Insider Buying: Jonathan Carroll Increases Stake in Blue Dolphin Energy Co (BDCO)

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Jan 08, 2025

On January 7, 2025, Jonathan Carroll, CEO & President and 10% Owner of Blue Dolphin Energy Co (BDCO, Financial), purchased 8,000 shares of the company. Following this transaction, the insider now owns a total of 4,068,779 shares. The transaction details can be found in the SEC Filing. Blue Dolphin Energy Co is engaged in the business of refining and marketing petroleum products. The company operates in the energy sector, focusing on the production and distribution of refined petroleum products. The insider transaction history for Blue Dolphin Energy Co indicates a trend of insider buying, with 8 insider purchases and no insider sales over the past year. This includes Jonathan Carroll's acquisition of 66,700 shares in total over the past year, with no shares sold. 1876781076991602688.png On the day of the recent purchase, shares of Blue Dolphin Energy Co were trading at $2.75, resulting in a market cap of $42.378 million. The company's price-earnings ratio stands at 10.92, which is lower than the industry median of 11.675 but higher than the company's historical median price-earnings ratio. The GF Value for Blue Dolphin Energy Co is estimated at $2.20, giving it a price-to-GF-Value ratio of 1.25. This suggests that the stock is modestly overvalued based on its GF Value. 1876781163465568256.png The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company's past returns and growth, as well as future estimates of business performance from Morningstar analysts.

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