Houston American Energy (NYSE:HUSA) Shares Down 4.1% - Here's What Happened

Key Points

• Houston American Energy Corp. (NYSE:HUSA) experienced a decline of 4.1% in trading, with shares falling to a low of $10.10 before closing at $10.29.
• Recent hedge fund activity indicated mixed interest, with Jane Street Group LLC and XTX Topco Ltd increasing their stakes, while 12.18% of the company's stock is held by institutional investors.
• The company has a market capitalization of $348.23 million, with key financial ratios such as a P/E ratio of -32.16 and a healthy current ratio of 10.46.

Shares of Houston American Energy Corp. (NYSE:HUSA - Get Free Report) fell 4.1% during trading on Monday . The stock traded as low as $10.10 and last traded at $10.29. 80,262 shares were traded during trading, a decline of 88% from the average session volume of 659,511 shares. The stock had previously closed at $10.73.

Houston American Energy Trading Down 3.6%

The firm has a market capitalization of $325.22 million, a price-to-earnings ratio of -30.03 and a beta of 0.79. The firm's 50 day moving average is $11.04 and its 200 day moving average is $9.45. The company has a quick ratio of 10.46, a current ratio of 10.46 and a debt-to-equity ratio of 0.01.

Institutional Trading of Houston American Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in HUSA. Jane Street Group LLC acquired a new stake in Houston American Energy during the fourth quarter valued at approximately $35,000. Geode Capital Management LLC lifted its stake in Houston American Energy by 28.2% during the fourth quarter. Geode Capital Management LLC now owns 122,249 shares of the company's stock valued at $158,000 after purchasing an additional 26,897 shares during the last quarter. Finally, XTX Topco Ltd lifted its stake in Houston American Energy by 79.9% during the fourth quarter. XTX Topco Ltd now owns 30,809 shares of the company's stock valued at $40,000 after purchasing an additional 13,688 shares during the last quarter. 12.18% of the stock is owned by institutional investors and hedge funds.

Houston American Energy Company Profile

Houston American Energy Corp., an independent oil and gas company, engages in the acquisition, exploration, exploitation, development, and production of natural gas, crude oil, and condensate. Its principal properties are located primarily in the Texas Permian Basin, the South American country of Colombia, and the onshore Louisiana Gulf Coast region.