Verition Fund Management LLC Boosts Holdings in Indonesia Energy Co. Limited (NYSE:INDO)

Verition Fund Management LLC lifted its stake in Indonesia Energy Co. Limited (NYSE:INDO – Get Rating) by 40.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,640 shares of the company’s stock after purchasing an additional 4,189 shares during the quarter. Verition Fund Management LLC’s holdings in Indonesia Energy were worth $95,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in Indonesia Energy during the 1st quarter worth approximately $6,621,000. Jane Street Group LLC acquired a new stake in Indonesia Energy during the 1st quarter worth approximately $570,000. SG Americas Securities LLC acquired a new stake in Indonesia Energy during the 3rd quarter worth approximately $135,000. Bank of Montreal Can acquired a new stake in Indonesia Energy during the 1st quarter worth approximately $280,000. Finally, Virtu Financial LLC acquired a new stake in Indonesia Energy during the 1st quarter worth approximately $222,000. 1.60% of the stock is currently owned by institutional investors and hedge funds.

Indonesia Energy Trading Up 1.7 %

Indonesia Energy stock opened at $4.81 on Friday. Indonesia Energy Co. Limited has a 52-week low of $4.26 and a 52-week high of $38.71. The company’s 50 day moving average is $5.73 and its two-hundred day moving average is $6.24.

Indonesia Energy Company Profile

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Indonesia Energy Corporation Limited operates as an oil and gas exploration and production company in Indonesia. It holds interests in the Kruh Block, a producing block covering an area of 258 square kilometers with net crude oil proved reserves of 1.52 million barrels located to the northwest of Pendopo, Pali, South Sumatra; and the Citarum Block, an exploration block covering an area of 3,924.67 square kilometers located onshore in West Java.