Blue Dolphin Energy CEO Jonathan Carroll Acquires $3,500 worth of Shares By Investing.com
Jonathan Carroll, CEO and President of Blue Dolphin Energy Co. (NASDAQ:BDCO), recently acquired 1,000 shares of the company’s stock, according to a filing with the Securities and Exchange Commission. The shares were purchased on January 15 at $3.50 each, for a total transaction value of $3,500. The stock, currently trading at $3.73, has shown strong momentum with a 22% gain over the past week and a staggering 54% year-to-date return, according to InvestingPro data.
Following this transaction, Carroll directly owns 4,069,779 shares of Blue Dolphin Energy. In addition, he has indirect ownership of 8,426,456 shares through his interest in Lazarus Energy Holdings, LLC. Carroll’s dual role as CEO and chairman, along with his significant stock holdings, underscores his significant stake in the $55.7 million market capitalization company. InvestingPro analysis reveals 8 additional key insights about BDCO’s financial health and metrics, available to subscribers.
In other recent news, Blue Dolphin Energy Company has seen significant progress in its financial and operational structure. The company recently announced a new lease for its subsidiary, Blue Dolphin Services Co., extending the lease for an office in Houston, Texas, for an additional 24 months. The lease includes a reduction in rent and an increase in total leasable area to accommodate staff growth.
Blue Dolphin also announced the appointment of Bryce D. Klug as Chief Financial and Accounting Officer, Treasurer and Assistant Secretary. This leadership change is expected to bring extensive experience from the oil and gas sector to the company.
In addition, the subsidiaries, Lazarus Energy and Lazarus Refining & Marketing, have secured waivers for all breaches of covenants in connection with their loan agreements for fiscal years 2021, 2022 and 2023. These waivers have been granted by Veritex (NASDAQ: ) Community Bank and US Department of Agriculture.
In addition, Blue Dolphin Energy recently held its annual meeting of shareholders, where shareholders elected five director nominees and ratified UHY LLP as the company’s independent public accounting firm for the fiscal year ending December 31, 2024. These are among the recent events that occurred within the company.
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