Kovack Advisors Inc. Increases Holdings in VAALCO Energy, Inc. (NYSE:EGY)

Kovack Advisors Inc. grew its holdings in shares of VAALCO Energy, Inc. (NYSE:EGY - Free Report) by 71.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 227,200 shares of the energy company's stock after buying an additional 94,500 shares during the quarter. Kovack Advisors Inc. owned 0.22% of VAALCO Energy worth $993,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EGY. IFP Advisors Inc bought a new position in VAALCO Energy in the 4th quarter valued at $27,000. Atria Wealth Solutions Inc. bought a new position in shares of VAALCO Energy in the fourth quarter worth about $44,000. Zacks Investment Management increased its stake in VAALCO Energy by 19.6% in the 3rd quarter. Zacks Investment Management now owns 15,419 shares of the energy company's stock worth $89,000 after buying an additional 2,527 shares during the period. Catalina Capital Group LLC lifted its holdings in VAALCO Energy by 19.5% during the 4th quarter. Catalina Capital Group LLC now owns 20,334 shares of the energy company's stock valued at $89,000 after buying an additional 3,315 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in VAALCO Energy in the 3rd quarter worth about $109,000. 50.32% of the stock is currently owned by hedge funds and other institutional investors.

VAALCO Energy Stock Down 7.0 %

NYSE:EGY traded down $0.28 during mid-day trading on Monday, reaching $3.72. The company's stock had a trading volume of 1,342,898 shares, compared to its average volume of 786,165. VAALCO Energy, Inc. has a 1 year low of $3.71 and a 1 year high of $7.51. 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 firm has a market capitalization of $390.95 million, a PE ratio of 4.38 and a beta of 1.18. The stock has a fifty day moving average of $4.33 and a 200-day moving average of $5.17.

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VAALCO Energy Dividend Announcement

The firm 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 $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date of this dividend is Friday, February 28th. VAALCO Energy's dividend payout ratio (DPR) is 29.41%.

Analysts Set New Price Targets

Separately, StockNews.com lowered VAALCO Energy from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.

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.