Kornitzer Capital Management Inc. KS Buys 121,005 Shares of VAALCO Energy, Inc. (NYSE:EGY)

Kornitzer Capital Management Inc. KS boosted its stake in shares of VAALCO Energy, Inc. (NYSE:EGY) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,538,955 shares of the energy company’s stock after buying an additional 121,005 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 2.45% of VAALCO Energy worth $14,574,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of VAALCO Energy by 2.1% in the first quarter. Vanguard Group Inc. now owns 6,024,145 shares of the energy company’s stock worth $41,988,000 after acquiring an additional 124,853 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of VAALCO Energy in the 1st quarter worth approximately $498,000. LSV Asset Management boosted its stake 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 last quarter. Inspire Investing LLC acquired a new stake in shares of VAALCO Energy during the third quarter worth $818,000. Finally, O Shaughnessy Asset Management LLC raised its stake in VAALCO Energy by 221.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 33,782 shares of the energy company’s stock worth $235,000 after buying an additional 23,288 shares during the last quarter. Institutional investors own 50.32% of the company’s stock.

VAALCO Energy Trading Down 0.4 %

EGY stock traded down $0.02 during midday trading on Thursday, hitting $5.64. The stock had a trading volume of 71,880 shares, compared to its average volume of 979,215. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.15. The firm has a market cap of $585.09 million, a P/E ratio of 6.98 and a beta of 1.19. The business has a fifty day moving average price of $5.82 and a two-hundred day moving average price of $6.20. VAALCO Energy, Inc. has a 1-year low of $3.85 and a 1-year high of $7.51.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.09. VAALCO Energy had a return on equity of 16.00% and a net margin of 17.82%. The company had revenue of $116.78 million for the quarter, compared to the consensus estimate of $119.30 million. During the same period in the previous year, the business earned $0.11 EPS. On average, sell-side analysts predict that VAALCO Energy, Inc. will post 0.5 earnings per share for the current fiscal year.

VAALCO Energy Company 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.