California Public Employees Retirement System Lowers Stake in Zion Oil & Gas Inc (ZN)
California Public Employees Retirement System cut its holdings in shares of Zion Oil & Gas Inc (NASDAQ:ZN) by 50.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,780 shares of the oil and gas producer’s stock after selling 115,780 shares during the period. California Public Employees Retirement System owned 0.24% of Zion Oil & Gas worth $397,000 at the end of the most recent reporting period.
Separately, Northern Trust Corp lifted its holdings in shares of Zion Oil & Gas by 2.2% during the second quarter. Northern Trust Corp now owns 67,447 shares of the oil and gas producer’s stock worth $231,000 after purchasing an additional 1,478 shares during the period. Institutional investors own 4.73% of the company’s stock.
In other Zion Oil & Gas news, Treasurer Brauman Martin Van sold 25,066 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $1.99, for a total value of $49,881.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 10.30% of the stock is owned by company insiders.
Shares of Zion Oil & Gas Inc (ZN) opened at $1.89 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.23 and a current ratio of 1.23. Zion Oil & Gas Inc has a fifty-two week low of $1.07 and a fifty-two week high of $6.90.
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Zion Oil & Gas Profile
Zion Oil & Gas, Inc is an oil and gas exploration company. The Company holds a petroleum exploration license onshore Israel, the Megiddo-Jezreel License (MJL), comprising approximately 99,000 acres. The MJL is onshore, south and west of the Sea of Galilee. The Company has drilled approximately four exploratory wells.
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