Tieton Capital Management LLC Raises Position in VAALCO Energy, Inc. (NYSE:EGY)

Tieton Capital Management LLC boosted its stake in VAALCO Energy, Inc. (NYSE:EGY) by 23.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,805,053 shares of the energy company’s stock after buying an additional 337,644 shares during the period. VAALCO Energy accounts for approximately 3.2% of Tieton Capital Management LLC’s portfolio, making the stock its 16th largest position. Tieton Capital Management LLC’s holdings in VAALCO Energy were worth $7,888,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. KLP Kapitalforvaltning AS purchased a new stake in VAALCO Energy in the fourth quarter worth about $84,000. AXQ Capital LP purchased a new stake in VAALCO Energy in the fourth quarter worth about $125,000. Sei Investments Co. lifted its holdings in VAALCO Energy by 10.2% in the fourth quarter. Sei Investments Co. now owns 63,518 shares of the energy company’s stock worth $278,000 after buying an additional 5,900 shares during the period. American Century Companies Inc. increased its stake in shares of 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 valued at $17,052,000 after purchasing an additional 312,576 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of VAALCO Energy during the fourth quarter valued at approximately $59,000. 50.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

VAALCO Energy Price Performance

Shares of NYSE EGY opened at $3.88 on Monday. VAALCO Energy, Inc. has a fifty-two week low of $3.57 and a fifty-two week high of $7.51. The company has a 50 day simple moving average of $4.20 and a two-hundred day simple moving average of $4.91. The company has a market capitalization of $402.00 million, a price-to-earnings ratio of 4.56 and a beta of 1.16. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.34.

VAALCO Energy (NYSE:EGY) last announced its earnings results on Thursday, March 13th. The energy company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. The business 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 EPS for the current fiscal year.

VAALCO Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 6.45%. The ex-dividend date of this dividend is Friday, February 28th. VAALCO Energy’s dividend payout ratio (DPR) is currently 45.45%.

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.