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

EntryPoint Capital LLC acquired a new position in shares of VAALCO Energy, Inc. (NYSE:EGY) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 91,278 shares of the energy company’s stock, valued at approximately $399,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFP Advisors Inc purchased a new position in VAALCO Energy during the fourth quarter worth $27,000. Atria Wealth Solutions Inc. purchased a new position in shares of VAALCO Energy during the 4th quarter worth about $44,000. Virtu Financial LLC purchased a new position in shares of VAALCO Energy during the 4th quarter worth about $59,000. Quantbot Technologies LP bought a new position in VAALCO Energy during the 4th quarter valued at about $60,000. Finally, KLP Kapitalforvaltning AS bought a new stake in VAALCO Energy in the fourth quarter worth about $84,000. Hedge funds and other institutional investors own 50.32% of the company’s stock.

VAALCO Energy Trading Down 1.0 %

EGY stock opened at $3.84 on Wednesday. VAALCO Energy, Inc. has a 12 month low of $3.57 and a 12 month high of $7.51. The firm’s 50-day moving average is $4.16 and its 200 day moving average is $4.88. The company has a market capitalization of $398.37 million, a PE ratio of 4.52 and a beta of 1.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.34 and a quick ratio of 1.32.

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

VAALCO Energy Announces Dividend

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 $0.0625 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 6.51%. VAALCO Energy’s dividend payout ratio is presently 45.45%.

Insider Activity

In related news, COO Thor Pruckl sold 10,169 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $3.95, for a total transaction of $40,167.55. Following the sale, the chief operating officer now owns 174,992 shares of the company’s stock, valued at $691,218.40. This trade represents a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.