Bank of New York Mellon Corp Grows Position in VAALCO Energy, Inc. (NYSE:EGY)

Bank of New York Mellon Corp grew its position in shares of VAALCO Energy, Inc. (NYSE:EGY - Free Report) by 6.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,390,838 shares of the energy company's stock after acquiring an additional 90,364 shares during the quarter. Bank of New York Mellon Corp owned 1.32% of VAALCO Energy worth $6,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in EGY. State Street Corp lifted its position in shares of VAALCO Energy by 4.3% during the third quarter. State Street Corp now owns 4,285,378 shares of the energy company's stock valued at $24,598,000 after purchasing an additional 176,259 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its position in shares of 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 worth $12,176,000 after buying an additional 247,310 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of VAALCO Energy by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,493,587 shares of the energy company's stock worth $14,316,000 after buying an additional 109,090 shares in the last quarter. Foundry Partners LLC boosted its stake in shares of VAALCO Energy by 156.8% in the 3rd 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 last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings 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 valued at $5,527,000 after acquiring an additional 386,071 shares in the last quarter. Institutional investors own 50.32% of the company's stock.

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VAALCO Energy Stock Performance

EGY stock traded down $0.08 during mid-day trading on Thursday, hitting $3.96. The company had a trading volume of 554,752 shares, compared to its average volume of 968,714. The stock's fifty day moving average price is $4.22 and its two-hundred day moving average price is $4.94. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.34. VAALCO Energy, Inc. has a 12 month low of $3.57 and a 12 month high of $7.51. The firm has a market cap of $415.65 million, a PE ratio of 4.65 and a beta of 1.16.

VAALCO Energy (NYSE:EGY - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The energy company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. The business had revenue of $121.72 million for the quarter, compared to analysts' expectations of $108.91 million. On average, analysts forecast that VAALCO Energy, Inc. will post 0.43 earnings per share for the current fiscal year.

VAALCO Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a dividend of $0.0625 per share. The ex-dividend date is Friday, February 28th. This represents a $0.25 annualized dividend and a yield of 6.32%. VAALCO Energy's dividend payout ratio is currently 45.45%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised VAALCO Energy from a "hold" rating to a "buy" rating in a research report on Friday, March 14th.

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.