Dimensional Fund Advisors LP raised its position in shares of Pacific Ethanol Inc (NASDAQ:PEIX) by 20.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,629,229 shares of the oil and gas company’s stock after purchasing an additional 450,851 shares during the quarter. Dimensional Fund Advisors LP owned 0.06% of Pacific Ethanol worth $14,592,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Brandywine Global Investment Management LLC lifted its holdings in 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 valued at $140,000 after purchasing an additional 610 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Pacific Ethanol by 0.9% during the second quarter. Nordea Investment Management AB now owns 286,500 shares of the oil and gas company’s stock valued at $1,791,000 after purchasing an additional 2,500 shares in the last quarter. Voya Investment Management LLC lifted its holdings in 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 valued at $120,000 after purchasing an additional 3,448 shares in the last quarter. First Trust Advisors LP lifted its holdings in Pacific Ethanol by 23.2% during the second quarter. First Trust Advisors LP now owns 43,522 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 8,198 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Pacific Ethanol by 53.4% during the second quarter. The Manufacturers Life Insurance Company now owns 34,264 shares of the oil and gas company’s stock valued at $214,000 after purchasing an additional 11,925 shares in the last quarter. 80.67% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Pacific Ethanol from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Wednesday, January 10th. B. Riley assumed coverage on shares of Pacific Ethanol in a report on Tuesday, November 28th. They set a “buy” rating and a $7.00 price target on the stock. Finally, HC Wainwright reaffirmed a “buy” rating and set a $14.00 price target on shares of Pacific Ethanol in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Pacific Ethanol presently has an average rating of “Buy” and an average price target of $10.20.

Shares of Pacific Ethanol Inc (PEIX) opened at $4.45 on Friday. The stock has a market cap of $195.67, a P/E ratio of -19.35, a PEG ratio of 0.45 and a beta of 2.06. 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 1 year low of $4.10 and a 1 year high of $9.35.

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

In other news, Director William L. Jones sold 20,000 shares of Pacific Ethanol stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $4.30, for a total transaction of $86,000.00. Following the sale, the director now owns 56,903 shares in the company, valued at $244,682.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.87% of the company’s stock.

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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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