19,543 Shares in VAALCO Energy, Inc. (NYSE:EGY) Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC acquired a new stake in shares of VAALCO Energy, Inc. (NYSE:EGY) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 19,543 shares of the energy company’s stock, valued at approximately $136,000.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in VAALCO Energy by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 5,666,535 shares of the energy company’s stock valued at $24,876,000 after acquiring an additional 26,551 shares in the last quarter. American Century Companies Inc. raised its holdings in VAALCO Energy by 13.2% in the 3rd quarter. American Century Companies Inc. now owns 1,192,299 shares of the energy company’s stock worth $5,234,000 after acquiring an additional 138,810 shares during the last quarter. Franklin Resources Inc. raised its holdings in VAALCO Energy by 8.1% in the 4th quarter. Franklin Resources Inc. now owns 957,194 shares of the energy company’s stock worth $4,298,000 after acquiring an additional 71,810 shares during the last quarter. Foundry Partners LLC raised its holdings in VAALCO Energy by 65.4% in the 4th quarter. Foundry Partners LLC now owns 877,205 shares of the energy company’s stock worth $3,939,000 after acquiring an additional 347,005 shares during the last quarter. Finally, Values First Advisors Inc. raised its holdings in VAALCO Energy by 9.5% in the 4th quarter. Values First Advisors Inc. now owns 442,826 shares of the energy company’s stock worth $1,988,000 after acquiring an additional 38,296 shares during the last quarter. 50.32% of the stock is owned by institutional investors.

VAALCO Energy Stock Performance

Shares of EGY remained flat at $6.49 during midday trading on Tuesday. 578,996 shares of the company’s stock traded hands, compared to its average volume of 1,058,869. The firm has a 50 day simple moving average of $6.27 and a 200 day simple moving average of $5.45. VAALCO Energy, Inc. has a twelve month low of $3.55 and a twelve month high of $7.51. The stock has a market cap of $670.91 million, a PE ratio of 10.81 and a beta of 1.18. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.64 and a current ratio of 1.66.

VAALCO Energy (NYSE:EGY) last announced its earnings results on Tuesday, May 7th. The energy company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm had revenue of $100.16 million for the quarter, compared to analysts’ expectations of $91.23 million. VAALCO Energy had a net margin of 13.60% and a return on equity of 14.04%. Sell-side analysts predict that VAALCO Energy, Inc. will post 0.47 earnings per share for the current fiscal year.

VAALCO Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, May 17th were given a dividend of $0.063 per share. This represents a $0.25 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Thursday, May 16th. VAALCO Energy’s dividend payout ratio is 41.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EGY. Roth Mkm boosted their target price on shares of VAALCO Energy from $7.25 to $8.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. StockNews.com lowered shares of VAALCO Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 6th.

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.