11,072 Shares in Vertex Energy, Inc. (NASDAQ:VTNR) Bought by Victory Capital Management Inc.

Victory Capital Management Inc. purchased a new position in shares of Vertex Energy, Inc. (NASDAQ:VTNRFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,072 shares of the industrial products company’s stock, valued at approximately $38,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VTNR. Arizona State Retirement System increased its position in shares of Vertex Energy by 32.2% in the 3rd quarter. Arizona State Retirement System now owns 23,892 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 5,826 shares during the last quarter. Swiss National Bank increased its position in shares of Vertex Energy by 31.8% in the 3rd quarter. Swiss National Bank now owns 184,500 shares of the industrial products company’s stock worth $821,000 after purchasing an additional 44,500 shares during the last quarter. First Eagle Investment Management LLC acquired a new position in shares of Vertex Energy in the 3rd quarter valued at about $3,022,000. Atria Wealth Solutions Inc. boosted its holdings in shares of Vertex Energy by 12.1% in 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 buying an additional 28,220 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of Vertex Energy by 28.1% in 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 buying an additional 70,849 shares during the period. Hedge funds and other institutional investors own 42.99% of the company’s stock.

Vertex Energy Stock Down 0.9 %

Vertex Energy stock opened at $1.11 on Thursday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.02 and a quick ratio of 0.43. The firm has a 50-day moving average price of $1.25 and a two-hundred day moving average price of $1.97. Vertex Energy, Inc. has a 52-week low of $0.95 and a 52-week high of $6.84.

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

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. StockNews.com raised shares of Vertex Energy to a “sell” rating in a report on Friday, May 10th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $4.00 price target on shares of Vertex Energy in a report on Monday, April 22nd. Finally, HC Wainwright decreased their price target on shares of Vertex Energy from $8.00 to $3.50 and set a “buy” rating for the company in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Vertex Energy presently has an average rating of “Hold” and a consensus price target of $4.88.

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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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