Kornitzer Capital Management Inc. KS Acquires 247,310 Shares of VAALCO Energy, Inc. (NYSE:EGY)

Kornitzer Capital Management Inc. KS increased its stake in shares of VAALCO Energy, Inc. (NYSE:EGY - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,786,265 shares of the energy company's stock after purchasing an additional 247,310 shares during the quarter. Kornitzer Capital Management Inc. KS owned 2.65% of VAALCO Energy worth $12,176,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EGY. State Street Corp increased its position in 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 acquiring an additional 176,259 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 purchasing an additional 109,090 shares during the period. Foundry Partners LLC grew its holdings in VAALCO Energy by 156.8% during the 3rd quarter. Foundry Partners LLC now owns 1,200,474 shares of the energy company's stock valued at $6,891,000 after purchasing an additional 733,084 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in VAALCO Energy by 66.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 962,824 shares of the energy company's stock worth $5,527,000 after purchasing an additional 386,071 shares during the period. Finally, Empowered Funds LLC raised its position in VAALCO Energy by 5.1% in the 4th quarter. Empowered Funds LLC now owns 543,285 shares of the energy company's stock worth $2,374,000 after purchasing an additional 26,549 shares during the period. Hedge funds and other institutional investors own 50.32% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded VAALCO Energy from a "hold" rating to a "buy" rating in a research report on Monday, January 20th.

VAALCO Energy Trading Down 2.1 %

VAALCO Energy stock traded down $0.10 during mid-day trading on Friday, hitting $4.35. The company's stock had a trading volume of 765,576 shares, compared to its average volume of 775,573. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.34. The company has a 50 day moving average of $4.37 and a 200-day moving average of $5.27. VAALCO Energy, Inc. has a one year low of $3.96 and a one year high of $7.51. The stock has a market cap of $456.66 million, a PE ratio of 5.11 and a beta of 1.18.

VAALCO Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 5.75%. The ex-dividend date is Friday, February 28th. VAALCO Energy's dividend payout ratio is presently 29.41%.

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.