Millennium Management LLC Takes $6.52 Million Position in VAALCO Energy, Inc. (NYSE:EGY)

Millennium Management LLC acquired a new stake in shares of VAALCO Energy, Inc. (NYSE:EGY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,490,850 shares of the energy company's stock, valued at approximately $6,515,000. Millennium Management LLC owned 1.42% of VAALCO Energy as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. American Century Companies Inc. grew its stake in shares of VAALCO Energy by 8.7% during the 4th quarter. American Century Companies Inc. now owns 3,901,984 shares of the energy company's stock valued at $17,052,000 after buying an additional 312,576 shares during the period. Kornitzer Capital Management Inc. KS grew its stake in shares of VAALCO Energy by 9.7% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 2,786,265 shares of the energy company's stock valued at $12,176,000 after buying an additional 247,310 shares during the period. Geode Capital Management LLC grew its stake in shares of VAALCO Energy by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,510,060 shares of the energy company's stock valued at $10,972,000 after buying an additional 16,473 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of VAALCO Energy by 51.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,468,093 shares of the energy company's stock valued at $10,784,000 after buying an additional 834,398 shares during the period. Finally, First Sabrepoint Capital Management LP grew its stake in shares of VAALCO Energy by 34.5% during the 4th quarter. First Sabrepoint Capital Management LP now owns 1,950,000 shares of the energy company's stock valued at $8,522,000 after buying an additional 500,000 shares during the period. 50.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of VAALCO Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 16th.

VAALCO Energy Stock Down 2.8%

VAALCO Energy stock traded down $0.09 during trading on Friday, reaching $3.18. 3,515,838 shares of the company's stock were exchanged, compared to its average volume of 944,651. The company's 50-day moving average is $3.42 and its two-hundred day moving average is $4.08. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.34. VAALCO Energy, Inc. has a 52-week low of $3.00 and a 52-week high of $7.43. The firm has a market cap of $330.14 million, a price-to-earnings ratio of 3.74 and a beta of 0.87.

VAALCO Energy (NYSE:EGY - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The energy company reported $0.06 earnings per share for the quarter, meeting analysts' consensus estimates of $0.06. The company had revenue of $110.33 million during the quarter, compared to analysts' expectations of $99.30 million. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. On average, analysts predict that VAALCO Energy, Inc. will post 0.43 earnings per share for the current year.

VAALCO Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 23rd will be given a $0.0625 dividend. The ex-dividend date is Friday, May 23rd. This represents a $0.25 dividend on an annualized basis and a yield of 7.86%. VAALCO Energy's payout ratio is currently 45.45%.

Insider Buying and Selling at VAALCO Energy

In other VAALCO Energy news, COO Thor Pruckl sold 10,169 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $3.95, for a total value of $40,167.55. Following the completion of the transaction, the chief operating officer now directly owns 174,992 shares of the company's stock, valued at $691,218.40. This represents a 5.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by corporate insiders.

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.