Public Employees Retirement System of Ohio purchased a new position in shares of Pacific Ethanol, Inc. (NASDAQ:PEIX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 41,102 shares of the oil and gas company’s stock, valued at approximately $257,000. Public Employees Retirement System of Ohio owned approximately 0.09% of Pacific Ethanol as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. purchased a new position in shares of Pacific Ethanol during the second quarter worth approximately $100,000. OppenheimerFunds Inc. raised its stake in shares of Pacific Ethanol by 4.7% during the first quarter. OppenheimerFunds Inc. now owns 16,212 shares of the oil and gas company’s stock worth $111,000 after acquiring an additional 728 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Pacific Ethanol by 21.9% during the second quarter. Voya Investment Management LLC now owns 19,222 shares of the oil and gas company’s stock worth $120,000 after acquiring an additional 3,448 shares in the last quarter. American International Group Inc. raised its stake in shares of Pacific Ethanol by 7.1% during the first quarter. American International Group Inc. now owns 17,659 shares of the oil and gas company’s stock worth $121,000 after acquiring an additional 1,163 shares in the last quarter. Finally, Brandywine Global Investment Management LLC raised its stake in shares of Pacific Ethanol by 2.8% during the second quarter. Brandywine Global Investment Management LLC now owns 22,350 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 610 shares in the last quarter. 79.68% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on PEIX. HC Wainwright reissued a “buy” rating and set a $14.00 price target on shares of Pacific Ethanol in a research note on Thursday, November 9th. Zacks Investment Research raised shares of Pacific Ethanol from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 10th. Cowen and Company set a $13.00 target price on shares of Pacific Ethanol and gave the stock a “buy” rating in a research note on Saturday, July 29th. Finally, ValuEngine downgraded shares of Pacific Ethanol from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Pacific Ethanol has an average rating of “Hold” and an average target price of $13.00.

Pacific Ethanol, Inc. (PEIX) opened at $4.20 on Thursday. The company has a current ratio of 2.30, a quick ratio of 1.53 and a debt-to-equity ratio of 0.56. Pacific Ethanol, Inc. has a one year low of $4.15 and a one year high of $10.95.

Pacific Ethanol (NASDAQ:PEIX) last issued its earnings results on Tuesday, November 7th. The oil and gas company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.09. Pacific Ethanol had a negative net margin of 0.51% and a negative return on equity of 2.13%. The company had revenue of $445.40 million for the quarter, compared to the consensus estimate of $434.57 million. During the same period in the previous year, the firm earned ($0.09) earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. research analysts forecast that Pacific Ethanol, Inc. will post -0.55 EPS for the current year.

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Pacific Ethanol 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.

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

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