EntryPoint Capital LLC Invests $399,000 in VAALCO Energy, Inc. (NYSE:EGY)

EntryPoint Capital LLC purchased a new stake in shares of VAALCO Energy, Inc. (NYSE:EGY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 91,278 shares of the energy company’s stock, valued at approximately $399,000. EntryPoint Capital LLC owned 0.09% of VAALCO Energy at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Segall Bryant & Hamill LLC increased its stake in shares of VAALCO Energy by 1.0% during the fourth quarter. Segall Bryant & Hamill LLC now owns 294,929 shares of the energy company’s stock valued at $1,289,000 after buying an additional 2,875 shares during the period. Tieton Capital Management LLC raised its holdings in VAALCO Energy by 23.0% in the 4th quarter. Tieton Capital Management LLC now owns 1,805,053 shares of the energy company’s stock worth $7,888,000 after purchasing an additional 337,644 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of VAALCO Energy in the 4th quarter worth about $84,000. AXQ Capital LP bought a new position in VAALCO Energy in the fourth quarter worth $125,000. Finally, Sei Investments Co. grew its position in shares of VAALCO Energy by 10.2% in the 4th quarter. Sei Investments Co. now owns 63,518 shares of the energy company’s stock worth $278,000 after buying an additional 5,900 shares during the period. Institutional investors own 50.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of VAALCO Energy from a “hold” rating to a “buy” rating in a research note on Friday, March 14th.

Insider Transactions at VAALCO Energy

In related news, COO Thor Pruckl sold 10,169 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $3.95, for a total transaction of $40,167.55. Following the completion of the sale, the chief operating officer now owns 174,992 shares in the company, valued at approximately $691,218.40. This represents a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

VAALCO Energy Stock Down 1.0 %

Shares of VAALCO Energy stock opened at $3.84 on Wednesday. The company has a 50-day simple moving average of $4.16 and a two-hundred day simple moving average of $4.88. VAALCO Energy, Inc. has a 52-week low of $3.57 and a 52-week high of $7.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.34. The stock has a market capitalization of $398.37 million, a PE ratio of 4.52 and a beta of 1.16.

VAALCO Energy (NYSE:EGY) last released its quarterly earnings data on Thursday, March 13th. The energy company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. The business had revenue of $121.72 million for the quarter, compared to analysts’ expectations of $108.91 million. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. On average, analysts anticipate that VAALCO Energy, Inc. will post 0.43 EPS for the current fiscal year.

VAALCO Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date of this dividend is Friday, February 28th. VAALCO Energy’s payout ratio is presently 45.45%.

VAALCO Energy 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.