Tieton Capital Management LLC Purchases 337,644 Shares of VAALCO Energy, Inc. (NYSE:EGY)

Tieton Capital Management LLC boosted its position in VAALCO Energy, Inc. (NYSE:EGY) by 23.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,805,053 shares of the energy company’s stock after acquiring an additional 337,644 shares during the quarter. VAALCO Energy accounts for approximately 3.2% of Tieton Capital Management LLC’s portfolio, making the stock its 16th largest holding. Tieton Capital Management LLC owned about 1.72% of VAALCO Energy worth $7,888,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc purchased a new stake in VAALCO Energy during the fourth quarter valued at about $27,000. Atria Wealth Solutions Inc. purchased a new stake in VAALCO Energy during the fourth quarter valued at about $44,000. Virtu Financial LLC purchased a new stake in VAALCO Energy during the fourth quarter valued at about $59,000. Quantbot Technologies LP purchased a new stake in VAALCO Energy during the fourth quarter valued at about $60,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in VAALCO Energy during the fourth quarter valued at about $84,000. Institutional investors own 50.32% of the company’s stock.

VAALCO Energy Stock Performance

NYSE EGY opened at $3.88 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.14. The company has a 50-day simple moving average of $4.20 and a two-hundred day simple moving average of $4.91. The firm has a market cap of $402.00 million, a price-to-earnings ratio of 4.56 and a beta of 1.16. VAALCO Energy, Inc. has a 12-month low of $3.57 and a 12-month high of $7.51.

VAALCO Energy (NYSE:EGY) last posted its earnings results on Thursday, March 13th. The energy company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The company had revenue of $121.72 million during the quarter, compared to analyst estimates of $108.91 million. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. On average, equities analysts forecast that VAALCO Energy, Inc. will post 0.43 EPS for the current year.

VAALCO Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.