Moore Clark Sells 45,000 Shares of PEDEVCO Corp. (NYSEAMERICAN:PED) Stock

PEDEVCO Corp. (NYSEAMERICAN:PEDGet Rating) VP Moore Clark sold 45,000 shares of PEDEVCO stock in a transaction that occurred on Thursday, January 19th. The shares were sold at an average price of $1.07, for a total transaction of $48,150.00. Following the completion of the transaction, the vice president now owns 525,000 shares of the company’s stock, valued at approximately $561,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Moore Clark also recently made the following trade(s):

  • On Friday, January 13th, Moore Clark sold 30,000 shares of PEDEVCO stock. The shares were sold at an average price of $1.10, for a total transaction of $33,000.00.

PEDEVCO Price Performance

PED stock opened at $1.09 on Tuesday. 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 P/E ratio of 21.80 and a beta of 1.24.

PEDEVCO (NYSEAMERICAN:PEDGet Rating) last posted 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 return on equity of 4.36% and a net margin of 14.50%. The company had revenue of $7.47 million during the quarter, compared to the consensus estimate of $8.30 million. As a group, sell-side analysts forecast that PEDEVCO Corp. will post 0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of PEDEVCO

A number of institutional investors have recently bought and sold shares of PED. First Republic Investment Management Inc. bought a new stake in PEDEVCO in the 1st quarter valued at $28,000. Jane Street Group LLC bought a new stake in PEDEVCO in the 1st quarter valued at $30,000. Northern Trust Corp lifted its position in PEDEVCO by 167.5% in the 2nd quarter. Northern Trust Corp now owns 42,883 shares of the company’s stock valued at $49,000 after acquiring an additional 26,851 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in PEDEVCO by 224.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 41,197 shares of the company’s stock valued at $56,000 after acquiring an additional 28,497 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in PEDEVCO in the 2nd quarter valued at $58,000. Institutional investors and hedge funds own 4.80% of the company’s stock.

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.

Further Reading

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

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