Universal Beteiligungs und Servicegesellschaft mbH Invests $1.64 Million in Vaalco Energy Inc $EGY

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Vaalco Energy Inc (NYSE:EGY) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 450,000 shares of the energy company’s stock, valued at approximately $1,638,000.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC increased its position in Vaalco Energy by 91.1% during the 3rd quarter. CWM LLC now owns 8,469 shares of the energy company’s stock worth $34,000 after purchasing an additional 4,038 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in Vaalco Energy during the 3rd quarter worth approximately $41,000. CIBC Bancorp USA Inc. acquired a new position in Vaalco Energy during the 3rd quarter worth approximately $44,000. Caprock Group LLC acquired a new position in Vaalco Energy during the 3rd quarter worth approximately $44,000. Finally, Qube Research & Technologies Ltd acquired a new position in Vaalco Energy during the 3rd quarter worth approximately $47,000. 50.32% of the stock is currently owned by institutional investors and hedge funds.

Vaalco Energy Trading Down 1.4%

Shares of NYSE EGY opened at $6.48 on Friday. Vaalco Energy Inc has a 52-week low of $3.14 and a 52-week high of $6.72. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.68 and a current ratio of 0.69. The firm has a 50 day moving average price of $5.80 and a two-hundred day moving average price of $4.63. The stock has a market cap of $693.00 million, a P/E ratio of -16.19 and a beta of 0.17.

Vaalco Energy (NYSE:EGY) last posted its quarterly earnings data on Thursday, March 12th. The energy company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). Vaalco Energy had a negative return on equity of 0.81% and a negative net margin of 11.52%.The firm had revenue of $91.04 million for the quarter, compared to analyst estimates of $76.30 million. As a group, equities analysts forecast that Vaalco Energy Inc will post 0.13 EPS for the current year.

Vaalco Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, February 27th were given a dividend of $0.0625 per share. The ex-dividend date was Friday, February 27th. This represents a $0.25 annualized dividend and a dividend yield of 3.9%. Vaalco Energy’s dividend payout ratio is -62.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EGY shares. Zacks Research cut shares of Vaalco Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 4th. Wall Street Zen upgraded shares of Vaalco Energy from a “sell” rating to a “hold” rating in a research report on Sunday, January 18th. Weiss Ratings upgraded shares of Vaalco Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, January 13th. Finally, Loop Capital set a $7.30 price target on shares of Vaalco Energy in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Vaalco Energy presently has an average rating of “Reduce” and a consensus price target of $7.30.

Vaalco Energy Company 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.