Zion Oil & Gas, Inc. (ZN) Insider Victor G. Carrillo Sells 50,000 Shares of Stock

Zion Oil & Gas, Inc. (NASDAQ:ZN) insider Victor G. Carrillo sold 50,000 shares of the firm’s stock in a transaction on Tuesday, January 8th. The stock was sold at an average price of $0.43, for a total value of $21,500.00. Following the completion of the sale, the insider now directly owns 151,500 shares of the company’s stock, valued at $65,145. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

NASDAQ:ZN opened at $0.48 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.06. Zion Oil & Gas, Inc. has a 1 year low of $0.38 and a 1 year high of $5.80.

A number of large investors have recently added to or reduced their stakes in ZN. Rhumbline Advisers purchased a new position in shares of Zion Oil & Gas in the second quarter valued at $192,000. Bank of New York Mellon Corp grew its position in shares of Zion Oil & Gas by 248.9% in the second quarter. Bank of New York Mellon Corp now owns 139,160 shares of the oil and gas producer’s stock valued at $564,000 after purchasing an additional 99,274 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new position in shares of Zion Oil & Gas in the second quarter valued at $404,000. Northern Trust Corp grew its position in shares of Zion Oil & Gas by 433.9% in the second quarter. Northern Trust Corp now owns 594,337 shares of the oil and gas producer’s stock valued at $2,410,000 after purchasing an additional 483,015 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of Zion Oil & Gas by 766.6% in the second quarter. BlackRock Inc. now owns 2,851,047 shares of the oil and gas producer’s stock valued at $11,560,000 after purchasing an additional 2,522,054 shares in the last quarter. 14.18% of the stock is owned by institutional investors and hedge funds.

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Zion Oil & Gas Company Profile

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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