Vanguard Trims VAALCO Energy Stake to 7.0% as of Dec 29, 2023

TL;DR

**Vanguard slightly reduced its stake in VAALCO Energy to 7.0%.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, updating its beneficial ownership in VAALCO Energy Inc. As of December 29, 2023, Vanguard reported owning 7,203,791 shares of VAALCO's Common Stock, representing 7.0% of the company. This filing indicates a slight decrease in their reported stake from a previous filing, which could signal a minor shift in Vanguard's investment strategy for VAALCO Energy.

Why It Matters

This matters to investors because Vanguard is a significant institutional holder, and changes in their position can reflect their outlook on VAALCO Energy's future performance, potentially influencing other investors.

Risk Assessment

Risk Level: low — The change in ownership is minor and from an institutional investor, indicating no immediate significant risk to the company's stability or stock price.

Analyst Insight

A smart investor would note Vanguard's slight reduction in stake but recognize that their continued significant holding (7.0%) still signals long-term confidence, suggesting no immediate need for drastic action but warranting continued monitoring of institutional ownership trends.

Key Numbers

• 7,203,791 — Shares Beneficially Owned (The number of VAALCO Energy shares held by The Vanguard Group as of December 29, 2023.)
• 7.0% — Percentage of Class (The percentage of VAALCO Energy's Common Stock owned by The Vanguard Group.)
• 20240213 — Filing Date (The date this SC 13G/A amendment was filed with the SEC.)
• 91851C201 — CUSIP Number (Unique identification number for VAALCO Energy's Common Stock.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• VAALCO Energy Inc (company) — issuer of the securities
• 7,203,791 shares (dollar_amount) — number of shares beneficially owned by Vanguard
• 7.0% (dollar_amount) — percentage of VAALCO Energy's Common Stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, but potentially slightly reduced, passive investment in VAALCO Energy over the next year. (The Vanguard Group) — medium confidence, target: 2025-02-13

FAQ

Filing Documents

• tv02184-vaalcoenergyinc.htm (SC 13G/A) — 11KB
• 0001104659-24-022206.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: VAALCO Energy Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 9800 Richmond Avenue, Suite 700 Houston, TX 77042-4561

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 91851C201

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR