Vaalco Energy Inc (NYSE:EGY) Stock Position Increased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS increased its stake in shares of Vaalco Energy Inc (NYSE:EGY - Free Report) by 7.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,984,055 shares of the energy company's stock after buying an additional 197,790 shares during the period. Kornitzer Capital Management Inc. KS owned 2.84% of Vaalco Energy worth $11,220,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of EGY. Millennium Management LLC acquired a new position in Vaalco Energy during the 4th quarter worth approximately $6,515,000. Dimensional Fund Advisors LP boosted its stake in Vaalco Energy by 51.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,468,093 shares of the energy company's stock worth $10,784,000 after acquiring an additional 834,398 shares in the last quarter. First Sabrepoint Capital Management LP raised its holdings in Vaalco Energy by 34.5% during the fourth quarter. First Sabrepoint Capital Management LP now owns 1,950,000 shares of the energy company's stock worth $8,522,000 after buying an additional 500,000 shares during the last quarter. Tieton Capital Management LLC raised its holdings in Vaalco Energy by 23.0% during the fourth quarter. Tieton Capital Management LLC now owns 1,805,053 shares of the energy company's stock worth $7,888,000 after buying an additional 337,644 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Vaalco Energy by 8.7% in the fourth quarter. American Century Companies Inc. now owns 3,901,984 shares of the energy company's stock valued at $17,052,000 after purchasing an additional 312,576 shares during the last quarter. Institutional investors own 50.32% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Vaalco Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 16th.

Vaalco Energy Stock Up 0.7%

Shares of NYSE:EGY traded up $0.03 during midday trading on Thursday, reaching $3.61. The company's stock had a trading volume of 697,439 shares, compared to its average volume of 950,730. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $374.27 million, a P/E ratio of 6.55 and a beta of 0.84. The firm has a 50 day moving average of $3.61 and a 200-day moving average of $3.83. Vaalco Energy Inc has a 12-month low of $3.00 and a 12-month high of $7.43.

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

Vaalco Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 23rd were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date of this dividend was Friday, May 23rd. Vaalco Energy's dividend payout ratio is currently 45.45%.

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.