1,835,340 Shares in Vaalco Energy Inc $EGY Bought by Tieton Capital Management LLC

Tieton Capital Management LLC bought a new stake in Vaalco Energy Inc (NYSE:EGY) during the second quarter, according to its most recent filing with the SEC. The firm bought 1,835,340 shares of the energy company’s stock, valued at approximately $9,324,000. Vaalco Energy comprises 2.7% of Tieton Capital Management LLC’s holdings, making the stock its 19th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Vaalco Energy in the fourth quarter valued at about $1,638,000. Sei Investments Co. boosted its position in shares of Vaalco Energy by 125.9% in the first quarter. Sei Investments Co. now owns 1,214,918 shares of the energy company’s stock valued at $7,703,000 after acquiring an additional 677,176 shares during the period. North Star Investment Management Corp. grew its stake in shares of Vaalco Energy by 159.4% in the first quarter. North Star Investment Management Corp. now owns 275,000 shares of the energy company’s stock worth $1,744,000 after acquiring an additional 169,000 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Vaalco Energy by 10.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,028,909 shares of the energy company’s stock worth $25,545,000 after acquiring an additional 389,058 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Vaalco Energy during the first quarter worth $1,043,000. Institutional investors and hedge funds own 50.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EGY. Zacks Research raised shares of Vaalco Energy from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Wall Street Zen raised shares of Vaalco Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Vaalco Energy in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Vaalco Energy presently has an average rating of “Reduce” and an average price target of $7.30.

Vaalco Energy Stock Up 1.5%

Shares of EGY stock opened at $5.92 on Thursday. The stock has a market cap of $622.20 million, a P/E ratio of -5.58 and a beta of 0.10. Vaalco Energy Inc has a one year low of $3.36 and a one year high of $6.72. The stock has a fifty day moving average price of $5.37 and a 200 day moving average price of $5.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.44 and a quick ratio of 0.41.

Vaalco Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Friday, August 21st will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, August 21st. Vaalco Energy’s payout ratio is -23.58%.

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.