Kornitzer Capital Management Inc. KS Has $9.80 Million Stock Holdings in VAALCO Energy, Inc. (NYSE:EGY)

Kornitzer Capital Management Inc. KS decreased its position in VAALCO Energy, Inc. (NYSE:EGY) by 0.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,182,735 shares of the energy company’s stock after selling 14,160 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in VAALCO Energy were worth $9,800,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of VAALCO Energy by 13.2% during the 3rd quarter. American Century Companies Inc. now owns 1,192,299 shares of the energy company’s stock valued at $5,234,000 after purchasing an additional 138,810 shares in the last quarter. Swiss National Bank increased its position in VAALCO Energy by 1.3% during the third quarter. Swiss National Bank now owns 237,100 shares of the energy company’s stock worth $1,041,000 after buying an additional 3,100 shares during the last quarter. Vanguard Group Inc. raised its holdings in VAALCO Energy by 0.5% during the third quarter. Vanguard Group Inc. now owns 5,666,535 shares of the energy company’s stock valued at $24,876,000 after buying an additional 26,551 shares in the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of VAALCO Energy in the fourth quarter worth about $52,000. Finally, Yorktown Management & Research Co Inc boosted its stake in shares of 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 acquiring an additional 29,000 shares in the last quarter. 50.32% of the stock is owned by institutional investors.

VAALCO Energy Stock Performance

Shares of VAALCO Energy stock traded up $0.13 on Friday, reaching $6.77. The stock had a trading volume of 773,519 shares, compared to its average volume of 1,472,878. VAALCO Energy, Inc. has a fifty-two week low of $3.51 and a fifty-two week high of $7.51. The business’s 50-day moving average price is $5.62 and its two-hundred day moving average price is $4.82. 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 stock has a market cap of $699.14 million, a P/E ratio of 12.08 and a beta of 1.29.

VAALCO Energy (NYSE:EGY) last released its quarterly earnings results on Wednesday, March 13th. The energy company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.22. The company had revenue of $149.15 million during the quarter, compared to analysts’ expectations of $130.53 million. VAALCO Energy had a net margin of 13.26% and a return on equity of 14.34%. On average, sell-side analysts forecast that VAALCO Energy, Inc. will post 1.23 EPS for the current year.

VAALCO Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were given a $0.063 dividend. This is an increase from VAALCO Energy’s previous quarterly dividend of $0.06. This represents a $0.25 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend was Thursday, March 7th. VAALCO Energy’s payout ratio is currently 44.64%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded VAALCO Energy from a “buy” rating to a “strong-buy” rating in a report on Thursday.

VAALCO Energy Company 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.