Tieton Capital Management LLC Acquires 337,644 Shares of VAALCO Energy, Inc. (NYSE:EGY)

Tieton Capital Management LLC increased its position in shares of VAALCO Energy, Inc. (NYSE:EGY - Free Report) by 23.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,805,053 shares of the energy company's stock after buying an additional 337,644 shares during the quarter. VAALCO Energy accounts for about 3.2% of Tieton Capital Management LLC's portfolio, making the stock its 16th biggest holding. Tieton Capital Management LLC owned about 1.72% of VAALCO Energy worth $7,888,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in shares of VAALCO Energy by 66.9% during 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 last quarter. American Century Companies Inc. increased its holdings in VAALCO Energy by 8.7% during the fourth quarter. American Century Companies Inc. now owns 3,901,984 shares of the energy company's stock worth $17,052,000 after buying an additional 312,576 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in VAALCO Energy during the third quarter worth $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 grew its position in shares of VAALCO Energy by 4.3% in the 3rd 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 period. Institutional investors and hedge funds own 50.32% of the company's stock.

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VAALCO Energy Price Performance

NYSE:EGY traded down $0.04 during trading hours on Tuesday, reaching $3.84. 1,186,812 shares of the company were exchanged, compared to its average volume of 953,259. The business has a 50 day moving average of $4.18 and a 200 day moving average of $4.89. VAALCO Energy, Inc. has a 1-year low of $3.57 and a 1-year high of $7.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.34 and a quick ratio of 1.32. The company has a market capitalization of $398.37 million, a P/E ratio of 4.52 and a beta of 1.16.

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

VAALCO Energy Dividend Announcement

The firm 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 6.51%. The ex-dividend date of this dividend is Friday, February 28th. VAALCO Energy's payout ratio is currently 45.45%.

Analyst Ratings Changes

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

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.