Laurion Capital Management LP acquired a new position in shares of Pacific Ethanol, Inc. (NASDAQ:PEIX) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 23,488 shares of the oil and gas company’s stock, valued at approximately $147,000. Laurion Capital Management LP owned 0.06% of Pacific Ethanol at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Candlewood Investment Group LP lifted its holdings in shares of Pacific Ethanol by 19.3% during the 2nd quarter. Candlewood Investment Group LP now owns 3,254,318 shares of the oil and gas company’s stock worth $20,339,000 after acquiring an additional 526,901 shares during the period. DnB Asset Management AS lifted its holdings in shares of Pacific Ethanol by 40.7% during the 2nd quarter. DnB Asset Management AS now owns 2,367,337 shares of the oil and gas company’s stock worth $14,796,000 after acquiring an additional 685,298 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Pacific Ethanol by 4.1% during the 1st quarter. HighTower Advisors LLC now owns 1,660,822 shares of the oil and gas company’s stock worth $11,374,000 after acquiring an additional 65,685 shares during the period. Boston Partners lifted its holdings in shares of Pacific Ethanol by 9.2% during the 2nd quarter. Boston Partners now owns 1,645,770 shares of the oil and gas company’s stock worth $10,286,000 after acquiring an additional 138,370 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Pacific Ethanol by 56.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,645,060 shares of the oil and gas company’s stock worth $11,269,000 after acquiring an additional 590,856 shares during the period. Institutional investors and hedge funds own 75.08% of the company’s stock.

PEIX has been the topic of several recent analyst reports. ValuEngine lowered shares of Pacific Ethanol from a “hold” rating to a “sell” rating in a report on Friday, September 1st. HC Wainwright reiterated a “buy” rating and set a $14.00 price objective on shares of Pacific Ethanol in a report on Wednesday, June 28th. Zacks Investment Research lowered shares of Pacific Ethanol from a “hold” rating to a “strong sell” rating in a report on Thursday. Finally, Cowen and Company set a $13.00 price objective on shares of Pacific Ethanol and gave the stock a “buy” rating in a report on Saturday, July 29th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Pacific Ethanol has a consensus rating of “Hold” and a consensus price target of $13.00.

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Pacific Ethanol, Inc. (NASDAQ PEIX) opened at 5.675 on Thursday. Pacific Ethanol, Inc. has a one year low of $4.15 and a one year high of $10.95. The stock’s market capitalization is $249.54 million. The stock’s 50 day moving average is $5.08 and its 200 day moving average is $6.03.

Pacific Ethanol (NASDAQ:PEIX) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.22) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.18). Pacific Ethanol had a negative return on equity of 3.02% and a negative net margin of 0.72%. The business had revenue of $405.20 million for the quarter, compared to analyst estimates of $410.34 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. The company’s revenue was down 4.2% compared to the same quarter last year. On average, equities analysts forecast that Pacific Ethanol, Inc. will post ($0.38) EPS for the current year.

About Pacific Ethanol

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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