Parex Resources Inc. (PXT) to Distribute Quarterly Dividend of $0.39 on September 15th

Parex Resources Inc. (TSE:PXTGet Free Report) announced a quarterly dividend on Tuesday, September 8th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.385 per share on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Tuesday, September 8th.

Parex Resources Trading Down 0.5%

PXT stock opened at C$28.76 on Friday. The company has a market cap of C$2.77 billion, a price-to-earnings ratio of 4.83, a PEG ratio of 0.21 and a beta of 0.13. The company has a quick ratio of 1.45, a current ratio of 0.88 and a debt-to-equity ratio of 34.66. The business has a fifty day simple moving average of C$24.72 and a 200-day simple moving average of C$25.21. Parex Resources has a 52 week low of C$16.25 and a 52 week high of C$30.20.

Insider Transactions at Parex Resources

In related news, insider Imad Mohsen bought 24,250 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were acquired at an average cost of C$20.61 per share, for a total transaction of C$499,792.50. Following the acquisition, the insider owned 165,410 shares in the company, valued at C$3,409,100.10. This represents a 17.18% increase in their position. Also, insider Cam Grainger purchased 2,000 shares of Parex Resources stock in a transaction that occurred on Monday, August 24th. The shares were bought at an average cost of C$27.40 per share, for a total transaction of C$54,800.00. Following the completion of the transaction, the insider directly owned 43,584 shares in the company, valued at C$1,194,201.60. This represents a 4.81% increase in their position. 1.64% of the stock is currently owned by company insiders.

About Parex Resources

(Get Free Report)

Parex is the largest independent oil and gas company in Colombia, focusing on sustainable conventional production. The Company’s corporate headquarters are in Calgary, Canada, with an operating office in Bogota, Colombia.

See Also

Dividend History for Parex Resources (TSE:PXT)

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