PNC Financial Services Group Inc. Has $35,000 Stake in Gevo, Inc. (NASDAQ:GEVO)

PNC Financial Services Group Inc. lessened its stake in shares of Gevo, Inc. (NASDAQ:GEVO) by 42.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,512 shares of the energy company’s stock after selling 12,058 shares during the period. PNC Financial Services Group Inc.’s holdings in Gevo were worth $35,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Gevo in the fourth quarter valued at approximately $27,000. SBI Securities Co. Ltd. bought a new position in shares of Gevo in the 4th quarter worth $468,000. VisionPoint Advisory Group LLC grew its position in Gevo by 200.9% in the 4th quarter. VisionPoint Advisory Group LLC now owns 28,057 shares of the energy company’s stock valued at $65,000 after purchasing an additional 18,734 shares during the period. Centerpoint Advisory Group bought a new stake in Gevo during the 4th quarter valued at $75,000. Finally, Financial Advocates Investment Management raised its holdings in Gevo by 28.5% during the fourth quarter. Financial Advocates Investment Management now owns 90,000 shares of the energy company’s stock worth $188,000 after buying an additional 19,980 shares during the last quarter. 35.17% of the stock is owned by institutional investors.

Gevo Trading Up 2.4 %

Shares of GEVO stock opened at $1.26 on Friday. The stock has a market capitalization of $301.65 million, a price-to-earnings ratio of -3.71 and a beta of 2.72. The company’s fifty day simple moving average is $1.57 and its two-hundred day simple moving average is $1.75. Gevo, Inc. has a 1 year low of $0.48 and a 1 year high of $3.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a “buy” rating and set a $14.00 price objective on shares of Gevo in a report on Monday, March 10th.

Gevo Profile

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.