Raymond James Financial Services Advisors Inc. Grows Stock Holdings in VAALCO Energy, Inc. (NYSE:EGY)

Raymond James Financial Services Advisors Inc. grew its holdings in VAALCO Energy, Inc. (NYSE:EGY) by 22.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,739 shares of the energy company’s stock after purchasing an additional 3,650 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in VAALCO Energy were worth $89,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of EGY. National Bank of Canada FI lifted its stake in VAALCO Energy by 491.7% in the 3rd quarter. National Bank of Canada FI now owns 59,169 shares of the energy company’s stock worth $245,000 after purchasing an additional 49,169 shares in the last quarter. SG Americas Securities LLC purchased a new position in VAALCO Energy in the 3rd quarter worth approximately $196,000. Yorktown Management & Research Co Inc lifted its stake in VAALCO Energy by 56.9% in the 3rd quarter. Yorktown Management & Research Co Inc now owns 80,000 shares of the energy company’s stock worth $351,000 after purchasing an additional 29,000 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its position in shares of VAALCO Energy by 3.8% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 2,196,895 shares of the energy company’s stock valued at $9,644,000 after buying an additional 79,755 shares during the period. Finally, Annex Advisory Services LLC raised its position in shares of VAALCO Energy by 27.5% during the 3rd quarter. Annex Advisory Services LLC now owns 140,053 shares of the energy company’s stock valued at $615,000 after buying an additional 30,220 shares during the period. 50.32% of the stock is owned by hedge funds and other institutional investors.

VAALCO Energy Stock Down 0.4 %

EGY stock opened at $6.43 on Friday. The firm has a market cap of $663.51 million, a PE ratio of 11.47 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.77 and a current ratio of 1.79. The firm’s 50 day moving average price is $5.79 and its 200-day moving average price is $4.89. VAALCO Energy, Inc. has a one year low of $3.51 and a one year high of $7.51.

VAALCO Energy (NYSE:EGY) last released its quarterly earnings results on Wednesday, March 13th. The energy company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.15 by $0.22. The firm had revenue of $149.15 million for the quarter, compared to analyst estimates of $130.53 million. VAALCO Energy had a net margin of 13.26% and a return on equity of 14.34%. On average, equities research analysts anticipate that VAALCO Energy, Inc. will post 0.2 EPS for the current year.

VAALCO Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were issued a $0.063 dividend. This represents a $0.25 annualized dividend and a yield of 3.92%. The ex-dividend date was Thursday, March 7th. This is an increase from VAALCO Energy’s previous quarterly dividend of $0.06. VAALCO Energy’s dividend payout ratio (DPR) is 44.64%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of VAALCO Energy from a “strong-buy” rating to a “buy” rating in a research report on Friday.

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.