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

PEDEVCO Corp. (NYSEAMERICAN:PED – Get 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: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 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

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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.