Cubist Systematic Strategies LLC Takes Position in VAALCO Energy, Inc. (EGY)
Cubist Systematic Strategies LLC acquired a new stake in VAALCO Energy, Inc. (NYSE:EGY) in the second quarter, HoldingsChannel reports. The institutional investor acquired 38,419 shares of the energy company’s stock, valued at approximately $105,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its position in shares of VAALCO Energy by 15.3% in the 2nd quarter. Renaissance Technologies LLC now owns 2,391,117 shares of the energy company’s stock valued at $6,528,000 after buying an additional 318,046 shares in the last quarter. Wilen Investment Management CORP. increased its holdings in VAALCO Energy by 28.1% during the 2nd quarter. Wilen Investment Management CORP. now owns 1,405,582 shares of the energy company’s stock worth $4,146,000 after purchasing an additional 308,400 shares in the last quarter. Ancora Advisors LLC increased its holdings in VAALCO Energy by 13.5% during the 1st quarter. Ancora Advisors LLC now owns 653,810 shares of the energy company’s stock worth $563,000 after purchasing an additional 77,719 shares in the last quarter. Alambic Investment Management L.P. bought a new position in VAALCO Energy during the 2nd quarter worth about $1,273,000. Finally, Acadian Asset Management LLC increased its holdings in VAALCO Energy by 193.5% during the 2nd quarter. Acadian Asset Management LLC now owns 455,462 shares of the energy company’s stock worth $1,243,000 after purchasing an additional 300,284 shares in the last quarter. Institutional investors and hedge funds own 43.24% of the company’s stock.
EGY stock opened at $2.40 on Friday. The stock has a market cap of $162.29 million, a price-to-earnings ratio of 7.58 and a beta of 0.59. VAALCO Energy, Inc. has a 1 year low of $0.68 and a 1 year high of $3.38.
VAALCO Energy Company Profile
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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