Gevo, Inc. (NASDAQ:GEVO) Stock Holdings Increased by Bank of America Corp DE

Bank of America Corp DE lifted its stake in shares of Gevo, Inc. (NASDAQ:GEVO - Free Report) by 160.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 360,559 shares of the energy company's stock after purchasing an additional 222,237 shares during the period. Bank of America Corp DE owned approximately 0.15% of Gevo worth $754,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Gevo by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 2,690,430 shares of the energy company's stock valued at $5,626,000 after acquiring an additional 234,727 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in shares of Gevo during the 4th quarter worth about $49,000. Renaissance Technologies LLC bought a new position in Gevo during the fourth quarter worth about $904,000. Amundi bought a new position in shares of Gevo during the 4th quarter worth approximately $301,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Gevo in the 4th quarter valued at $27,000. 35.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GEVO has been the subject of a number of research reports. UBS Group lowered their target price on Gevo from $3.25 to $1.15 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. HC Wainwright reaffirmed a "buy" rating and set a $14.00 target price on shares of Gevo in a report on Friday, May 30th.

Gevo Stock Up 4.5%

Shares of GEVO stock opened at $1.16 on Monday. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The firm's fifty day moving average price is $1.13 and its two-hundred day moving average price is $1.48. The firm has a market capitalization of $277.89 million, a P/E ratio of -3.41 and a beta of 2.53. Gevo, Inc. has a 1 year low of $0.48 and a 1 year high of $3.39.

Gevo (NASDAQ:GEVO - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.01. The company had revenue of $29.11 million during the quarter, compared to analysts' expectations of $22.19 million. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. On average, equities analysts predict that Gevo, Inc. will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling at Gevo

In other Gevo news, COO Christopher Michael Ryan sold 73,934 shares of the company's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $1.28, for a total value of $94,635.52. Following the sale, the chief operating officer now owns 1,510,000 shares in the company, valued at approximately $1,932,800. The trade was a 4.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Patrick R. Gruber sold 157,197 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $1.28, for a total transaction of $201,212.16. Following the sale, the chief executive officer now directly owns 3,610,779 shares of the company's stock, valued at $4,621,797.12. This represents a 4.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold 470,257 shares of company stock valued at $598,553 in the last three months. Corporate insiders own 6.80% of the company's stock.

Gevo Profile

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.

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