VAALCO Energy, Inc. (NYSE:EGY) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in shares of VAALCO Energy, Inc. (NYSE:EGY) by 8.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,623 shares of the energy company’s stock after purchasing an additional 8,209 shares during the quarter. Victory Capital Management Inc. owned about 0.10% of VAALCO Energy worth $618,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in VAALCO Energy by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 6,024,145 shares of the energy company’s stock worth $41,988,000 after buying an additional 124,853 shares during the period. Kornitzer Capital Management Inc. KS increased its position in shares of VAALCO Energy by 5.0% during the third quarter. Kornitzer Capital Management Inc. KS now owns 2,538,955 shares of the energy company’s stock worth $14,574,000 after acquiring an additional 121,005 shares during the period. Inspire Investing LLC acquired a new stake in shares of VAALCO Energy in the third quarter valued at $818,000. O Shaughnessy Asset Management LLC boosted its holdings in VAALCO Energy by 221.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 33,782 shares of the energy company’s stock valued at $235,000 after purchasing an additional 23,288 shares during the period. Finally, Cornercap Investment Counsel Inc. grew its stake in VAALCO Energy by 116.5% during the 2nd quarter. Cornercap Investment Counsel Inc. now owns 176,179 shares of the energy company’s stock worth $1,105,000 after purchasing an additional 94,806 shares in the last quarter. Institutional investors and hedge funds own 50.32% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered VAALCO Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

VAALCO Energy Stock Down 0.2 %

Shares of VAALCO Energy stock opened at $5.11 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.14. VAALCO Energy, Inc. has a 52-week low of $4.03 and a 52-week high of $7.51. The company has a market capitalization of $530.11 million, a P/E ratio of 6.01 and a beta of 1.19. The company has a 50 day moving average of $5.66 and a 200 day moving average of $6.09.

VAALCO Energy (NYSE:EGY) last released its quarterly earnings data on Monday, November 11th. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04). The firm 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 period last year, the firm posted $0.07 earnings per share. As a group, research analysts forecast that VAALCO Energy, Inc. will post 0.5 EPS for the current fiscal year.

VAALCO Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 22nd will be issued a $0.0625 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.89%. VAALCO Energy’s payout ratio is currently 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.