VAALCO Energy, Inc. (NYSE:EGY) Shares Bought by Navellier & Associates Inc.

Navellier & Associates Inc. lifted its holdings in VAALCO Energy, Inc. (NYSE:EGY) by 17.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,412 shares of the energy company’s stock after purchasing an additional 34,687 shares during the period. Navellier & Associates Inc. owned about 0.22% of VAALCO Energy worth $1,024,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in EGY. Foundry Partners LLC boosted its holdings in shares of VAALCO Energy by 156.8% in the third quarter. Foundry Partners LLC now owns 1,200,474 shares of the energy company’s stock worth $6,891,000 after buying an additional 733,084 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in 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 valued at $5,527,000 after acquiring an additional 386,071 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in VAALCO Energy in the third quarter valued at approximately $1,676,000. Kornitzer Capital Management Inc. KS lifted its stake in VAALCO Energy by 9.7% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 2,786,265 shares of the energy company’s stock valued at $12,176,000 after acquiring an additional 247,310 shares during the last quarter. Finally, State Street Corp lifted its stake in VAALCO Energy by 4.3% in the third quarter. State Street Corp now owns 4,285,378 shares of the energy company’s stock valued at $24,598,000 after acquiring an additional 176,259 shares during the last quarter. 50.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of VAALCO Energy from a “hold” rating to a “buy” rating in a research report on Monday, January 20th.

VAALCO Energy Trading Down 2.1 %

NYSE:EGY opened at $4.35 on Friday. VAALCO Energy, Inc. has a 12 month low of $3.96 and a 12 month high of $7.51. The firm has a market cap of $456.66 million, a price-to-earnings ratio of 5.11 and a beta of 1.18. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average is $4.36 and its 200-day moving average is $5.26.

VAALCO Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date of this dividend is Friday, February 28th. VAALCO Energy’s dividend payout ratio is 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.