Summit Global Investments Takes Position in VAALCO Energy, Inc. (NYSE:EGY)

Summit Global Investments purchased a new position in shares of VAALCO Energy, Inc. (NYSE:EGY) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 81,655 shares of the energy company’s stock, valued at approximately $469,000.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of VAALCO Energy by 2.1% during the first quarter. Vanguard Group Inc. now owns 6,024,145 shares of the energy company’s stock worth $41,988,000 after buying an additional 124,853 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its stake in VAALCO Energy by 5.0% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 2,538,955 shares of the energy company’s stock worth $14,574,000 after purchasing an additional 121,005 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in VAALCO Energy in the 1st quarter valued at about $498,000. LSV Asset Management grew its position in shares of VAALCO Energy by 1.2% during the 1st quarter. LSV Asset Management now owns 550,642 shares of the energy company’s stock worth $3,838,000 after purchasing an additional 6,666 shares in the last quarter. Finally, Inspire Investing LLC bought a new position in shares of VAALCO Energy during the third quarter worth approximately $818,000. 50.32% of the stock is currently owned by institutional investors.

VAALCO Energy Stock Up 0.2 %

NYSE EGY opened at $5.61 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.15. The company has a market cap of $581.98 million, a price-to-earnings ratio of 6.93 and a beta of 1.19. The company has a 50 day moving average of $5.78 and a 200-day moving average of $6.18. VAALCO Energy, Inc. has a 1-year low of $3.89 and a 1-year high of $7.51.

VAALCO Energy 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.