New York State Common Retirement Fund Purchases 21,800 Shares of VAALCO Energy, Inc. (NYSE:EGY)

New York State Common Retirement Fund increased its position in VAALCO Energy, Inc. (NYSE:EGY) by 47.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,889 shares of the energy company’s stock after buying an additional 21,800 shares during the quarter. New York State Common Retirement Fund owned 0.06% of VAALCO Energy worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Foundry Partners LLC lifted its holdings in shares of VAALCO Energy by 156.8% in the 3rd quarter. Foundry Partners LLC now owns 1,200,474 shares of the energy company’s stock worth $6,891,000 after acquiring an additional 733,084 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in VAALCO Energy by 66.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 962,824 shares of the energy company’s stock worth $5,527,000 after purchasing an additional 386,071 shares during the period. Segall Bryant & Hamill LLC bought a new stake in VAALCO Energy in the third quarter worth $1,676,000. Kornitzer Capital Management Inc. KS boosted its position in VAALCO Energy by 9.7% during the fourth 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 period. Finally, State Street Corp grew its stake in shares of VAALCO Energy by 4.3% during the third 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. Hedge funds and other institutional investors own 50.32% of the company’s stock.

Wall Street Analysts Forecast Growth

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

VAALCO Energy Stock Performance

NYSE:EGY opened at $3.75 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.34. VAALCO Energy, Inc. has a fifty-two week low of $3.57 and a fifty-two week high of $7.51. The firm has a market cap of $393.58 million, a PE ratio of 4.41 and a beta of 1.18. The business has a 50 day moving average price of $4.30 and a 200-day moving average price of $5.13.

VAALCO Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.25 annualized dividend and a yield of 6.68%. 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.