.41%.

Wall Street Analysts Forecast Growth

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

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.