Stifel Nicolaus reissued their hold rating on shares of Vertex Energy (NASDAQ:VTNR – Free Report) in a research report report published on Monday, Benzinga reports. The firm currently has a $4.00 price target on the industrial products company’s stock.
Several other equities research analysts have also recently weighed in on VTNR. Northland Securities cut Vertex Energy from an outperform rating to a market perform rating and set a $2.00 target price for the company. in a report on Wednesday, January 24th. HC Wainwright lowered their price target on Vertex Energy from $8.00 to $3.50 and set a buy rating for the company in a research 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 given a buy rating to the stock. According to MarketBeat.com, Vertex Energy has a consensus rating of Hold and a consensus target price of $4.88.
Get Our Latest Research Report on Vertex Energy
Vertex Energy Stock Up 4.0 %
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Willis Johnson & Associates Inc. bought a new position in Vertex Energy during the 1st quarter valued at approximately $28,000. Mackenzie Financial Corp bought a new position in shares of Vertex Energy in the 4th quarter worth approximately $38,000. Victory Capital Management Inc. bought a new position in shares of Vertex Energy in the 4th quarter worth approximately $38,000. RPO LLC bought a new position in shares of Vertex Energy in the 4th quarter worth approximately $75,000. Finally, Numerai GP LLC bought a new position in shares of Vertex Energy in the 3rd quarter worth approximately $78,000. Institutional investors own 42.99% of the company’s stock.
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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