Kornitzer Capital Management Inc. KS Purchases 197,549 Shares of Vaalco Energy Inc $EGY

Kornitzer Capital Management Inc. KS grew its holdings in Vaalco Energy Inc (NYSE:EGY) by 6.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,200,015 shares of the energy company’s stock after acquiring an additional 197,549 shares during the quarter. Kornitzer Capital Management Inc. KS owned 3.07% of Vaalco Energy worth $12,864,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Signaturefd LLC increased its stake in Vaalco Energy by 545.7% during the 2nd quarter. Signaturefd LLC now owns 7,380 shares of the energy company’s stock worth $27,000 after purchasing an additional 6,237 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Vaalco Energy by 810.3% in the second quarter. PNC Financial Services Group Inc. now owns 7,410 shares of the energy company’s stock valued at $27,000 after buying an additional 6,596 shares during the period. CWM LLC increased its position in shares of Vaalco Energy by 91.1% during the third quarter. CWM LLC now owns 8,469 shares of the energy company’s stock worth $34,000 after acquiring an additional 4,038 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of Vaalco Energy during the third quarter worth $41,000. Finally, Catalyst Funds Management Pty Ltd acquired a new position in Vaalco Energy in the 2nd quarter worth $42,000. Institutional investors own 50.32% of the company’s stock.

Vaalco Energy Stock Performance

Shares of NYSE EGY opened at $4.74 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.99 and a current ratio of 1.05. The stock has a 50 day moving average price of $3.73 and a 200 day moving average price of $3.82. The stock has a market capitalization of $493.67 million, a PE ratio of 17.54 and a beta of 0.22. Vaalco Energy Inc has a 52 week low of $3.00 and a 52 week high of $4.91.

Vaalco Energy (NYSE:EGY) last released its quarterly earnings data on Monday, November 10th. The energy company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The company had revenue of $61.01 million during the quarter, compared to analyst estimates of $74.30 million. Vaalco Energy had a net margin of 7.40% and a return on equity of 1.02%. Analysts predict that Vaalco Energy Inc will post 0.43 earnings per share for the current fiscal year.

Vaalco Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, November 21st were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Friday, November 21st. Vaalco Energy’s dividend payout ratio (DPR) is 92.59%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wall Street Zen raised Vaalco Energy from a “sell” rating to a “hold” rating in a research note on Sunday, January 18th. Loop Capital set a $7.30 target price on Vaalco Energy in a research report on Friday, January 16th. Finally, Weiss Ratings raised shares of Vaalco Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.30.

About Vaalco Energy

Vaalco Energy, Inc is an independent energy company principally engaged in the exploration, development and production of crude oil and natural gas. Headquartered in Houston, Texas, Vaalco concentrates on offshore assets in West Africa, with a strategic emphasis on maintaining and optimizing cash-flow–generating properties. Founded in the mid-1980s, the company has built its reputation by focusing on high-impact drilling prospects and extending the productive life of its core fields through targeted infill wells and enhanced recovery techniques.

The company’s primary producing asset is the Etame Marin block offshore Gabon, where Vaalco holds a majority interest and serves as operator.