28,607 Shares in VAALCO Energy, Inc. (NYSE:EGY) Acquired by AXQ Capital LP

AXQ Capital LP purchased a new stake in shares of VAALCO Energy, Inc. (NYSE:EGY) during the fourth quarter, Holdings Channel.com reports. The firm purchased 28,607 shares of the energy company’s stock, valued at approximately $125,000.

Other large investors have also recently made changes to their positions in the company. Zacks Investment Management grew its holdings in shares of VAALCO Energy by 19.6% during the 3rd quarter. Zacks Investment Management now owns 15,419 shares of the energy company’s stock valued at $89,000 after purchasing an additional 2,527 shares during the last quarter. Catalina Capital Group LLC boosted its position in VAALCO Energy by 19.5% during the fourth quarter. Catalina Capital Group LLC now owns 20,334 shares of the energy company’s stock valued at $89,000 after buying an additional 3,315 shares during the period. Principal Financial Group Inc. grew its stake in shares of VAALCO Energy by 8.0% during the fourth quarter. Principal Financial Group Inc. now owns 52,895 shares of the energy company’s stock valued at $231,000 after buying an additional 3,930 shares during the last quarter. Sei Investments Co. increased its holdings in shares of VAALCO Energy by 10.2% in the fourth 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. Finally, IFP Advisors Inc bought a new stake in shares of VAALCO Energy in the 4th quarter valued at about $27,000. 50.32% of the stock is owned by hedge funds and other institutional investors.

VAALCO Energy Price Performance

Shares of VAALCO Energy stock opened at $3.89 on Tuesday. The company’s fifty day simple moving average is $4.18 and its two-hundred day simple moving average is $4.89. VAALCO Energy, Inc. has a 12-month low of $3.57 and a 12-month high of $7.51. The firm has a market cap of $403.04 million, a PE ratio of 4.57 and a beta of 1.16. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.14.

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

VAALCO Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 6.44%. The ex-dividend date is Friday, February 28th. VAALCO Energy’s payout ratio is 45.45%.

Wall Street Analyst Weigh In

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

About VAALCO Energy

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.