StockNews.com assumed coverage on shares of Vertex Energy (NASDAQ:VTNR – Free Report) in a report issued on Wednesday morning. The firm issued a sell rating on the industrial products company’s stock.
Separately, Craig Hallum lowered shares of Vertex Energy from a “buy” rating to a “hold” rating and set a $1.00 target price for the company. in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $2.63.
Check Out Our Latest Stock Report on VTNR
Vertex Energy Price Performance
Hedge Funds Weigh In On Vertex Energy
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Nwam LLC lifted its holdings in shares of Vertex Energy by 15.7% in the 1st quarter. Nwam LLC now owns 649,377 shares of the industrial products company’s stock worth $942,000 after acquiring an additional 88,000 shares during the last quarter. Ceeto Capital Group LLC lifted its holdings in shares of Vertex Energy by 74.3% in the 1st quarter. Ceeto Capital Group LLC now owns 237,000 shares of the industrial products company’s stock valued at $332,000 after purchasing an additional 101,000 shares during the last quarter. XTX Topco Ltd boosted its holdings in shares of Vertex Energy by 89.7% in the second quarter. XTX Topco Ltd now owns 154,284 shares of the industrial products company’s stock valued at $146,000 after acquiring an additional 72,958 shares during the period. SummerHaven Investment Management LLC grew its position in Vertex Energy by 11.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 130,402 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 13,533 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Vertex Energy in the 2nd quarter valued at about $94,000. 42.99% of the stock is currently owned by institutional investors and hedge funds.
Vertex Energy Company Profile
Vertex Energy, Inc, an energy transition company, that focuses on the production and distribution of conventional and alternative fuels. The company engages in refining and distributing petroleum products comprising the mobile refinery and related operations. It sells ferrous and non-ferrous recyclable metal products, and markets Group III base oils and other petroleum-based products, as well as provides transportation and marine salvage services.
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