Quadrature Capital Ltd Invests $394,000 in VAALCO Energy, Inc. (NYSE:EGY)

Quadrature Capital Ltd acquired a new stake in VAALCO Energy, Inc. (NYSE:EGY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 87,821 shares of the energy company’s stock, valued at approximately $394,000. Quadrature Capital Ltd owned about 0.09% of VAALCO Energy at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new stake in VAALCO Energy in the 3rd quarter valued at about $38,000. Simplicity Solutions LLC purchased a new position in shares of VAALCO Energy during the 4th quarter worth about $52,000. Bleakley Financial Group LLC purchased a new position in shares of VAALCO Energy during the 4th quarter worth about $52,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of VAALCO Energy by 22.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 19,739 shares of the energy company’s stock worth $89,000 after acquiring an additional 3,650 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of VAALCO Energy by 48.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,375 shares of the energy company’s stock worth $105,000 after acquiring an additional 7,662 shares during the period. 50.32% of the stock is owned by institutional investors and hedge funds.

VAALCO Energy Trading Up 2.5 %

EGY opened at $6.48 on Tuesday. VAALCO Energy, Inc. has a 52-week low of $3.55 and a 52-week high of $7.51. The company has a quick ratio of 1.64, a current ratio of 1.66 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $670.42 million, a P/E ratio of 10.80 and a beta of 1.18. The firm’s 50 day moving average is $6.28 and its 200-day moving average is $5.43.

VAALCO Energy (NYSE:EGY) last released its quarterly earnings results on Tuesday, May 7th. The energy company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. VAALCO Energy had a net margin of 13.60% and a return on equity of 14.04%. The business had revenue of $100.16 million during the quarter, compared to the consensus estimate of $91.23 million. Analysts expect that VAALCO Energy, Inc. will post 0.47 EPS for the current fiscal year.

VAALCO Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, May 17th were given a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date was Thursday, May 16th. VAALCO Energy’s payout ratio is currently 41.67%.

Wall Street Analyst Weigh In

Several research firms recently commented on EGY. StockNews.com lowered shares of VAALCO Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 6th. Roth Mkm lifted their price objective on shares of VAALCO Energy from $7.25 to $8.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th.

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.