Shares of PEDEVCO Corp. (NYSEAMERICAN:PED – Get Rating) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.11 and traded as low as $0.96. PEDEVCO shares last traded at $0.96, with a volume of 63,052 shares traded.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. EF Hutton Acquisition Co. I reissued a "buy" rating and issued a $2.40 price objective on shares of PEDEVCO in a research note on Thursday, March 30th. StockNews.com cut shares of PEDEVCO from a "hold" rating to a "sell" rating in a research report on Friday, March 24th.
Get PEDEVCO alerts:PEDEVCO Stock Down 1.1 %
The firm has a market capitalization of $82.05 million, a PE ratio of 32.01 and a beta of 1.16. The business's 50-day moving average price is $1.07 and its 200-day moving average price is $1.11.
Insider Buying and Selling at PEDEVCO
In other news, CEO Simon G. Kukes purchased 263,931 shares of the stock in a transaction that occurred on Thursday, March 30th. The stock was acquired at an average price of $0.94 per share, with a total value of $248,095.14. Following the purchase, the chief executive officer now owns 6,391,497 shares in the company, valued at approximately $6,008,007.18. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other PEDEVCO news, VP Moore Clark sold 45,000 shares of the firm's stock in a transaction dated Thursday, January 19th. The stock was sold at an average price of $1.07, for a total transaction of $48,150.00. Following the transaction, the vice president now directly owns 525,000 shares in the company, valued at $561,750. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Simon G. Kukes purchased 263,931 shares of PEDEVCO stock in a transaction on Thursday, March 30th. The stock was bought at an average cost of $0.94 per share, with a total value of $248,095.14. Following the transaction, the chief executive officer now directly owns 6,391,497 shares of the company's stock, valued at $6,008,007.18. The disclosure for this purchase can be found here. Insiders have sold 376,999 shares of company stock worth $398,796 over the last 90 days. 68.50% of the stock is currently owned by corporate insiders.
Institutional Trading of PEDEVCO
Institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of PEDEVCO by 224.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 41,197 shares of the company's stock worth $56,000 after purchasing an additional 28,497 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of PEDEVCO by 51.5% during the first quarter. Vanguard Group Inc. now owns 904,719 shares of the company's stock worth $1,222,000 after buying an additional 307,640 shares during the last quarter. XTX Topco Ltd boosted its position in shares of PEDEVCO by 44.7% in the first quarter. XTX Topco Ltd now owns 52,091 shares of the company's stock valued at $70,000 after acquiring an additional 16,083 shares during the period. First Republic Investment Management Inc. acquired a new stake in shares of PEDEVCO in the first quarter worth $28,000. Finally, Jane Street Group LLC bought a new position in PEDEVCO during the first quarter worth $30,000. 4.80% of the stock is currently owned by institutional investors and hedge funds.
About PEDEVCO
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PEDEVCO Corp. is an exploration and production company, which engages in the acquisition 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.
Read More
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