VAALCO Energy, Inc. (NYSE:EGY) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.03 and traded as high as $4.11. VAALCO Energy shares last traded at $4.10, with a volume of 435,337 shares changing hands.
Separately, Zacks Investment Research lowered VAALCO Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 21st.
The business has a 50 day simple moving average of $3.41 and a 200-day simple moving average of $3.03. The stock has a market capitalization of $243.39 million, a price-to-earnings ratio of 5.54 and a beta of 2.27.
In other news, Director Bradley Louis Radoff sold 600,000 shares of VAALCO Energy stock in a transaction dated Wednesday, November 10th. The stock was sold at an average price of $4.02, for a total value of $2,412,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders sold a total of 879,437 shares of company stock worth $3,487,838 over the last ninety days. Corporate insiders own 4.20% of the company’s stock.
Several large investors have recently made changes to their positions in EGY. Wilen Investment Management CORP. raised its holdings in shares of VAALCO Energy by 6.6% during the 2nd quarter. Wilen Investment Management CORP. now owns 2,877,942 shares of the energy company’s stock valued at $9,209,000 after buying an additional 179,007 shares during the period. State Street Corp raised its holdings in shares of VAALCO Energy by 642.1% during the 2nd quarter. State Street Corp now owns 204,501 shares of the energy company’s stock valued at $665,000 after buying an additional 176,943 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of VAALCO Energy by 62.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 320,922 shares of the energy company’s stock valued at $944,000 after buying an additional 122,823 shares during the period. Financial Consulate Inc. purchased a new stake in shares of VAALCO Energy during the 3rd quarter valued at about $168,000. Finally, HighVista Strategies LLC purchased a new stake in shares of VAALCO Energy during the 3rd quarter valued at about $122,000. Institutional investors and hedge funds own 38.15% of the company’s stock.
About VAALCO Energy (NYSE:EGY)
VAALCO Energy, Inc engages in the acquisition, development, and production of crude oil. It operates through the following segments: Gabon and Equatorial Guinea. The Gabon Segment focuses on the Offshore Gabon-Etame Marin Permit operation. The Equatorial Guinea segment deals with the Equatorial Guinea-Block P operation.
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