Navellier & Associates Inc. Buys 34,687 Shares of VAALCO Energy, Inc. (NYSE:EGY)

Navellier & Associates Inc. increased its stake in shares of VAALCO Energy, Inc. (NYSE:EGY) by 17.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 234,412 shares of the energy company’s stock after acquiring an additional 34,687 shares during the quarter. Navellier & Associates Inc.’s holdings in VAALCO Energy were worth $1,024,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. New York State Common Retirement Fund increased its position in VAALCO Energy by 47.3% during the fourth quarter. New York State Common Retirement Fund now owns 67,889 shares of the energy company’s stock worth $297,000 after acquiring an additional 21,800 shares during the period. Atria Wealth Solutions Inc. bought a new position in VAALCO Energy during the fourth quarter worth $44,000. Kornitzer Capital Management Inc. KS increased 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 worth $12,176,000 after acquiring an additional 247,310 shares during the period. Principal Financial Group Inc. increased its position in VAALCO Energy by 8.0% during the fourth quarter. Principal Financial Group Inc. now owns 52,895 shares of the energy company’s stock worth $231,000 after acquiring an additional 3,930 shares during the period. Finally, Empowered Funds LLC increased its position in VAALCO Energy by 5.1% during the fourth quarter. Empowered Funds LLC now owns 543,285 shares of the energy company’s stock worth $2,374,000 after acquiring an additional 26,549 shares during the period. Institutional investors own 50.32% of the company’s stock.

VAALCO Energy Trading Down 2.1 %

Shares of VAALCO Energy stock opened at $4.35 on Friday. The firm has a market capitalization of $456.66 million, a PE ratio of 5.11 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.34 and a quick ratio of 1.32. The company’s fifty day moving average price is $4.36 and its two-hundred day moving average price is $5.26. VAALCO Energy, Inc. has a 52-week low of $3.96 and a 52-week high of $7.51.

VAALCO Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 5.75%. The ex-dividend date is Friday, February 28th. VAALCO Energy’s dividend payout ratio (DPR) is presently 29.41%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of VAALCO Energy from a “hold” rating to a “buy” rating in a research report on Monday, January 20th.

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.