Kornitzer Capital Management Inc. KS Has $11.22 Million Stake in Vaalco Energy Inc (NYSE:EGY)

Kornitzer Capital Management Inc. KS increased its holdings in Vaalco Energy Inc (NYSE:EGY - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,984,055 shares of the energy company's stock after acquiring an additional 197,790 shares during the period. Kornitzer Capital Management Inc. KS owned about 2.84% of Vaalco Energy worth $11,220,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Parallel Advisors LLC raised its stake in shares of Vaalco Energy by 776.1% during the 1st quarter. Parallel Advisors LLC now owns 8,305 shares of the energy company's stock worth $31,000 after purchasing an additional 7,357 shares in the last quarter. CWM LLC raised its stake in shares of Vaalco Energy by 259.6% during the 1st quarter. CWM LLC now owns 9,681 shares of the energy company's stock worth $36,000 after purchasing an additional 6,989 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new stake in shares of Vaalco Energy during the 4th quarter worth about $38,000. Simplicity Wealth LLC purchased a new stake in shares of Vaalco Energy during the 1st quarter worth about $40,000. Finally, First Manhattan CO. LLC. purchased a new stake in shares of Vaalco Energy during the 4th quarter worth about $50,000. 50.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Vaalco Energy from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.

Vaalco Energy Stock Down 1.4%

Shares of EGY traded down $0.05 during midday trading on Friday, reaching $3.56. 1,057,195 shares of the stock were exchanged, compared to its average volume of 951,799. The firm has a 50 day simple moving average of $3.61 and a 200-day simple moving average of $3.82. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 0.13. Vaalco Energy Inc has a 12-month low of $3.00 and a 12-month high of $7.43. The company has a market cap of $369.60 million, a price-to-earnings ratio of 6.47 and a beta of 0.84.

Vaalco Energy (NYSE:EGY - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The energy company reported $0.06 earnings per share for the quarter, meeting analysts' consensus estimates of $0.06. Vaalco Energy had a return on equity of 8.74% and a net margin of 11.97%. The business had revenue of $110.33 million for the quarter, compared to the consensus estimate of $99.30 million. Research analysts forecast that Vaalco Energy Inc will post 0.43 EPS for the current year.

Vaalco Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 23rd were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 7.02%. The ex-dividend date of this dividend was Friday, May 23rd. Vaalco Energy's dividend payout ratio is presently 45.45%.

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.