Engility Holdings Inc. (EGL) Had Two Top Executives Purchase Shares; EV Energy Partners L.P. (EVEP) and BancFirst Corporation (BANF) Witness Insider Buying

EV Energy Partners L.P. (NASDAQ:EVEP) also saw one of its top executives make a sizable purchase of securities this week. Nicholas P. Bobrowski, Vice President and Chief Financial Officer since March 2015, bought 10,000 units of common stock on Monday at prices varying from $1.91 to $1.92 per unit, which boosted his ownership to 15,199 units. EV Energy Partners is a publicly-held limited partnership that engages in the acquisition, development and production of oil and natural gas properties. The company’s oil and natural gas properties are located in the Barnett Shale, the Appalachian Basin, the San Juan Basin, Michigan, Central Texas, the Mid-Continent areas, as well as the Monroe Field and the Permian Basin.

EV Energy Partners’ total revenues for 2015 were $178.0 million, down from $339.4 million reported for 2014. Oil, natural gas and natural gas liquids revenues for 2015 declined $159.6 million year-on-year to $175.1 million. The decrease was mainly attributable to lower prices for oil, natural gas and natural gas liquids, as well as lower oil production as a result of the company’s reduced capital spending program. EV Energy Partners’ borrowing base at the end of 2015 was $625.0 million, with $265.0 million outstanding. However, the company’s senior secured credit facility was recently amended, which involved the decrease of the borrowing base from $625 million to $450 million. As a result, the company currently has more than $200 million of liquidity between its borrowing base capacity and cash on hand, which will be enough to meet short-term capital needs. EV Energy Partners had total debt of $691 million at the end of 2015, with estimated interest payments of $40.9 million during 2016. The company paid a distribution $1.575 per share in 2015, down from $2.819 in 2014 and $3.078 per share in 2013. Assuming EV Energy Partners maintains its current quarterly distribution of $0.075 per common unit, the dividend yield associated with a potential investment in the company reaches 16.39%. Shares of the company are down 87% in the past 12 months. Ken Griffin’s Citadel Advisors LLC owns 92,889 shares of EV Energy Partners L.P. (NASDAQ:EVEP) as of the end of the fourth quarter of 2015.