Pacific Ethanol Inc (NASDAQ:PEIX) Holdings Trimmed by OxFORD Asset Management LLP

OxFORD Asset Management LLP lowered its stake in shares of Pacific Ethanol Inc (NASDAQ:PEIX) by 25.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 318,721 shares of the oil and gas company’s stock after selling 109,882 shares during the period. OxFORD Asset Management LLP owned about 0.72% of Pacific Ethanol worth $1,767,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Pacific Ethanol by 29.4% during the 1st quarter. Vanguard Group Inc. now owns 1,540,132 shares of the oil and gas company’s stock valued at $10,551,000 after acquiring an additional 349,854 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in Pacific Ethanol during the 2nd quarter valued at about $1,657,000. AJO LP purchased a new stake in Pacific Ethanol during the 2nd quarter valued at about $1,806,000. Systematic Financial Management LP grew its stake in Pacific Ethanol by 21.8% during the 2nd quarter. Systematic Financial Management LP now owns 263,340 shares of the oil and gas company’s stock valued at $1,646,000 after acquiring an additional 47,210 shares in the last quarter. Finally, Foundry Partners LLC grew its stake in Pacific Ethanol by 38.0% during the 3rd quarter. Foundry Partners LLC now owns 640,295 shares of the oil and gas company’s stock valued at $3,554,000 after acquiring an additional 176,220 shares in the last quarter. 80.54% of the stock is owned by institutional investors and hedge funds.

Pacific Ethanol Inc (NASDAQ PEIX) opened at $4.55 on Friday. The company has a quick ratio of 1.53, a current ratio of 2.30 and a debt-to-equity ratio of 0.56. Pacific Ethanol Inc has a fifty-two week low of $4.10 and a fifty-two week high of $10.05.

Pacific Ethanol (NASDAQ:PEIX) last posted its earnings results on Tuesday, November 7th. The oil and gas company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.09. The company had revenue of $445.40 million for the quarter, compared to analyst estimates of $434.57 million. Pacific Ethanol had a negative net margin of 0.51% and a negative return on equity of 2.13%. Pacific Ethanol’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.09) EPS. equities analysts expect that Pacific Ethanol Inc will post -0.58 EPS for the current year.

Several analysts recently issued reports on PEIX shares. Zacks Investment Research cut shares of Pacific Ethanol from a “hold” rating to a “strong sell” rating in a research note on Saturday, October 28th. B. Riley started coverage on shares of Pacific Ethanol in a research note on Tuesday, November 28th. They set a “buy” rating and a $7.00 price objective for the company. Finally, HC Wainwright reaffirmed a “buy” rating and set a $14.00 price objective on shares of Pacific Ethanol in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $11.50.

In other Pacific Ethanol news, Director William L. Jones sold 20,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $4.30, for a total value of $86,000.00. Following the transaction, the director now directly owns 56,903 shares in the company, valued at approximately $244,682.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.87% of the company’s stock.

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Pacific Ethanol Company Profile

Pacific Ethanol, Inc (Pacific Ethanol) is a marketer and producer of low-carbon renewable fuels in the Western United States. Pacific Ethanol markets all the ethanol produced by four ethanol production facilities located in California, Idaho and Oregon, or the Pacific Ethanol Plants, all the ethanol produced by three other ethanol producers in the Western United States and ethanol purchased from other third-party suppliers throughout the United States.

Institutional Ownership by Quarter for Pacific Ethanol (NASDAQ:PEIX)

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