VAALCO Energy, Inc. (NYSE:EGY), saw an insider raise his exposure to the club through an acquisition that was officially filed today, August 19th. Director John J. Myers Jr. purchased 17,100 shares at average prices ranging from $4.28 to $8.63 per share. Following this transaction, Myers now directly holds 85,000 shares in the company.
A $495.54 million market cap company, VAALCO Energy, Inc. (NYSE:EGY) is an independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas that owns properties and conducts a large amount of business in different Countries mostly concentrated in West Africa.
In addition, the largest hedge fund investor by a substantial margin is Jim Simons‘ Renaissance Technologies. Even though the fund reported a 18% decrease in its activity during this past quarter, Renaissance Technologies still has nearly $2.4 million shares worth approximately $16.9 million invested in VAALCO Energy, Inc. (NYSE:EGY).
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.