Tieton Capital Management LLC Sells 24,415 Shares of VAALCO Energy, Inc. (NYSE:EGY)

Tieton Capital Management LLC decreased its position in VAALCO Energy, Inc. (NYSE:EGY) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,471,404 shares of the energy company’s stock after selling 24,415 shares during the period. VAALCO Energy comprises approximately 5.1% of Tieton Capital Management LLC’s holdings, making the stock its 5th largest holding. Tieton Capital Management LLC owned 1.42% of VAALCO Energy worth $9,226,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of EGY. Simplicity Wealth LLC raised its position in VAALCO Energy by 13.8% in the second quarter. Simplicity Wealth LLC now owns 13,617 shares of the energy company’s stock worth $85,000 after purchasing an additional 1,648 shares in the last quarter. Unison Advisors LLC lifted its position in shares of VAALCO Energy by 1.4% during the 1st quarter. Unison Advisors LLC now owns 128,087 shares of the energy company’s stock worth $893,000 after buying an additional 1,734 shares during the period. Private Advisor Group LLC lifted its position in shares of VAALCO Energy by 10.6% during the 4th quarter. Private Advisor Group LLC now owns 36,923 shares of the energy company’s stock worth $166,000 after buying an additional 3,538 shares during the period. Morgan Dempsey Capital Management LLC boosted its stake in VAALCO Energy by 5.1% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 79,559 shares of the energy company’s stock valued at $499,000 after buying an additional 3,836 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in VAALCO Energy by 2.4% during the second quarter. Rhumbline Advisers now owns 168,581 shares of the energy company’s stock worth $1,057,000 after acquiring an additional 3,978 shares in the last quarter. Institutional investors own 50.32% of the company’s stock.

VAALCO Energy Stock Performance

Shares of NYSE:EGY opened at $5.72 on Tuesday. The business has a fifty day moving average of $6.41 and a 200-day moving average of $6.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.15 and a current ratio of 1.19. VAALCO Energy, Inc. has a twelve month low of $3.85 and a twelve month high of $7.51. The firm has a market cap of $591.25 million, a PE ratio of 9.53 and a beta of 1.18.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. The firm had revenue of $116.78 million during the quarter, compared to analyst estimates of $119.30 million. VAALCO Energy had a return on equity of 16.00% and a net margin of 17.82%. During the same period last year, the company earned $0.11 earnings per share. On average, equities research analysts predict that VAALCO Energy, Inc. will post 0.59 EPS for the current fiscal year.

VAALCO Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 23rd will be paid a $0.063 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.41%. VAALCO Energy’s dividend payout ratio (DPR) is presently 41.67%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Roth Mkm lifted their price target on shares of VAALCO Energy from $7.25 to $8.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. StockNews.com lowered VAALCO Energy from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 6th.

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.