Rhumbline Advisers Takes $192,000 Position in Zion Oil & Gas, Inc. (ZN)

Rhumbline Advisers acquired a new position in shares of Zion Oil & Gas, Inc. (NASDAQ:ZN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 47,402 shares of the oil and gas producer’s stock, valued at approximately $192,000. Rhumbline Advisers owned about 0.08% of Zion Oil & Gas at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Element Capital Management LLC purchased a new position in shares of Zion Oil & Gas in the 1st quarter worth about $266,000. Barclays PLC purchased a new position in shares of Zion Oil & Gas in the 1st quarter worth about $399,000. Tibra Equities Europe Ltd purchased a new position in shares of Zion Oil & Gas in the 1st quarter worth about $576,000. Finally, Millennium Management LLC boosted its holdings in shares of Zion Oil & Gas by 239.4% in the 1st quarter. Millennium Management LLC now owns 299,790 shares of the oil and gas producer’s stock worth $1,427,000 after buying an additional 211,471 shares during the last quarter. 14.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:ZN opened at $0.91 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.08. Zion Oil & Gas, Inc. has a fifty-two week low of $0.88 and a fifty-two week high of $5.80.

Zion Oil & Gas Profile

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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Institutional Ownership by Quarter for Zion Oil & Gas (NASDAQ:ZN)

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