EA Series Trust bought a new position in PEDEVCO Corp. (NYSEAMERICAN:PED – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 41,041 shares of the company’s stock, valued at approximately $38,000.
Other large investors have also recently made changes to their positions in the company. First Republic Investment Management Inc. bought a new position in shares of PEDEVCO in the first quarter worth $28,000. Jane Street Group LLC bought a new stake in PEDEVCO during the first quarter valued at $30,000. GSA Capital Partners LLP bought a new stake in PEDEVCO during the fourth quarter valued at $32,000. Dimensional Fund Advisors LP boosted its stake in PEDEVCO by 224.4% during 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 during the period. Finally, Northern Trust Corp boosted its stake in PEDEVCO by 167.5% during 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 during the period. 3.05% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on PEDEVCO in a research note on Wednesday, September 27th. They set a “hold” rating for the company.
PEDEVCO Price Performance
NYSEAMERICAN PED opened at $0.94 on Wednesday. The company’s fifty day moving average price is $0.93. The company has a market cap of $82.23 million, a PE ratio of 31.50 and a beta of 1.32. PEDEVCO Corp. has a 1-year low of $0.80 and a 1-year high of $1.31.
PEDEVCO (NYSEAMERICAN:PED – Get Free Report) last announced its earnings results on Tuesday, August 15th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. PEDEVCO had a return on equity of 3.71% and a net margin of 11.32%. The company had revenue of $10.91 million for the quarter, compared to analysts’ expectations of $9.48 million. As a group, analysts expect that PEDEVCO Corp. will post 0.12 EPS for the current fiscal year.
PEDEVCO Company Profile
PEDEVCO Corp., an oil and gas company, focuses on the acquisition, development, and production of oil and natural gas assets in the United States. The company is headquartered in Houston, Texas. PEDEVCO Corp. is a subsidiary of SK Energy LLC.
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