On November 21, 2024, [Jonathan Carroll](https://www.gurufocus.com/insider/109382/jonathan-carroll), CEO & President, 10% Owner of Blue Dolphin Energy Co (BDCO, Financial), purchased 17,500 shares of the company, according to the [SEC Filing](http://www.sec.gov/Archives/edgar/data/793306/000143774924035977/xslF345X01/rdgdoc.xml). Following this transaction, the insider now owns 4,042,279 shares of the company.
Blue Dolphin Energy Co (BDCO) is engaged in the business of refining and marketing petroleum products. The company operates in the energy sector, focusing on the production and distribution of refined petroleum products.
The insider's recent purchase is part of a broader trend of insider buying at Blue Dolphin Energy Co. Over the past year, there have been four insider buys and zero insider sells, indicating a positive sentiment among insiders towards the company's prospects.
On the day of the purchase, shares of Blue Dolphin Energy Co were trading at $3.35, giving the stock a [market cap](https://www.gurufocus.com/term/mktcap/BDCO) of $49.891 million. The company's [price-earnings ratio](https://www.gurufocus.com/term/pe-ratio/BDCO) stands at 12.86, which is higher than the industry median of 11.7 and also higher than the company's historical median price-earnings ratio.
The [GF Value](https://www.gurufocus.com/term/gf-value/BDCO) of Blue Dolphin Energy Co is estimated at $2.15, resulting in a price-to-GF-Value ratio of 1.56. This suggests that the stock is significantly overvalued based on its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as the [price-sales ratio](https://www.gurufocus.com/term/ps-ratio/BDCO), [price-book ratio](https://www.gurufocus.com/term/pb-ratio/BDCO), and [price-to-free cash flow](https://www.gurufocus.com/term/price-to-free-cash-flow/BDCO), a GuruFocus adjustment factor based on the company’s past returns and growth, and future estimates of business performance from Morningstar analysts.
This insider buying activity by Jonathan Carroll may be seen as a vote of confidence in the company's future performance, despite the current valuation metrics indicating that the stock is overvalued.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
