CoreCommodity Management LLC Buys 158,856 Shares of VAALCO Energy, Inc. (NYSE:EGY)

CoreCommodity Management LLC increased its position in shares of VAALCO Energy, Inc. (NYSE:EGY - Free Report) by 95.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 324,858 shares of the energy company's stock after purchasing an additional 158,856 shares during the period. CoreCommodity Management LLC owned 0.31% of VAALCO Energy worth $1,420,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Bridgeway Capital Management LLC raised its holdings in VAALCO Energy by 5.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 1,405,485 shares of the energy company's stock valued at $6,142,000 after acquiring an additional 76,549 shares during the period. Bank of America Corp DE lifted its holdings in VAALCO Energy by 20.0% in the 4th quarter. Bank of America Corp DE now owns 165,410 shares of the energy company's stock worth $723,000 after purchasing an additional 27,516 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in VAALCO Energy by 18.0% during the 4th quarter. Ameriprise Financial Inc. now owns 354,862 shares of the energy company's stock valued at $1,551,000 after buying an additional 54,248 shares in the last quarter. Ancora Advisors LLC raised its position in shares of VAALCO Energy by 1.0% during the fourth quarter. Ancora Advisors LLC now owns 372,662 shares of the energy company's stock valued at $1,629,000 after buying an additional 3,850 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of VAALCO Energy by 2.9% in the fourth quarter. Northern Trust Corp now owns 968,250 shares of the energy company's stock worth $4,231,000 after buying an additional 26,921 shares in the last quarter. Hedge funds and other institutional investors own 50.32% of the company's stock.

VAALCO Energy Price Performance

VAALCO Energy stock remained flat at $3.44 during midday trading on Friday. The company had a trading volume of 645,952 shares, compared to its average volume of 942,587. The company has a market cap of $361.47 million, a PE ratio of 4.05 and a beta of 0.87. The business's 50 day moving average price is $3.58 and its two-hundred day moving average price is $4.30. The company has a current ratio of 1.34, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14. VAALCO Energy, Inc. has a 52 week low of $3.00 and a 52 week high of $7.43.

VAALCO Energy (NYSE:EGY - Get Free Report) last posted its earnings results on Thursday, May 8th. The energy company reported $0.06 earnings per share for the quarter, meeting analysts' consensus estimates of $0.06. The firm had revenue of $110.33 million during the quarter, compared to analyst estimates of $99.30 million. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. On average, equities analysts predict that VAALCO Energy, Inc. will post 0.43 EPS for the current fiscal year.

VAALCO Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 7.27%. The ex-dividend date is Friday, May 23rd. VAALCO Energy's dividend payout ratio is 45.45%.

Insider Buying and Selling

In other news, COO Thor Pruckl sold 10,169 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $3.95, for a total value of $40,167.55. Following the sale, the chief operating officer now owns 174,992 shares of the company's stock, valued at approximately $691,218.40. This represents a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of VAALCO Energy from a "hold" rating to a "buy" rating in a research report on Thursday.

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.