79,898 Shares in VAALCO Energy, Inc. (NYSE:EGY) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in shares of VAALCO Energy, Inc. (NYSE:EGY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 79,898 shares of the energy company’s stock, valued at approximately $349,000. Dynamic Technology Lab Private Ltd owned approximately 0.08% of VAALCO Energy at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in EGY. State Street Corp grew its position in shares of VAALCO Energy by 4.3% in the third quarter. State Street Corp now owns 4,285,378 shares of the energy company’s stock valued at $24,598,000 after purchasing an additional 176,259 shares during the last quarter. American Century Companies Inc. grew its position in shares of VAALCO Energy by 8.7% in the fourth quarter. American Century Companies Inc. now owns 3,901,984 shares of the energy company’s stock valued at $17,052,000 after purchasing an additional 312,576 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its position in shares of 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 purchasing an additional 247,310 shares during the last quarter. Geode Capital Management LLC grew its position in shares of VAALCO Energy by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,510,060 shares of the energy company’s stock valued at $10,972,000 after purchasing an additional 16,473 shares during the last quarter. Finally, Tieton Capital Management LLC grew its position 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 valued at $7,888,000 after purchasing an additional 337,644 shares during the last quarter. Hedge funds and other institutional investors own 50.32% of the company’s stock.

VAALCO Energy Stock Performance

Shares of EGY opened at $3.43 on Thursday. 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 market capitalization of $355.84 million, a price-to-earnings ratio of 4.04 and a beta of 0.75. The company’s 50 day simple moving average is $3.95 and its 200 day simple moving average is $4.70. VAALCO Energy, Inc. has a 1 year low of $3.00 and a 1 year high of $7.43.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings data on Thursday, March 13th. The energy company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. The business had revenue of $121.72 million for 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%. On average, sell-side analysts predict that VAALCO Energy, Inc. will post 0.43 EPS for the current year.

VAALCO Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 7.29%. The ex-dividend date of this dividend was Friday, February 28th. VAALCO Energy’s payout ratio is 45.45%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of VAALCO Energy from a “buy” rating to a “hold” rating in a research report on Tuesday.

Insider Activity at VAALCO Energy

In other VAALCO Energy news, COO Thor Pruckl sold 10,169 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $3.95, for a total transaction of $40,167.55. Following the transaction, the chief operating officer now owns 174,992 shares of the company’s stock, valued at $691,218.40. This trade represents a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

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.