Stifel Nicolaus restated their hold rating on shares of Vertex Energy (NASDAQ:VTNR – Free Report) in a report issued on Monday morning, Benzinga reports. They currently have a $4.00 price objective on the industrial products company’s stock.
Other research analysts have also issued reports about the stock. HC Wainwright dropped their price target on shares of Vertex Energy from $8.00 to $3.50 and set a buy rating on the stock in a research note on Thursday, February 29th. Northland Securities lowered shares of Vertex Energy from an outperform rating to a market perform rating and set a $2.00 target price on the stock. in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Vertex Energy presently has a consensus rating of Hold and a consensus target price of $4.88.
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Vertex Energy Stock Up 4.0 %
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. acquired a new position in Vertex Energy during the fourth quarter worth about $38,000. Mackenzie Financial Corp acquired a new stake in shares of Vertex Energy in the fourth quarter valued at approximately $38,000. Numerai GP LLC acquired a new stake in shares of Vertex Energy in the third quarter valued at approximately $78,000. Willis Johnson & Associates Inc. acquired a new stake in shares of Vertex Energy in the first quarter valued at approximately $28,000. Finally, RPO LLC acquired a new stake in shares of Vertex Energy in the fourth quarter valued at approximately $75,000. 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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