PEDEVCO Corp. (NYSEAMERICAN:PED) CEO Purchases $211,002.40 in Stock

PEDEVCO Corp. (NYSEAMERICAN:PEDGet Rating) CEO Simon G. Kukes purchased 150,716 shares of the company’s stock in a transaction on Monday, September 19th. The shares were purchased at an average price of $1.40 per share, with a total value of $211,002.40. Following the completion of the purchase, the chief executive officer now directly owns 4,442,848 shares of the company’s stock, valued at $6,219,987.20. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

PEDEVCO Stock Down 1.0 %

Shares of NYSEAMERICAN:PED opened at $1.00 on Friday. The stock has a market cap of $85.55 million, a price-to-earnings ratio of -3.23 and a beta of 0.96. PEDEVCO Corp. has a 12 month low of $0.96 and a 12 month high of $2.44.

PEDEVCO (NYSEAMERICAN:PEDGet Rating) last announced its quarterly earnings results on Monday, August 15th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. PEDEVCO had a negative return on equity of 4.68% and a negative net margin of 172.08%.

Institutional Investors Weigh In On PEDEVCO

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Republic Investment Management Inc. acquired a new stake in shares of PEDEVCO in the first quarter valued at about $28,000. Jane Street Group LLC acquired a new stake in shares of PEDEVCO in the first quarter valued at about $30,000. Dimensional Fund Advisors LP grew its stake in shares of PEDEVCO by 224.4% in the first quarter. Dimensional Fund Advisors LP now owns 41,197 shares of the company’s stock valued at $56,000 after buying an additional 28,497 shares in the last quarter. Northern Trust Corp grew its stake in shares of PEDEVCO by 167.5% in the second quarter. Northern Trust Corp now owns 42,883 shares of the company’s stock valued at $49,000 after buying an additional 26,851 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of PEDEVCO in the second quarter valued at about $58,000. 7.52% of the stock is currently owned by institutional investors and hedge funds.

PEDEVCO Company Profile

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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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Insider Buying and Selling by Quarter for PEDEVCO (NYSEAMERICAN:PED)

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