Stifel Nicolaus reiterated their hold rating on shares of Vertex Energy (NASDAQ:VTNR – Free Report) in a report issued on Monday, Benzinga reports. The firm currently has a $4.00 price objective on the industrial products company’s stock.
VTNR has been the subject of several other research reports. HC Wainwright reduced their price target 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. Northland Securities downgraded shares of Vertex Energy from an outperform rating to a market perform rating and set a $2.00 price target for the company. in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $4.88.
View Our Latest Research Report on Vertex Energy
Vertex Energy Stock Performance
Institutional Investors Weigh In On Vertex Energy
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. purchased a new stake in Vertex Energy in the 4th quarter worth approximately $38,000. Mackenzie Financial Corp purchased a new stake in Vertex Energy in the 4th quarter worth approximately $38,000. Numerai GP LLC purchased a new stake in Vertex Energy in the 3rd quarter worth approximately $78,000. Willis Johnson & Associates Inc. purchased a new stake in Vertex Energy in the 1st quarter worth approximately $28,000. Finally, RPO LLC bought a new position in shares of Vertex Energy during the 4th quarter valued at $75,000. Hedge funds and other 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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