PEDEVCO Corp. (NYSEAMERICAN:PED) CAO Paul Anthony Pinkston Sells 14,000 Shares of Stock

PEDEVCO Corp. (NYSEAMERICAN:PEDGet Rating) CAO Paul Anthony Pinkston sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, January 19th. The shares were sold at an average price of $1.07, for a total value of $14,980.00. Following the completion of the transaction, the chief accounting officer now directly owns 394,000 shares of the company’s stock, valued at approximately $421,580. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Paul Anthony Pinkston also recently made the following trade(s):

  • On Friday, January 13th, Paul Anthony Pinkston sold 9,000 shares of PEDEVCO stock. The shares were sold at an average price of $1.10, for a total value of $9,900.00.

PEDEVCO Stock Performance

PED stock opened at $1.09 on Tuesday. PEDEVCO Corp. has a 1-year low of $0.90 and a 1-year 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:PEDGet Rating) last released its quarterly earnings data on Monday, November 14th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $8.30 million. Analysts forecast that PEDEVCO Corp. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

Separately, EF Hutton Acquisition Co. I reiterated a “buy” rating and issued a $2.40 price objective on shares of PEDEVCO in a research note on Thursday, December 22nd.

Institutional Investors Weigh In On PEDEVCO

A number of large investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its position in PEDEVCO by 13.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,352,665 shares of the company’s stock worth $1,556,000 after acquiring an additional 163,162 shares during the last quarter. Vanguard Group Inc. grew its position in PEDEVCO by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 945,769 shares of the company’s stock worth $955,000 after acquiring an additional 19,300 shares during the last quarter. Virtu Financial LLC grew its position in PEDEVCO by 374.1% during the 1st quarter. Virtu Financial LLC now owns 117,202 shares of the company’s stock worth $158,000 after acquiring an additional 92,482 shares during the last quarter. State Street Corp grew its position in PEDEVCO by 69.5% during the 2nd quarter. State Street Corp now owns 106,072 shares of the company’s stock worth $122,000 after acquiring an additional 43,500 shares during the last quarter. Finally, XTX Topco Ltd grew its position in PEDEVCO by 44.7% during the 1st 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 last quarter. 4.80% of the stock is currently owned by institutional investors.

About PEDEVCO

(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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