PEDEVCO Corp. (NYSEAMERICAN:PED – Get Rating) CEO Simon G. Kukes bought 122,580 shares of the business's stock in a transaction dated Tuesday, December 20th. The stock was acquired at an average cost of $1.11 per share, for a total transaction of $136,063.80. Following the completion of the acquisition, the chief executive officer now directly owns 5,727,566 shares in the company, valued at $6,357,598.26. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
PEDEVCO Stock Performance
Shares of PEDEVCO stock opened at $1.11 on Thursday. The firm has a market capitalization of $94.96 million, a PE ratio of 22.40 and a beta of 1.20. PEDEVCO Corp. has a 12 month low of $0.90 and a 12 month high of $2.44.
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Institutional Investors Weigh In On PEDEVCO
Several institutional investors have recently made changes to their positions in the stock. First Republic Investment Management Inc. acquired a new position in PEDEVCO in the 1st quarter valued at about $28,000. Jane Street Group LLC acquired a new position in shares of PEDEVCO during the 1st quarter valued at about $30,000. Dimensional Fund Advisors LP increased its position in PEDEVCO by 224.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 41,197 shares of the company's stock worth $56,000 after purchasing an additional 28,497 shares in the last quarter. Northern Trust Corp increased its position in PEDEVCO by 167.5% during the 2nd quarter. Northern Trust Corp now owns 42,883 shares of the company's stock worth $49,000 after purchasing an additional 26,851 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in PEDEVCO during the 2nd quarter worth approximately $58,000. 4.80% of the stock is currently owned by hedge funds and other institutional investors.
About PEDEVCO
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PEDEVCO Corp., an oil and gas company, focuses on the acquisition, development, and production of oil and natural gas assets in the United States. As of December 31, 2021, the company held approximately 32,870 net Permian Basin acres located in Chaves and Roosevelt Counties, New Mexico; and approximately 11,580 net Denver-Julesberg (D-J) Basin acres located in Weld and Morgan Counties, Colorado.
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