OPAL Fuels Inc. (NASDAQ:OPAL) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its holdings in shares of OPAL Fuels Inc. (NASDAQ:OPAL) by 43.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,345 shares of the company’s stock after selling 24,074 shares during the quarter. Advisors Asset Management Inc.’s holdings in OPAL Fuels were worth $114,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of OPAL. Sanctuary Advisors LLC purchased a new stake in OPAL Fuels during the 2nd quarter worth approximately $93,000. Marshall Wace LLP acquired a new stake in shares of OPAL Fuels during the second quarter worth approximately $389,000. GSA Capital Partners LLP grew its position in shares of OPAL Fuels by 69.3% during the third quarter. GSA Capital Partners LLP now owns 96,056 shares of the company’s stock worth $351,000 after buying an additional 39,325 shares in the last quarter. Inspire Investing LLC bought a new stake in shares of OPAL Fuels in the third quarter worth $430,000. Finally, SIR Capital Management L.P. raised its holdings in OPAL Fuels by 76.3% in the second quarter. SIR Capital Management L.P. now owns 388,049 shares of the company’s stock valued at $1,587,000 after acquiring an additional 167,940 shares in the last quarter. Institutional investors and hedge funds own 12.16% of the company’s stock.

OPAL Fuels Stock Performance

NASDAQ OPAL opened at $3.89 on Friday. OPAL Fuels Inc. has a one year low of $3.04 and a one year high of $6.08. The company has a 50-day simple moving average of $3.73 and a 200-day simple moving average of $3.97. The firm has a market capitalization of $671.44 million, a PE ratio of 21.50 and a beta of 0.48.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. UBS Group decreased their price objective on shares of OPAL Fuels from $8.00 to $7.50 and set a “buy” rating for the company in a report on Friday, August 9th. Scotiabank lowered OPAL Fuels from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $8.00 to $5.00 in a report on Tuesday, September 3rd. Finally, The Goldman Sachs Group cut their price objective on OPAL Fuels from $4.50 to $3.90 and set a “sell” rating on the stock in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $7.90.

OPAL Fuels Company Profile

OPAL Fuels Inc, together with its subsidiaries, engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel.