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

PEDEVCO Corp. (NYSEAMERICAN:PED – Get 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:PED – Get 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

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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.