Kovack Advisors Inc. lifted its stake in VAALCO Energy, Inc. (NYSE:EGY – Free Report) by 71.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 227,200 shares of the energy company’s stock after buying an additional 94,500 shares during the period. Kovack Advisors Inc.’s holdings in VAALCO Energy were worth $993,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of EGY. Foundry Partners LLC lifted its position in VAALCO Energy by 156.8% in the third quarter. Foundry Partners LLC now owns 1,200,474 shares of the energy company’s stock valued at $6,891,000 after purchasing an additional 733,084 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of VAALCO Energy by 66.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 962,824 shares of the energy company’s stock worth $5,527,000 after buying an additional 386,071 shares during the period. Segall Bryant & Hamill LLC bought a new stake in VAALCO Energy during the 3rd quarter valued at $1,676,000. Kornitzer Capital Management Inc. KS boosted its position in VAALCO Energy by 9.7% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 2,786,265 shares of the energy company’s stock valued at $12,176,000 after buying an additional 247,310 shares during the period. Finally, State Street Corp grew its holdings in VAALCO Energy by 4.3% in the 3rd quarter. State Street Corp now owns 4,285,378 shares of the energy company’s stock worth $24,598,000 after acquiring an additional 176,259 shares during the last quarter. Institutional investors own 50.32% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of VAALCO Energy from a “buy” rating to a “hold” rating in a research note on Tuesday.
VAALCO Energy Price Performance
EGY opened at $4.11 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.34. The stock has a market capitalization of $431.41 million, a PE ratio of 4.83 and a beta of 1.18. The stock’s 50 day moving average price is $4.33 and its 200-day moving average price is $5.20. VAALCO Energy, Inc. has a 52-week low of $3.96 and a 52-week high of $7.51.
VAALCO Energy Dividend Announcement
The business also recently disclosed 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. The ex-dividend date is Friday, February 28th. This represents a $0.25 annualized dividend and a yield of 6.09%. VAALCO Energy’s dividend payout ratio (DPR) is presently 29.41%.
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.
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