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

Kornitzer Capital Management Inc. KS increased its position in shares of VAALCO Energy, Inc. (NYSE:EGY) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. 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’s holdings in VAALCO Energy were worth $14,574,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EGY. Gladius Capital Management LP acquired a new position in shares of VAALCO Energy during the second quarter worth approximately $28,000. Innealta Capital LLC acquired a new position in VAALCO Energy during the second quarter worth $60,000. nVerses Capital LLC bought a new position in shares of VAALCO Energy in the third quarter valued at $60,000. Crestmont Private Wealth LLC acquired a new position in shares of VAALCO Energy during the third quarter valued at about $63,000. Finally, Arkadios Wealth Advisors bought a new stake in shares of VAALCO Energy during the second quarter worth about $64,000. Institutional investors own 50.32% of the company’s stock.

VAALCO Energy Stock Down 0.4 %

Shares of EGY traded down $0.02 on Thursday, reaching $5.64. The company’s stock had a trading volume of 71,880 shares, compared to its average volume of 979,215. VAALCO Energy, Inc. has a twelve month low of $3.85 and a twelve month high of $7.51. The stock has a market capitalization of $585.09 million, a PE ratio of 6.98 and a beta of 1.19. 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 fifty day moving average of $5.82 and a 200-day moving average of $6.20.

VAALCO Energy (NYSE:EGY) last issued its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.13 by $0.09. The firm had revenue of $116.78 million during the quarter, compared to the consensus estimate of $119.30 million. VAALCO Energy had a return on equity of 16.00% and a net margin of 17.82%. During the same period in the prior year, the business posted $0.11 earnings per share. Equities analysts predict that VAALCO Energy, Inc. will post 0.5 EPS for the current 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.