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Jonathan P. Carroll, CEO and President of Blue Dolphin Energy Co (OTC:BDCO), has made significant stock acquisitions, according to a recent SEC filing. On April 4 and April 7, Carroll purchased a total of 46,250 shares of the company's common stock, with transaction prices ranging from $1.87 to $2.20 per share. The total value of these transactions amounted to $92,363. The timing appears strategic, as InvestingPro data shows the stock has gained nearly 14% in the past week, though it remains 47% lower over the past six months.
Following these transactions, Carroll's direct ownership of Blue Dolphin Energy shares increased, reflecting his continued confidence in the company's prospects. Blue Dolphin Energy, based in Houston, Texas, operates in the crude petroleum and natural gas industry. With a market capitalization of $31.34 million and current trading price of $2.10, InvestingPro analysis suggests the stock is slightly undervalued. Subscribers can access 10+ additional ProTips and comprehensive financial metrics to better evaluate this insider buying activity.
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