22,004 Shares in Vertex Energy, Inc. (NASDAQ:VTNR) Bought by Rpo LLC

Rpo LLC purchased a new position in shares of Vertex Energy, Inc. (NASDAQ:VTNRFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 22,004 shares of the industrial products company’s stock, valued at approximately $75,000.

A number of other hedge funds have also bought and sold shares of the business. Arizona State Retirement System raised its stake in shares of Vertex Energy by 32.2% in the third quarter. Arizona State Retirement System now owns 23,892 shares of the industrial products company’s stock valued at $106,000 after buying an additional 5,826 shares during the period. Swiss National Bank raised its stake in shares of Vertex Energy by 31.8% during the 3rd quarter. Swiss National Bank now owns 184,500 shares of the industrial products company’s stock valued at $821,000 after purchasing an additional 44,500 shares during the period. First Eagle Investment Management LLC bought a new stake in shares of Vertex Energy during the 3rd quarter valued at $3,022,000. Atria Wealth Solutions Inc. raised its stake in shares of Vertex Energy by 12.1% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 262,042 shares of the industrial products company’s stock valued at $1,166,000 after purchasing an additional 28,220 shares during the period. Finally, Van ECK Associates Corp raised its stake in shares of Vertex Energy by 28.1% during the 3rd quarter. Van ECK Associates Corp now owns 323,299 shares of the industrial products company’s stock valued at $1,439,000 after purchasing an additional 70,849 shares during the period. 42.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VTNR has been the topic of a number of analyst reports. Stifel Nicolaus reiterated a “hold” rating and set a $4.00 price objective on shares of Vertex Energy in a research note on Monday, April 22nd. HC Wainwright reduced their target price on Vertex Energy from $8.00 to $3.50 and set a “buy” rating for the company in a research report on Thursday, February 29th. Finally, StockNews.com upgraded Vertex Energy to a “sell” rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $4.88.

View Our Latest Stock Report on Vertex Energy

Vertex Energy Price Performance

VTNR stock traded down $0.03 during trading on Wednesday, hitting $1.10. 500,706 shares of the company traded hands, compared to its average volume of 2,695,703. The company has a 50-day moving average of $1.25 and a 200-day moving average of $1.98. The company has a current ratio of 1.02, a quick ratio of 0.43 and a debt-to-equity ratio of 1.33. Vertex Energy, Inc. has a 1 year low of $0.95 and a 1 year high of $6.84.

Vertex Energy (NASDAQ:VTNRGet Free Report) last announced its earnings results on Thursday, May 9th. The industrial products company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.06. Vertex Energy had a negative return on equity of 45.99% and a negative net margin of 4.50%. The firm had revenue of $695.33 million during the quarter, compared to analyst estimates of $672.52 million. During the same quarter in the prior year, the company earned ($0.58) EPS. On average, analysts forecast that Vertex Energy, Inc. will post -0.37 earnings per share for the current fiscal year.

About Vertex Energy

(Free Report)

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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Institutional Ownership by Quarter for Vertex Energy (NASDAQ:VTNR)

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