Kornitzer Capital Management Inc. KS Increases Stake in VAALCO Energy, Inc. (NYSE:EGY)

Kornitzer Capital Management Inc. KS boosted its stake in VAALCO Energy, Inc. (NYSE:EGY) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm 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 about 2.65% of VAALCO Energy worth $12,176,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its holdings in shares of VAALCO Energy by 8.0% during the 4th quarter. Principal Financial Group Inc. now owns 52,895 shares of the energy company’s stock worth $231,000 after buying an additional 3,930 shares during the last quarter. Empowered Funds LLC increased its stake in VAALCO Energy by 5.1% during the fourth quarter. Empowered Funds LLC now owns 543,285 shares of the energy company’s stock worth $2,374,000 after acquiring an additional 26,549 shares during the last quarter. Catalina Capital Group LLC raised its holdings in shares of VAALCO Energy by 19.5% in the 4th quarter. Catalina Capital Group LLC now owns 20,334 shares of the energy company’s stock worth $89,000 after purchasing an additional 3,315 shares during the period. Heck Capital Advisors LLC purchased a new stake in shares of VAALCO Energy during the 4th quarter worth about $226,000. Finally, SG Americas Securities LLC increased its position in VAALCO Energy by 46.2% during the 4th quarter. SG Americas Securities LLC now owns 28,289 shares of the energy company’s stock worth $124,000 after purchasing an additional 8,937 shares in the last quarter. Institutional investors and hedge funds own 50.32% of the company’s stock.

Analysts Set New Price Targets

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

VAALCO Energy Trading Up 1.5 %

Shares of EGY opened at $4.36 on Tuesday. VAALCO Energy, Inc. has a 12 month low of $3.96 and a 12 month high of $7.51. The stock’s 50-day moving average is $4.41 and its two-hundred day moving average is $5.31. 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 stock has a market cap of $457.71 million, a PE ratio of 5.12 and a beta of 1.18.

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.