Segall Bryant & Hamill LLC Increases Position in VAALCO Energy, Inc. (NYSE:EGY)

Segall Bryant & Hamill LLC grew its holdings in shares of VAALCO Energy, Inc. (NYSE:EGY) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 294,929 shares of the energy company’s stock after buying an additional 2,875 shares during the quarter. Segall Bryant & Hamill LLC owned 0.28% of VAALCO Energy worth $1,289,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew 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 valued at $5,527,000 after acquiring an additional 386,071 shares during the last quarter. Tieton Capital Management LLC grew its holdings in shares of VAALCO Energy by 23.0% in the fourth quarter. Tieton Capital Management LLC now owns 1,805,053 shares of the energy company’s stock worth $7,888,000 after purchasing an additional 337,644 shares during the last quarter. American Century Companies Inc. increased its stake in VAALCO Energy by 8.7% in the 4th 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 period. Kornitzer Capital Management Inc. KS increased its stake in VAALCO Energy by 9.7% in 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 during the period. Finally, State Street Corp lifted its holdings in VAALCO Energy by 4.3% during the 3rd quarter. State Street Corp now owns 4,285,378 shares of the energy company’s stock valued at $24,598,000 after buying an additional 176,259 shares in the last quarter. 50.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Thor Pruckl sold 10,169 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $3.95, for a total value of $40,167.55. Following the completion of the transaction, the chief operating officer now owns 174,992 shares of the company’s stock, valued at $691,218.40. The trade was a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

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

VAALCO Energy Trading Down 2.9 %

Shares of NYSE EGY opened at $3.81 on Friday. VAALCO Energy, Inc. has a twelve month low of $3.57 and a twelve month high of $7.51. The firm has a market cap of $394.74 million, a PE ratio of 4.48 and a beta of 1.16. The business has a fifty day simple moving average of $4.12 and a two-hundred day simple moving average of $4.86. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.14.

VAALCO Energy (NYSE:EGY) last released its quarterly earnings data on Thursday, March 13th. The energy company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. The firm had revenue of $121.72 million during the quarter, compared to the consensus estimate of $108.91 million. Analysts expect that VAALCO Energy, Inc. will post 0.43 earnings per share for the current fiscal year.

VAALCO Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were given a $0.0625 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.25 annualized dividend and a dividend yield of 6.57%. VAALCO Energy’s payout ratio is presently 45.45%.

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.