Tieton Capital Management LLC Makes New $9.32 Million Investment in Vaalco Energy Inc $EGY

Tieton Capital Management LLC bought a new stake in Vaalco Energy Inc (NYSE:EGY) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,835,340 shares of the energy company’s stock, valued at approximately $9,324,000. Vaalco Energy accounts for approximately 2.7% of Tieton Capital Management LLC’s investment portfolio, making the stock its 19th largest position. Tieton Capital Management LLC owned about 1.76% of Vaalco Energy as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EGY. Kestra Advisory Services LLC acquired a new stake in shares of Vaalco Energy during the fourth quarter worth approximately $31,000. CIBC Bancorp USA Inc. acquired a new stake in shares of Vaalco Energy during the 3rd quarter valued at $44,000. Qube Research & Technologies Ltd acquired a new stake in shares of Vaalco Energy during the 3rd quarter valued at $47,000. StoneX Group Inc. purchased a new position in shares of Vaalco Energy during the 4th quarter valued at $48,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Vaalco Energy during the third quarter worth $55,000. 50.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on EGY shares. Wall Street Zen upgraded Vaalco Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Vaalco Energy in a research note on Friday, August 7th. Finally, Zacks Research upgraded Vaalco Energy from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $7.30.

Vaalco Energy Stock Up 1.5%

Vaalco Energy stock opened at $5.92 on Thursday. The company has a current ratio of 0.44, a quick ratio of 0.41 and a debt-to-equity ratio of 0.60. Vaalco Energy Inc has a 1-year low of $3.36 and a 1-year high of $6.72. The firm’s fifty day simple moving average is $5.37 and its 200-day simple moving average is $5.55. The company has a market capitalization of $622.20 million, a P/E ratio of -5.58 and a beta of 0.10.

Vaalco Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Friday, August 21st will be paid 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 dividend payout ratio is -23.58%.

Vaalco Energy 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.