Bank of New York Mellon Corp Purchases 90,364 Shares of VAALCO Energy, Inc. (NYSE:EGY)

Bank of New York Mellon Corp raised its stake in VAALCO Energy, Inc. (NYSE:EGY) by 6.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,390,838 shares of the energy company’s stock after acquiring an additional 90,364 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.32% of VAALCO Energy worth $6,078,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc purchased a new position in VAALCO Energy in the fourth quarter valued at about $27,000. Atria Wealth Solutions Inc. bought a new position in VAALCO Energy in the 4th quarter worth approximately $44,000. Zacks Investment Management boosted its holdings in VAALCO Energy by 19.6% in the 3rd quarter. Zacks Investment Management now owns 15,419 shares of the energy company’s stock worth $89,000 after buying an additional 2,527 shares during the period. Quantinno Capital Management LP bought a new position in VAALCO Energy in the 3rd quarter worth approximately $109,000. Finally, Catalina Capital Group LLC boosted its holdings in VAALCO Energy by 19.5% in the 4th quarter. Catalina Capital Group LLC now owns 20,334 shares of the energy company’s stock valued at $89,000 after purchasing an additional 3,315 shares during the period. 50.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of VAALCO Energy from a “hold” rating to a “buy” rating in a report on Friday.

VAALCO Energy Price Performance

Shares of NYSE:EGY opened at $4.34 on Monday. The stock has a market cap of $455.59 million, a PE ratio of 5.10 and a beta of 1.16. The company’s fifty day moving average is $4.23 and its 200 day moving average is $4.99. VAALCO Energy, Inc. has a 52 week low of $3.57 and a 52 week high of $7.51. 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 (NYSE:EGY) last issued its earnings results on Thursday, March 13th. The energy company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The company had revenue of $121.72 million for the quarter, compared to analysts’ expectations of $108.91 million. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. Research analysts anticipate that VAALCO Energy, Inc. will post 0.43 earnings per share for the current year.

VAALCO Energy Dividend Announcement

The business also recently announced 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. This represents a $0.25 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date is Friday, February 28th. VAALCO Energy’s payout ratio is 29.41%.

VAALCO Energy Profile

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.