PEDEVCO Corp. (NYSEAMERICAN:PED – Get Rating) CAO Paul Anthony Pinkston sold 14,000 shares of PEDEVCO stock in a transaction dated Thursday, January 19th. The stock was sold at an average price of $1.07, for a total value of $14,980.00. Following the sale, the chief accounting officer now directly owns 394,000 shares of the company's stock, valued at approximately $421,580. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Paul Anthony Pinkston also recently made the following trade(s):
Get PEDEVCO alerts:- On Friday, January 13th, Paul Anthony Pinkston sold 9,000 shares of PEDEVCO stock. The stock was sold at an average price of $1.10, for a total value of $9,900.00.
PEDEVCO Price Performance
NYSEAMERICAN PED traded up $0.01 on Monday, reaching $1.09. 117,915 shares of the company's stock traded hands, compared to its average volume of 184,624. PEDEVCO Corp. has a fifty-two week low of $0.90 and a fifty-two week high of $2.44. The company has a market capitalization of $93.25 million, a PE ratio of 21.80 and a beta of 1.24.
PEDEVCO (NYSEAMERICAN:PED – Get Rating) last released its quarterly earnings data on Monday, November 14th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.02). PEDEVCO had a net margin of 14.50% and a return on equity of 4.36%. The company had revenue of $7.47 million for the quarter, compared to analysts' expectations of $8.30 million. Research analysts expect that PEDEVCO Corp. will post 0.12 earnings per share for the current year.Institutional Investors Weigh In On PEDEVCO
Several hedge funds have recently bought and sold shares of PED. Renaissance Technologies LLC increased its holdings in shares of PEDEVCO by 13.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,352,665 shares of the company's stock valued at $1,556,000 after purchasing an additional 163,162 shares in the last quarter. Vanguard Group Inc. grew its position in PEDEVCO by 2.1% during the third quarter. Vanguard Group Inc. now owns 945,769 shares of the company's stock valued at $955,000 after buying an additional 19,300 shares during the period. Virtu Financial LLC increased its holdings in PEDEVCO by 374.1% in the first quarter. Virtu Financial LLC now owns 117,202 shares of the company's stock valued at $158,000 after buying an additional 92,482 shares in the last quarter. State Street Corp increased its holdings in PEDEVCO by 69.5% in the second quarter. State Street Corp now owns 106,072 shares of the company's stock valued at $122,000 after buying an additional 43,500 shares in the last quarter. Finally, XTX Topco Ltd raised its position in shares of PEDEVCO by 44.7% in the first quarter. XTX Topco Ltd now owns 52,091 shares of the company's stock worth $70,000 after acquiring an additional 16,083 shares during the period. Hedge funds and other institutional investors own 4.80% of the company's stock.
Analysts Set New Price Targets
Separately, EF Hutton Acquisition Co. I reiterated a "buy" rating and issued a $2.40 target price on shares of PEDEVCO in a research report on Thursday, December 22nd.
PEDEVCO Company Profile
(Get Rating)
PEDEVCO Corp. engages in the acquisition, exploration, and development of oil and natural gas assets. It focuses on the operation of Permian and Denver-Julesberg Basins. The company was founded by Frank C. Ingriselli in September 2000 and is headquartered in Houston, TX.
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