11,000 Shares in OPAL Fuels Inc. (NASDAQ:OPAL) Acquired by DAVENPORT & Co LLC

DAVENPORT & Co LLC acquired a new stake in OPAL Fuels Inc. (NASDAQ:OPAL) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 11,000 shares of the company’s stock, valued at approximately $61,000.

A number of other institutional investors have also recently made changes to their positions in OPAL. Vanguard Group Inc. bought a new position in shares of OPAL Fuels during the third quarter valued at about $1,297,000. Geode Capital Management LLC lifted its holdings in OPAL Fuels by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 37,658 shares of the company’s stock worth $274,000 after buying an additional 4,222 shares during the period. Alyeska Investment Group L.P. purchased a new stake in OPAL Fuels in the 4th quarter worth approximately $255,000. Boothbay Fund Management LLC purchased a new position in shares of OPAL Fuels during the fourth quarter valued at approximately $223,000. Finally, Morgan Stanley increased its stake in shares of OPAL Fuels by 748.8% during the fourth quarter. Morgan Stanley now owns 13,802 shares of the company’s stock valued at $100,000 after buying an additional 12,176 shares during the period. Hedge funds and other institutional investors own 12.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on OPAL. Stifel Nicolaus cut their price target on shares of OPAL Fuels from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. B. Riley cut their target price on shares of OPAL Fuels from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. The Goldman Sachs Group reduced their price target on shares of OPAL Fuels from $5.80 to $5.00 and set a “sell” rating on the stock in a research report on Friday, March 15th. Scotiabank lowered their price objective on shares of OPAL Fuels from $10.50 to $8.00 and set a “sector outperform” rating for the company in a report on Thursday. Finally, UBS Group dropped their price target on OPAL Fuels from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, OPAL Fuels has an average rating of “Moderate Buy” and a consensus price target of $10.43.

OPAL Fuels Trading Down 1.2 %

Shares of NASDAQ:OPAL opened at $4.88 on Friday. OPAL Fuels Inc. has a 12 month low of $4.43 and a 12 month high of $8.46. The company has a market capitalization of $841.70 million, a price-to-earnings ratio of 6.97 and a beta of 0.52. The firm’s 50-day moving average is $4.84 and its 200 day moving average is $5.58.

OPAL Fuels (NASDAQ:OPAL) last announced its earnings results on Wednesday, March 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). OPAL Fuels had a net margin of 10.61% and a negative return on equity of 1.07%. The business had revenue of $87.01 million for the quarter, compared to analysts’ expectations of $98.77 million. As a group, equities analysts forecast that OPAL Fuels Inc. will post 0.59 EPS for the current fiscal year.

OPAL Fuels 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.