Geode Capital Management LLC increased its holdings in Zion Oil & Gas, Inc. (NASDAQ:ZN) by 18.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 647,448 shares of the oil and gas producer’s stock after purchasing an additional 100,863 shares during the quarter. Geode Capital Management LLC’s holdings in Zion Oil & Gas were worth $270,000 at the end of the most recent reporting period.
Separately, Rhumbline Advisers raised its stake in Zion Oil & Gas by 49.7% in the 4th quarter. Rhumbline Advisers now owns 66,482 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 22,080 shares during the last quarter. Institutional investors and hedge funds own 11.53% of the company’s stock.
Shares of ZN stock opened at $0.46 on Thursday. Zion Oil & Gas, Inc. has a twelve month low of $0.38 and a twelve month high of $4.36. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.11 and a current ratio of 1.11.
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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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