VAALCO Energy, Inc. (NYSE:EGY) Shares Sold by Tieton Capital Management LLC

Tieton Capital Management LLC cut its holdings in shares of VAALCO Energy, Inc. (NYSE:EGY) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,467,409 shares of the energy company’s stock after selling 3,995 shares during the quarter. VAALCO Energy comprises 4.4% of Tieton Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. Tieton Capital Management LLC owned about 1.41% of VAALCO Energy worth $8,423,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new position in VAALCO Energy in the second quarter valued at approximately $28,000. Innealta Capital LLC acquired a new stake in shares of VAALCO Energy during the second quarter valued at about $60,000. Arkadios Wealth Advisors purchased a new stake in shares of VAALCO Energy in the 2nd quarter valued at approximately $64,000. nVerses Capital LLC purchased a new position in shares of VAALCO Energy during the 3rd quarter worth approximately $60,000. Finally, Crestmont Private Wealth LLC acquired a new stake in VAALCO Energy in the 3rd quarter valued at approximately $63,000. Institutional investors and hedge funds own 50.32% of the company’s stock.

VAALCO Energy Price Performance

Shares of NYSE EGY opened at $5.41 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $5.72 and its 200 day moving average price is $6.12. VAALCO Energy, Inc. has a 52 week low of $4.03 and a 52 week high of $7.51. The stock has a market cap of $560.71 million, a price-to-earnings ratio of 6.36 and a beta of 1.19.

VAALCO Energy (NYSE:EGY) last posted its quarterly earnings data on Monday, November 11th. The energy company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The company had revenue of $140.33 million for the quarter, compared to analysts’ expectations of $128.64 million. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. During the same quarter in the prior year, the business posted $0.07 EPS. As a group, research analysts forecast that VAALCO Energy, Inc. will post 0.5 earnings per share for the current fiscal year.

VAALCO Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Friday, November 22nd. VAALCO Energy’s dividend payout ratio is presently 29.41%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of VAALCO Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

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.