Virtu Financial LLC grew its position in shares of VAALCO Energy, Inc. (NYSE:EGY) by 298.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 75,995 shares of the energy company’s stock after acquiring an additional 56,926 shares during the period. Virtu Financial LLC owned about 0.13% of VAALCO Energy worth $170,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of EGY. Comprehensive Portfolio Management LLC lifted its holdings in shares of VAALCO Energy by 60.3% during the 1st quarter. Comprehensive Portfolio Management LLC now owns 19,781 shares of the energy company’s stock valued at $44,000 after buying an additional 7,441 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of VAALCO Energy in the 4th quarter worth $74,000. Millennium Management LLC increased its stake in shares of VAALCO Energy by 30.0% in the 4th quarter. Millennium Management LLC now owns 58,620 shares of the energy company’s stock worth $86,000 after purchasing an additional 13,526 shares in the last quarter. Tibra Equities Europe Ltd purchased a new stake in shares of VAALCO Energy in the 1st quarter worth $217,000. Finally, First Trust Advisors LP increased its stake in shares of VAALCO Energy by 18.9% in the 4th quarter. First Trust Advisors LP now owns 100,879 shares of the energy company’s stock worth $148,000 after purchasing an additional 16,006 shares in the last quarter. Hedge funds and other institutional investors own 43.54% of the company’s stock.
Shares of NYSE:EGY traded down $0.05 during midday trading on Wednesday, hitting $1.71. The company had a trading volume of 446,800 shares, compared to its average volume of 330,233. VAALCO Energy, Inc. has a 12-month low of $1.22 and a 12-month high of $3.38. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.43 and a quick ratio of 1.41. The firm has a market capitalization of $106.44 million, a price-to-earnings ratio of 2.51 and a beta of 1.11.
VAALCO Energy (NYSE:EGY) last issued its quarterly earnings results on Wednesday, March 6th. The energy company reported $0.32 earnings per share (EPS) for the quarter. VAALCO Energy had a return on equity of 49.61% and a net margin of 98.98%. The business had revenue of $27.61 million during the quarter.
In other VAALCO Energy news, Director Alfred John Jr. Knapp purchased 20,000 shares of the business’s stock in a transaction on Friday, May 17th. The stock was acquired at an average price of $1.80 per share, for a total transaction of $36,000.00. Following the purchase, the director now owns 428,446 shares of the company’s stock, valued at approximately $771,202.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired a total of 142,459 shares of company stock valued at $242,233 in the last quarter. 4.80% of the stock is currently owned by company insiders.
About VAALCO Energy
VAALCO Energy, Inc, an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The company holds Etame production sharing contract related to the Etame Marin block located offshore the Republic of Gabon in West Africa. It also owns interests in an undeveloped block offshore Equatorial Guinea, West Africa.
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