IFP Advisors Inc Buys Shares of 6,168 VAALCO Energy, Inc. (NYSE:EGY)

IFP Advisors Inc bought a new stake in shares of VAALCO Energy, Inc. (NYSE:EGY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,168 shares of the energy company’s stock, valued at approximately $27,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. State Street Corp raised its stake in VAALCO Energy by 4.3% during the 3rd quarter. State Street Corp now owns 4,285,378 shares of the energy company’s stock valued at $24,598,000 after buying an additional 176,259 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its stake in 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 buying an additional 247,310 shares during the last quarter. Geode Capital Management LLC raised its stake in 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 valued at $14,316,000 after buying an additional 109,090 shares during the last quarter. Foundry Partners LLC raised its stake in VAALCO Energy by 156.8% during the 3rd quarter. Foundry Partners LLC now owns 1,200,474 shares of the energy company’s stock valued at $6,891,000 after buying an additional 733,084 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in VAALCO Energy by 66.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 962,824 shares of the energy company’s stock valued at $5,527,000 after buying an additional 386,071 shares during the last quarter. 50.32% of the stock is currently owned by hedge funds and other institutional investors.

VAALCO Energy Stock Up 4.2 %

EGY opened at $3.89 on Friday. The firm has a 50-day simple moving average of $4.27 and a two-hundred day simple moving average of $5.09. VAALCO Energy, Inc. has a 52 week low of $3.57 and a 52 week high of $7.51. The company has a market capitalization of $408.29 million, a PE ratio of 4.57 and a beta of 1.18. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 dividend yield of 6.44%. The ex-dividend date is Friday, February 28th. VAALCO Energy’s dividend payout ratio is 29.41%.

Analyst Ratings Changes

Separately, StockNews.com lowered VAALCO Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

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.