Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in VAALCO Energy, Inc. (NYSE:EGY)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of VAALCO Energy, Inc. (NYSE:EGY) by 48.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,375 shares of the energy company’s stock after acquiring an additional 7,662 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in VAALCO Energy were worth $105,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of EGY. Simplicity Solutions LLC acquired a new stake in shares of VAALCO Energy in the fourth quarter valued at $52,000. Bleakley Financial Group LLC purchased a new position in shares of VAALCO Energy in the 4th quarter valued at about $52,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of VAALCO Energy by 99.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 48,156 shares of the energy company’s stock worth $216,000 after buying an additional 23,954 shares in the last quarter. Values First Advisors Inc. increased its stake in shares of VAALCO Energy by 9.5% during the fourth quarter. Values First Advisors Inc. now owns 442,826 shares of the energy company’s stock worth $1,988,000 after buying an additional 38,296 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in VAALCO Energy by 22.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 19,739 shares of the energy company’s stock valued at $89,000 after acquiring an additional 3,650 shares in the last quarter. 50.32% of the stock is currently owned by hedge funds and other institutional investors.

VAALCO Energy Stock Up 2.8 %

Shares of NYSE EGY opened at $6.22 on Friday. VAALCO Energy, Inc. has a 1 year low of $3.51 and a 1 year high of $7.51. The company has a market capitalization of $648.99 million, a price-to-earnings ratio of 11.11 and a beta of 1.32. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.79 and a quick ratio of 1.77. The business has a 50-day moving average of $6.19 and a two-hundred day moving average of $5.03.

VAALCO Energy (NYSE:EGY) last announced 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. VAALCO Energy had a net margin of 13.26% and a return on equity of 14.34%. The company had revenue of $149.15 million for the quarter, compared to analyst estimates of $130.53 million. On average, analysts forecast that VAALCO Energy, Inc. will post 0.2 earnings per share for the current fiscal year.

VAALCO Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 17th will be issued a dividend of $0.063 per share. This represents a $0.25 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Thursday, May 16th. VAALCO Energy’s payout ratio is 44.64%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of VAALCO Energy from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th.

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.