Vertex Energy (NASDAQ:VTNR) Stock Passes Below Two Hundred Day Moving Average of $2.48

Vertex Energy, Inc. (NASDAQ:VTNR)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.48 and traded as low as $1.27. Vertex Energy shares last traded at $1.35, with a volume of 1,933,625 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on VTNR shares. Northland Securities downgraded shares of Vertex Energy from an “outperform” rating to a “market perform” rating and set a $2.00 target price for the company. in a research note on Wednesday, January 24th. HC Wainwright reduced their target price on shares of 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, Stifel Nicolaus reaffirmed a “hold” rating and set a $4.00 price target on shares of Vertex Energy in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Vertex Energy presently has a consensus rating of “Hold” and an average target price of $4.88.

Vertex Energy Stock Up 6.3 %

The company has a current ratio of 1.07, a quick ratio of 0.52 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average price of $1.34 and a two-hundred day moving average price of $2.48.

Institutional Investors Weigh In On Vertex Energy

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Vertex Energy by 30.5% during the 3rd quarter. Vanguard Group Inc. now owns 5,094,415 shares of the industrial products company’s stock worth $22,670,000 after acquiring an additional 1,191,692 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Vertex Energy by 14.8% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,319,467 shares of the industrial products company’s stock valued at $5,872,000 after purchasing an additional 170,000 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in Vertex Energy by 27.8% during the fourth quarter. First Eagle Investment Management LLC now owns 867,801 shares of the industrial products company’s stock worth $2,942,000 after purchasing an additional 188,811 shares during the last quarter. Hennessy Advisors Inc. boosted its holdings in shares of Vertex Energy by 44.0% in the 1st quarter. Hennessy Advisors Inc. now owns 463,800 shares of the industrial products company’s stock valued at $649,000 after purchasing an additional 141,700 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Vertex Energy by 33.2% in the 4th quarter. Van ECK Associates Corp now owns 430,699 shares of the industrial products company’s stock valued at $1,460,000 after purchasing an additional 107,400 shares during the last quarter. 42.99% of the stock is currently owned by institutional investors and hedge funds.

About Vertex Energy

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.