Cambridge Investment Research Advisors Inc. Has $133,000 Stake in Vaalco Energy Inc (NYSE:EGY)

Cambridge Investment Research Advisors Inc. raised its stake in Vaalco Energy Inc (NYSE:EGY) by 36.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,501 shares of the energy company’s stock after buying an additional 9,544 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Vaalco Energy were worth $133,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its position in shares of Vaalco Energy by 6.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,390,838 shares of the energy company’s stock worth $6,078,000 after purchasing an additional 90,364 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Vaalco Energy during the fourth quarter worth about $94,000. Koss Olinger Consulting LLC acquired a new stake in shares of Vaalco Energy during the fourth quarter worth about $88,000. Quantbot Technologies LP acquired a new stake in shares of Vaalco Energy during the fourth quarter worth about $60,000. Finally, Virtu Financial LLC acquired a new stake in shares of Vaalco Energy during the fourth quarter worth about $59,000. Institutional investors and hedge funds own 50.32% of the company’s stock.

Vaalco Energy Trading Down 3.5%

NYSE EGY opened at $3.78 on Tuesday. The firm has a market cap of $391.92 million, a P/E ratio of 6.86 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 1.09. The stock’s 50-day moving average is $3.59 and its 200-day moving average is $3.83. Vaalco Energy Inc has a one year low of $3.00 and a one year high of $7.43.

Vaalco Energy (NYSE:EGY) last posted its quarterly earnings data on Thursday, May 8th. The energy company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $110.33 million during the quarter, compared to the consensus estimate of $99.30 million. Vaalco Energy had a return on equity of 8.74% and a net margin of 11.97%. Sell-side analysts anticipate that Vaalco Energy Inc will post 0.43 earnings per share for the current fiscal year.

Vaalco Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.0625 per share. The ex-dividend date was Friday, May 23rd. This represents a $0.25 annualized dividend and a dividend yield of 6.62%. Vaalco Energy’s dividend payout ratio is currently 45.45%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Vaalco Energy from a “buy” rating to a “hold” rating in a research report on Friday, May 16th.

About Vaalco Energy

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.