EntryPoint Capital LLC Buys New Stake in VAALCO Energy, Inc. (NYSE:EGY)

EntryPoint Capital LLC purchased a new position in VAALCO Energy, Inc. (NYSE:EGY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 91,278 shares of the energy company's stock, valued at approximately $399,000. EntryPoint Capital LLC owned approximately 0.09% of VAALCO Energy at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of VAALCO Energy by 66.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 962,824 shares of the energy company's stock valued at $5,527,000 after purchasing an additional 386,071 shares during the last quarter. Tieton Capital Management LLC raised its holdings in VAALCO Energy by 23.0% during the 4th quarter. Tieton Capital Management LLC now owns 1,805,053 shares of the energy company's stock valued at $7,888,000 after buying an additional 337,644 shares during the period. American Century Companies Inc. lifted its position in VAALCO Energy by 8.7% in the fourth quarter. American Century Companies Inc. now owns 3,901,984 shares of the energy company's stock worth $17,052,000 after buying an additional 312,576 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its stake in VAALCO Energy by 9.7% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 2,786,265 shares of the energy company's stock worth $12,176,000 after buying an additional 247,310 shares during the period. Finally, State Street Corp increased its position in VAALCO Energy by 4.3% during the third quarter. State Street Corp now owns 4,285,378 shares of the energy company's stock valued at $24,598,000 after acquiring an additional 176,259 shares during the last quarter. 50.32% of the stock is owned by institutional investors.

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VAALCO Energy Trading Down 2.9 %

Shares of NYSE EGY traded down $0.12 during trading hours on Friday, reaching $3.81. The stock had a trading volume of 1,004,175 shares, compared to its average volume of 966,868. The business's fifty day moving average price is $4.12 and its two-hundred day moving average price is $4.85. The firm has a market cap of $394.74 million, a price-to-earnings ratio of 4.48 and a beta of 1.16. VAALCO Energy, Inc. has a 52-week low of $3.57 and a 52-week high of $7.51. The company has a current ratio of 1.34, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14.

VAALCO Energy (NYSE:EGY - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The energy company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. The business had revenue of $121.72 million for the quarter, compared to the consensus estimate of $108.91 million. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. Analysts expect that VAALCO Energy, Inc. will post 0.43 EPS for the current fiscal year.

VAALCO Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date was Friday, February 28th. VAALCO Energy's dividend payout ratio (DPR) is presently 45.45%.

Insider Activity at VAALCO Energy

In related news, COO Thor Pruckl sold 10,169 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $3.95, for a total value of $40,167.55. Following the sale, the chief operating officer now owns 174,992 shares in the company, valued at $691,218.40. This represents a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of VAALCO Energy from a "hold" rating to a "buy" rating in a report on Friday, March 14th.

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.