UBS Group AG Increases Stock Position in Vaalco Energy Inc $EGY

UBS Group AG lifted its position in shares of Vaalco Energy Inc (NYSE:EGY) by 154.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,326,729 shares of the energy company’s stock after acquiring an additional 806,283 shares during the quarter. UBS Group AG’s holdings in Vaalco Energy were worth $4,829,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in shares of Vaalco Energy by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 39,765 shares of the energy company’s stock worth $144,000 after acquiring an additional 2,885 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Vaalco Energy by 5.0% during the 3rd quarter. Intech Investment Management LLC now owns 62,892 shares of the energy company’s stock worth $253,000 after acquiring an additional 2,977 shares in the last quarter. GF Fund Management CO. LTD. boosted its stake in shares of Vaalco Energy by 11.1% during the 4th quarter. GF Fund Management CO. LTD. now owns 31,300 shares of the energy company’s stock worth $114,000 after acquiring an additional 3,136 shares in the last quarter. Lakewood Asset Management LLC boosted its stake in shares of Vaalco Energy by 7.1% during the 4th quarter. Lakewood Asset Management LLC now owns 51,178 shares of the energy company’s stock worth $186,000 after acquiring an additional 3,389 shares in the last quarter. Finally, Ausdal Financial Partners Inc. boosted its stake in shares of Vaalco Energy by 31.1% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 15,641 shares of the energy company’s stock worth $56,000 after acquiring an additional 3,712 shares in the last quarter. Hedge funds and other institutional investors own 50.32% of the company’s stock.

Vaalco Energy Trading Down 0.0%

Shares of Vaalco Energy stock opened at $5.87 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.47. Vaalco Energy Inc has a 1 year low of $3.14 and a 1 year high of $6.72. The company has a market capitalization of $611.80 million, a P/E ratio of -4.28 and a beta of 0.17. The business has a 50 day moving average price of $6.01 and a 200 day moving average price of $4.83.

Vaalco Energy (NYSE:EGY) last issued its quarterly earnings data on Thursday, May 7th. The energy company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.44). Vaalco Energy had a negative return on equity of 12.74% and a negative net margin of 45.86%.The company had revenue of $62.60 million for the quarter, compared to analyst estimates of $78.20 million. Sell-side analysts anticipate that Vaalco Energy Inc will post 0.11 EPS for the current fiscal year.

Vaalco Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, May 22nd will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, May 22nd. Vaalco Energy’s payout ratio is currently -18.25%.

Analysts Set New Price Targets

EGY has been the topic of several research analyst reports. Weiss Ratings lowered Vaalco Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Zacks Research raised Vaalco Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Wall Street Zen lowered Vaalco Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. 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 stock currently has an average rating of “Reduce” and a consensus price target of $7.30.

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.