Virtu Financial LLC Buys 21,499 Shares of PEDEVCO Corp. (NYSE:PED)

Virtu Financial LLC grew its stake in shares of PEDEVCO Corp. (NYSE:PED) by 129.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,045 shares of the company’s stock after purchasing an additional 21,499 shares during the period. Virtu Financial LLC’s holdings in PEDEVCO were worth $30,000 as of its most recent SEC filing.

PEDEVCO Price Performance

Shares of NYSE PED opened at $0.70 on Wednesday. PEDEVCO Corp. has a 1 year low of $0.68 and a 1 year high of $1.10. The firm has a 50-day moving average of $0.75 and a 200 day moving average of $0.83. The stock has a market cap of $62.32 million, a P/E ratio of 34.83 and a beta of 0.35.

Insider Buying and Selling at PEDEVCO

In other news, VP Moore Clark sold 125,000 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $0.76, for a total transaction of $95,000.00. Following the sale, the vice president now owns 1,080,334 shares in the company, valued at $821,053.84. This represents a 10.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Paul Anthony Pinkston sold 65,000 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $0.76, for a total transaction of $49,400.00. Following the sale, the chief accounting officer now directly owns 816,700 shares of the company’s stock, valued at $620,692. This trade represents a 7.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 441,334 shares of company stock valued at $348,317. Corporate insiders own 70.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on PED. D. Boral Capital restated a “buy” rating and issued a $1.50 price objective on shares of PEDEVCO in a report on Thursday, March 13th. StockNews.com started coverage on PEDEVCO in a research report on Thursday, March 27th. They set a “sell” rating on the stock.

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. It holds interests in the Permian Basin asset covering an area of approximately 22,721 net acres located in New Mexico; and D-J Basin asset covering an area of approximately 19,214 net acres located in Wyoming.