Foundry Partners LLC Has $3.94 Million Stake in VAALCO Energy, Inc. (NYSE:EGY)

Foundry Partners LLC boosted its holdings in VAALCO Energy, Inc. (NYSE:EGY - Free Report) by 65.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 877,205 shares of the energy company's stock after purchasing an additional 347,005 shares during the period. Foundry Partners LLC owned about 0.83% of VAALCO Energy worth $3,939,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EGY. National Bank of Canada FI boosted its holdings in VAALCO Energy by 491.7% in the third quarter. National Bank of Canada FI now owns 59,169 shares of the energy company's stock valued at $245,000 after purchasing an additional 49,169 shares during the last quarter. SG Americas Securities LLC bought a new position in VAALCO Energy during the 3rd quarter worth approximately $196,000. Redwood Wealth Management Group LLC lifted its holdings in VAALCO Energy by 11.3% during the 3rd quarter. Redwood Wealth Management Group LLC now owns 65,750 shares of the energy company's stock worth $289,000 after buying an additional 6,682 shares during the last quarter. Yorktown Management & Research Co Inc lifted its holdings in VAALCO Energy by 56.9% during the 3rd quarter. Yorktown Management & Research Co Inc now owns 80,000 shares of the energy company's stock worth $351,000 after buying an additional 29,000 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its holdings in VAALCO Energy by 3.8% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 2,196,895 shares of the energy company's stock worth $9,644,000 after buying an additional 79,755 shares during the last quarter. Hedge funds and other institutional investors own 50.32% of the company's stock.

VAALCO Energy Stock Performance

Shares of VAALCO Energy stock traded down $0.12 on Monday, reaching $6.65. 721,652 shares of the company were exchanged, compared to its average volume of 1,061,208. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.77 and a current ratio of 1.79. The company's 50-day moving average is $5.62 and its two-hundred day moving average is $4.83. The firm has a market cap of $686.23 million, a price-to-earnings ratio of 12.09 and a beta of 1.29. VAALCO Energy, Inc. has a 1-year low of $3.51 and a 1-year high of $7.51.

VAALCO Energy (NYSE:EGY - Get Free Report) last posted its earnings results on Wednesday, March 13th. The energy company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.15 by $0.22. VAALCO Energy had a return on equity of 14.34% and a net margin of 13.26%. The firm had revenue of $149.15 million for the quarter, compared to analysts' expectations of $130.53 million. As a group, research analysts expect that VAALCO Energy, Inc. will post 1.23 earnings per share for the current fiscal year.

VAALCO Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were given a $0.063 dividend. This is a boost from VAALCO Energy's previous quarterly dividend of $0.06. This represents a $0.25 annualized dividend and a yield of 3.79%. The ex-dividend date was Thursday, March 7th. VAALCO Energy's dividend payout ratio (DPR) is currently 44.64%.

Analysts Set New Price Targets

Separately, StockNews.com raised VAALCO Energy from a "buy" rating to a "strong-buy" rating in a 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.