Values First Advisors Inc. Grows Stock Holdings in VAALCO Energy, Inc. (NYSE:EGY)

Values First Advisors Inc. lifted its position in shares of VAALCO Energy, Inc. (NYSE:EGY) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 442,826 shares of the energy company’s stock after purchasing an additional 38,296 shares during the period. VAALCO Energy comprises approximately 1.2% of Values First Advisors Inc.’s portfolio, making the stock its 21st largest position. Values First Advisors Inc.’s holdings in VAALCO Energy were worth $1,988,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. State Street Corp lifted its position in VAALCO Energy by 2,032.4% in the second quarter. State Street Corp now owns 4,121,516 shares of the energy company’s stock valued at $28,603,000 after acquiring an additional 3,928,232 shares during the last quarter. Renaissance Technologies LLC lifted its position in VAALCO Energy by 122.3% in the fourth quarter. Renaissance Technologies LLC now owns 2,701,191 shares of the energy company’s stock valued at $12,317,000 after acquiring an additional 1,486,093 shares during the last quarter. BlackRock Inc. lifted its position in VAALCO Energy by 16.0% in the second quarter. BlackRock Inc. now owns 8,358,016 shares of the energy company’s stock valued at $31,426,000 after acquiring an additional 1,151,028 shares during the last quarter. Geode Capital Management LLC lifted its position in VAALCO Energy by 82.5% in the fourth quarter. Geode Capital Management LLC now owns 1,881,995 shares of the energy company’s stock valued at $8,581,000 after acquiring an additional 850,673 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new stake in VAALCO Energy in the third quarter valued at $2,837,000. 50.32% of the stock is owned by hedge funds and other institutional investors.

VAALCO Energy Stock Performance

Shares of VAALCO Energy stock traded up $0.10 on Friday, reaching $6.97. 1,539,971 shares of the stock were exchanged, compared to its average volume of 1,732,873. VAALCO Energy, Inc. has a 1-year low of $3.51 and a 1-year high of $7.05. The company has a current ratio of 1.79, a quick ratio of 1.77 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average price of $4.73 and a two-hundred day moving average price of $4.52. The firm has a market capitalization of $719.79 million, a PE ratio of 12.43 and a beta of 1.23.

VAALCO Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were paid a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.62%. This is a positive change from VAALCO Energy’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, March 7th. VAALCO Energy’s payout ratio is 44.64%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of VAALCO Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 23rd.

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.