Tieton Capital Management LLC Cuts Holdings in VAALCO Energy, Inc. (NYSE:EGY)

Tieton Capital Management LLC decreased its position in VAALCO Energy, Inc. (NYSE:EGY) by 1.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,471,404 shares of the energy company’s stock after selling 24,415 shares during the period. VAALCO Energy comprises 5.1% of Tieton Capital Management LLC’s portfolio, making the stock its 5th biggest position. Tieton Capital Management LLC’s holdings in VAALCO Energy were worth $9,226,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of EGY. Vanguard Group Inc. increased its holdings in VAALCO Energy by 2.1% during the first quarter. Vanguard Group Inc. now owns 6,024,145 shares of the energy company’s stock worth $41,988,000 after buying an additional 124,853 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of VAALCO Energy in the 1st quarter valued at about $498,000. LSV Asset Management raised its holdings in shares of VAALCO Energy by 1.2% in the 1st quarter. LSV Asset Management now owns 550,642 shares of the energy company’s stock valued at $3,838,000 after purchasing an additional 6,666 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in VAALCO Energy by 221.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 33,782 shares of the energy company’s stock valued at $235,000 after purchasing an additional 23,288 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS grew its holdings in VAALCO Energy by 5.9% during the second quarter. Kornitzer Capital Management Inc. KS now owns 2,417,950 shares of the energy company’s stock worth $15,161,000 after purchasing an additional 134,615 shares during the period. Institutional investors own 50.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EGY. StockNews.com cut VAALCO Energy from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 6th. Roth Mkm increased their price target on VAALCO Energy from $7.25 to $8.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th.

VAALCO Energy Stock Performance

Shares of EGY stock opened at $5.72 on Tuesday. VAALCO Energy, Inc. has a 52 week low of $3.85 and a 52 week high of $7.51. The company has a market capitalization of $591.25 million, a price-to-earnings ratio of 9.53 and a beta of 1.18. The company has a 50-day simple moving average of $6.41 and a 200 day simple moving average of $6.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.15 and a current ratio of 1.19.

VAALCO Energy (NYSE:EGY) last issued its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.09. VAALCO Energy had a net margin of 17.82% and a return on equity of 16.00%. The firm had revenue of $116.78 million during the quarter, compared to the consensus estimate of $119.30 million. During the same period last year, the business posted $0.11 earnings per share. On average, sell-side analysts predict that VAALCO Energy, Inc. will post 0.59 earnings per share for the current year.

VAALCO Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.063 per share. The ex-dividend date is Friday, August 23rd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.41%. VAALCO Energy’s payout ratio is presently 41.67%.

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.