ProShare Advisors LLC Acquires Shares of 13,673 VAALCO Energy, Inc. (NYSE:EGY)

ProShare Advisors LLC acquired a new stake in VAALCO Energy, Inc. (NYSE:EGY – Get Rating) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 13,673 shares of the energy company’s stock, valued at approximately $62,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of Montreal Can bought a new stake in VAALCO Energy in the fourth quarter valued at approximately $55,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in VAALCO Energy in the fourth quarter valued at approximately $72,000. New York State Common Retirement Fund increased its stake in shares of VAALCO Energy by 21.9% during the fourth quarter. New York State Common Retirement Fund now owns 232,415 shares of the energy company’s stock valued at $1,060,000 after buying an additional 41,778 shares during the period. Foundry Partners LLC increased its stake in shares of VAALCO Energy by 333.7% during the fourth quarter. Foundry Partners LLC now owns 573,340 shares of the energy company’s stock valued at $2,614,000 after buying an additional 441,145 shares during the period. Finally, Annex Advisory Services LLC purchased a new position in shares of VAALCO Energy during the fourth quarter valued at approximately $294,000. Institutional investors own 31.61% of the company’s stock.

Analysts Set New Price Targets

EGY has been the topic of several research analyst reports. StockNews.com initiated coverage on VAALCO Energy in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Stifel Nicolaus initiated coverage on VAALCO Energy in a research note on Wednesday, March 1st. They set a “buy” rating on the stock. Finally, Roth Capital reissued a “buy” rating on shares of VAALCO Energy in a research note on Monday, March 6th.

VAALCO Energy Price Performance

Shares of EGY stock opened at $4.25 on Tuesday. The stock has a market cap of $456.75 million, a price-to-earnings ratio of 5.82 and a beta of 1.58. The business’s fifty day moving average is $4.43 and its 200 day moving average is $4.66. VAALCO Energy, Inc. has a twelve month low of $3.88 and a twelve month high of $8.77. The company has a quick ratio of 1.21, a current ratio of 1.23 and a debt-to-equity ratio of 0.17.

VAALCO Energy (NYSE:EGY – Get Rating) last issued its quarterly earnings results on Thursday, April 6th. The energy company reported $0.19 earnings per share for the quarter. The company had revenue of $96.59 million for the quarter. VAALCO Energy had a return on equity of 43.34% and a net margin of 14.65%. Research analysts expect that VAALCO Energy, Inc. will post 2.19 EPS for the current fiscal year.

VAALCO Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 24th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 5.88%. This is a boost from VAALCO Energy’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, March 23rd. VAALCO Energy’s dividend payout ratio is presently 34.25%.

About VAALCO Energy

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VAALCO Energy, Inc engages in the acquisition, development, and production of crude oil. It operates through the following segments: Gabon and Equatorial Guinea. The Gabon Segment focuses on the Offshore Gabon-Etame Marin Permit operation. The Equatorial Guinea segment deals with the Equatorial Guinea-Block P operation.