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PEDEVCO Corp. (NYSEAMERICAN:PED) President John Douglas Schick Sells 33,333 Shares

Defense World ·  Jan 24, 2023 08:31

PEDEVCO Corp. (NYSEAMERICAN:PED – Get Rating) President John Douglas Schick sold 33,333 shares of the company's stock in a transaction on Thursday, January 19th. The shares were sold at an average price of $1.07, for a total value of $35,666.31. Following the completion of the sale, the president now owns 570,467 shares of the company's stock, valued at $610,399.69. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

John Douglas Schick also recently made the following trade(s):

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  • On Friday, January 13th, John Douglas Schick sold 21,600 shares of PEDEVCO stock. The shares were sold at an average price of $1.10, for a total value of $23,760.00.

PEDEVCO Price Performance

NYSEAMERICAN PED opened at $1.09 on Tuesday. The firm has a market cap of $93.25 million, a PE ratio of 21.80 and a beta of 1.24. PEDEVCO Corp. has a twelve month low of $0.90 and a twelve month high of $2.44.

PEDEVCO (NYSEAMERICAN:PED – Get Rating) last released its quarterly earnings results 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). The business had revenue of $7.47 million for the quarter, compared to analysts' expectations of $8.30 million. PEDEVCO had a return on equity of 4.36% and a net margin of 14.50%. As a group, equities analysts expect that PEDEVCO Corp. will post 0.12 earnings per share for the current year.

Analysts Set New Price Targets

Separately, EF Hutton Acquisition Co. I restated a "buy" rating and issued a $2.40 target price on shares of PEDEVCO in a report on Thursday, December 22nd.

Hedge Funds Weigh In On PEDEVCO

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in 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 acquiring an additional 163,162 shares during the period. Vanguard Group Inc. raised its position in PEDEVCO by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 945,769 shares of the company's stock valued at $955,000 after purchasing an additional 19,300 shares in the last quarter. Virtu Financial LLC raised its position in PEDEVCO by 374.1% in the 1st quarter. Virtu Financial LLC now owns 117,202 shares of the company's stock valued at $158,000 after purchasing an additional 92,482 shares in the last quarter. State Street Corp raised its position in PEDEVCO by 69.5% in the 2nd quarter. State Street Corp now owns 106,072 shares of the company's stock valued at $122,000 after purchasing an additional 43,500 shares in the last quarter. Finally, XTX Topco Ltd raised its position in PEDEVCO by 44.7% in the 1st quarter. XTX Topco Ltd now owns 52,091 shares of the company's stock valued at $70,000 after purchasing an additional 16,083 shares in the last quarter. 4.80% of the stock is currently owned by hedge funds and other institutional investors.

About PEDEVCO

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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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