Jonathan Carroll, CEO and President of Blue Dolphin Energy Co. (NASDAQ:BDCO), recently acquired 1,000 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were purchased on January 15 at a price of $3.50 each, for a total transaction value of $3,500. The stock, which is currently trading at $3.73, is showing strong momentum with a 22% gain over the past week and an incredible 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 holds an indirect ownership of 8,426,456 shares through his interest in Lazarus Energy Holdings, LLC. Carroll’s dual role as CEO and President, along with his extensive stock holdings, underscores his significant stake in the $55.7 million market cap company. InvestingPro The analysis revealed 8 additional key insights into BDCO’s financial health and valuation metrics, which subscribers can use.

In other recent news, Blue Dolphin Energy Company has seen significant improvements in its financial structure and operations. The company recently announced a new lease agreement for its subsidiary, Blue Dolphin Services Co., extending the lease of the Houston, Texas office 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 principal financial and accounting officer, Treasurer, and Assistant Secretary. This leadership change is expected to bring a wealth of experience from the oil and gas sector to the company.

Additionally, the company’s subsidiaries, Lazarus Energy and Lazarus Refining & Marketing, have obtained waivers for all covenant violations related to their loan agreements for fiscal years 2021, 2022, and 2023. .These waivers were granted by Veritex (NASDAQ:) Community Bank and the US Department of Agriculture.

In addition, Blue Dolphin Energy recently held its Annual Meeting of Stockholders, where shareholders elected five director nominees and ratified UHY LLP as the company’s independent public accounting firm for the fiscal year ended on December 31, 2024. within the company.

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