Rhumbline Advisers Invests $192,000 in Zion Oil & Gas, Inc. (ZN)
Rhumbline Advisers purchased a new stake in shares of Zion Oil & Gas, Inc. (NASDAQ:ZN) during the 2nd quarter, HoldingsChannel reports. The firm purchased 47,402 shares of the oil and gas producer’s stock, valued at approximately $192,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Element Capital Management LLC bought a new stake in shares of Zion Oil & Gas during the first quarter valued at about $266,000. Barclays PLC bought a new stake in shares of Zion Oil & Gas during the first quarter valued at about $399,000. Tibra Equities Europe Ltd bought a new stake in shares of Zion Oil & Gas during the first quarter valued at about $576,000. Finally, Millennium Management LLC increased its position in shares of Zion Oil & Gas by 239.4% during the first quarter. Millennium Management LLC now owns 299,790 shares of the oil and gas producer’s stock valued at $1,427,000 after buying an additional 211,471 shares during the period. Hedge funds and other institutional investors own 14.97% of the company’s stock.
Shares of ZN opened at $0.91 on Wednesday. Zion Oil & Gas, Inc. has a twelve month low of $0.88 and a twelve month high of $5.80. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.08.
Zion Oil & Gas, Inc operates as an oil and gas exploration company in Israel. It holds a petroleum exploration license onshore Israel, the Megiddo-Jezreel License that covers an area of approximately 99,000 acres. The company was founded in 2000 and is based in Dallas, Texas.
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