Christopher Allen Stratton Sells 100,000 Shares of Vertex Energy, Inc. (NASDAQ:VTNR) Stock

Vertex Energy, Inc. (NASDAQ:VTNR) Director Christopher Allen Stratton sold 100,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $3.93, for a total transaction of $393,000.00. Following the sale, the director now directly owns 88,405 shares of the company’s stock, valued at approximately $347,431.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Vertex Energy Stock Performance

Shares of NASDAQ VTNR opened at $3.78 on Wednesday. The company has a 50 day simple moving average of $4.53 and a 200-day simple moving average of $5.36. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.49 and a current ratio of 1.11. Vertex Energy, Inc. has a 1 year low of $3.68 and a 1 year high of $11.20.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VTNR. HC Wainwright reaffirmed a “buy” rating and set a $8.00 target price on shares of Vertex Energy in a report on Thursday, August 10th. Northland Securities dropped their target price on shares of Vertex Energy from $15.00 to $9.50 and set an “outperform” rating for the company in a report on Thursday, August 10th. Oppenheimer reaffirmed a “market perform” rating and set a $10.00 target price on shares of Vertex Energy in a report on Wednesday, July 26th. Finally, StockNews.com began coverage on shares of Vertex Energy in a report on Thursday, October 5th. They set a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Vertex Energy has an average rating of “Hold” and a consensus target price of $9.57.

Institutional Trading of Vertex Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in VTNR. Advisor Group Holdings Inc. increased its holdings in shares of Vertex Energy by 122.8% during the 1st quarter. Advisor Group Holdings Inc. now owns 5,770 shares of the industrial products company’s stock worth $142,000 after buying an additional 3,180 shares during the last quarter. Raymond James & Associates acquired a new stake in shares of Vertex Energy during the 1st quarter worth approximately $164,000. Bank of New York Mellon Corp increased its holdings in shares of Vertex Energy by 209.9% during the 1st quarter. Bank of New York Mellon Corp now owns 123,499 shares of the industrial products company’s stock worth $1,227,000 after buying an additional 83,645 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Vertex Energy by 198.4% during the 1st quarter. Citigroup Inc. now owns 202,850 shares of the industrial products company’s stock worth $2,016,000 after buying an additional 134,862 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Vertex Energy by 156.6% during the 1st quarter. Sei Investments Co. now owns 77,479 shares of the industrial products company’s stock worth $770,000 after buying an additional 47,279 shares during the last quarter. Institutional investors and hedge funds own 55.38% of the company’s stock.

Vertex Energy Company Profile

Vertex Energy, Inc, an energy transition company that focuses on the production and distribution of conventional and alternative fuels. It engages in refining and distributing petroleum products comprising the mobile refinery and related operations. The company also 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.