VAALCO Energy (NYSE:EGY) Shares Up 4.3% – Here’s What Happened

VAALCO Energy, Inc. (NYSE:EGY) shot up 4.3% on Tuesday . The stock traded as high as $5.88 and last traded at $5.77. 184,184 shares traded hands during trading, a decline of 81% from the average session volume of 977,162 shares. The stock had previously closed at $5.53.

VAALCO Energy Stock Performance

The company’s 50-day moving average price is $5.76 and its two-hundred day moving average price is $6.18. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.19 and a quick ratio of 1.15. The company has a market capitalization of $563.32 million, a price-to-earnings ratio of 7.01 and a beta of 1.19.

Institutional Investors Weigh In On VAALCO Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in VAALCO Energy by 7,129.3% during the second quarter. Dimensional Fund Advisors LP now owns 895,210 shares of the energy company’s stock valued at $5,613,000 after buying an additional 882,827 shares during the period. Foundry Partners LLC raised its holdings in shares of VAALCO Energy by 156.8% in the 3rd quarter. Foundry Partners LLC now owns 1,200,474 shares of the energy company’s stock worth $6,891,000 after purchasing an additional 733,084 shares during the period. American Century Companies Inc. lifted its stake in VAALCO Energy by 33.2% during the second quarter. American Century Companies Inc. now owns 2,813,832 shares of the energy company’s stock worth $17,643,000 after purchasing an additional 701,568 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of VAALCO Energy by 66.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 962,824 shares of the energy company’s stock worth $5,527,000 after purchasing an additional 386,071 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of VAALCO Energy during the 3rd quarter worth $1,676,000. 50.32% of the stock is currently owned by institutional investors.

VAALCO Energy Company Profile

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.