Kornitzer Capital Management Inc. KS Buys 150,175 Shares of Vaalco Energy Inc $EGY

Kornitzer Capital Management Inc. KS boosted its position in shares of Vaalco Energy Inc (NYSE:EGY) by 4.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,378,835 shares of the energy company’s stock after buying an additional 150,175 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Vaalco Energy were worth $21,422,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in Vaalco Energy by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 39,765 shares of the energy company’s stock worth $144,000 after acquiring an additional 2,885 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Vaalco Energy by 5.0% during the third quarter. Intech Investment Management LLC now owns 62,892 shares of the energy company’s stock valued at $253,000 after acquiring an additional 2,977 shares during the last quarter. GF Fund Management CO. LTD. raised its stake in shares of Vaalco Energy by 11.1% during the fourth quarter. GF Fund Management CO. LTD. now owns 31,300 shares of the energy company’s stock valued at $114,000 after acquiring an additional 3,136 shares during the last quarter. Lakewood Asset Management LLC boosted its holdings in shares of Vaalco Energy by 7.1% during the fourth quarter. Lakewood Asset Management LLC now owns 51,178 shares of the energy company’s stock worth $186,000 after purchasing an additional 3,389 shares during the period. Finally, Ausdal Financial Partners Inc. boosted its holdings in shares of Vaalco Energy by 31.1% during the second quarter. Ausdal Financial Partners Inc. now owns 15,641 shares of the energy company’s stock worth $56,000 after purchasing an additional 3,712 shares during the period. Hedge funds and other institutional investors own 50.32% of the company’s stock.

Vaalco Energy Trading Down 0.7%

Shares of NYSE:EGY traded down $0.04 on Friday, hitting $5.25. The company had a trading volume of 1,048,878 shares, compared to its average volume of 1,503,270. The firm’s 50-day simple moving average is $5.54 and its two-hundred day simple moving average is $5.26. Vaalco Energy Inc has a 1 year low of $3.36 and a 1 year high of $6.72. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $546.83 million, a price-to-earnings ratio of -3.83 and a beta of 0.09.

Vaalco Energy (NYSE:EGY) last announced its earnings results on Thursday, May 7th. The energy company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.44). Vaalco Energy had a negative net margin of 45.86% and a negative return on equity of 12.74%. The company had revenue of $62.60 million for the quarter, compared to the consensus estimate of $78.20 million. Equities analysts anticipate that Vaalco Energy Inc will post 0.11 earnings per share for the current fiscal year.

Vaalco Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, May 22nd were issued a $0.0625 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.25 annualized dividend and a yield of 4.8%. Vaalco Energy’s dividend payout ratio (DPR) is -18.25%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Zacks Research upgraded Vaalco Energy from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Weiss Ratings cut Vaalco Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen lowered Vaalco Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $7.30.

Vaalco Energy Company Profile

Vaalco Energy, Inc is an independent energy company principally engaged in the exploration, development and production of crude oil and natural gas. Headquartered in Houston, Texas, Vaalco concentrates on offshore assets in West Africa, with a strategic emphasis on maintaining and optimizing cash-flow–generating properties. Founded in the mid-1980s, the company has built its reputation by focusing on high-impact drilling prospects and extending the productive life of its core fields through targeted infill wells and enhanced recovery techniques.

The company’s primary producing asset is the Etame Marin block offshore Gabon, where Vaalco holds a majority interest and serves as operator.