Koss Olinger Consulting LLC Purchases New Position in VAALCO Energy, Inc. (NYSE:EGY)

Koss Olinger Consulting LLC acquired a new position in shares of VAALCO Energy, Inc. (NYSE:EGY) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 20,145 shares of the energy company’s stock, valued at approximately $88,000.

Several other large investors also recently bought and sold shares of EGY. IFP Advisors Inc purchased a new stake in VAALCO Energy during the 4th quarter worth approximately $27,000. Atria Wealth Solutions Inc. purchased a new stake in VAALCO Energy during the 4th quarter worth approximately $44,000. Zacks Investment Management increased its stake in VAALCO Energy by 19.6% during the 3rd quarter. Zacks Investment Management now owns 15,419 shares of the energy company’s stock worth $89,000 after buying an additional 2,527 shares in the last quarter. Catalina Capital Group LLC increased its stake in VAALCO Energy by 19.5% during the 4th quarter. Catalina Capital Group LLC now owns 20,334 shares of the energy company’s stock worth $89,000 after buying an additional 3,315 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in VAALCO Energy during the 4th quarter worth approximately $94,000. 50.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

VAALCO Energy Trading Down 1.3 %

Shares of VAALCO Energy stock opened at $4.03 on Thursday. The stock has a market cap of $423.01 million, a P/E ratio of 4.74 and a beta of 1.16. The stock’s 50 day simple moving average is $4.22 and its 200-day simple moving average is $4.94. VAALCO Energy, Inc. has a 1-year low of $3.57 and a 1-year high of $7.51. 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 issued its earnings results on Thursday, March 13th. The energy company reported $0.07 earnings per share for the quarter, topping 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%. Analysts predict that VAALCO Energy, Inc. will post 0.43 EPS for the current fiscal year.

VAALCO Energy Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 6.21%. The ex-dividend date of this dividend is Friday, February 28th. VAALCO Energy’s dividend payout ratio is currently 45.45%.

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.