Point72 Asia Singapore Pte. Ltd. Takes $94,000 Position in Vertex Energy, Inc. (NASDAQ:VTNR)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Vertex Energy, Inc. (NASDAQ:VTNR) during the second quarter, Holdings Channel reports. The institutional investor purchased 99,800 shares of the industrial products company’s stock, valued at approximately $94,000.

Several other institutional investors and hedge funds have also bought and sold shares of VTNR. Oracle Investment Management Inc. lifted its stake in Vertex Energy by 97.6% in the 4th quarter. Oracle Investment Management Inc. now owns 50,000 shares of the industrial products company’s stock worth $170,000 after purchasing an additional 24,700 shares in the last quarter. Hennessy Advisors Inc. lifted its stake in Vertex Energy by 44.0% in the 1st quarter. Hennessy Advisors Inc. now owns 463,800 shares of the industrial products company’s stock worth $649,000 after purchasing an additional 141,700 shares in the last quarter. Willis Johnson & Associates Inc. purchased a new stake in shares of Vertex Energy during the 1st quarter valued at $28,000. Mitchell Mcleod Pugh & Williams Inc. purchased a new stake in shares of Vertex Energy during the 1st quarter valued at $27,000. Finally, Nwam LLC raised its position in shares of Vertex Energy by 15.7% during the 1st quarter. Nwam LLC now owns 649,377 shares of the industrial products company’s stock valued at $942,000 after buying an additional 88,000 shares in the last quarter. 42.99% of the stock is currently owned by hedge funds and other institutional investors.

Vertex Energy Trading Down 8.9 %

Vertex Energy stock opened at $0.11 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.30 and a current ratio of 0.56. Vertex Energy, Inc. has a fifty-two week low of $0.10 and a fifty-two week high of $5.04. The firm’s fifty day moving average price is $0.41 and its 200-day moving average price is $0.87.

Vertex Energy (NASDAQ:VTNR) last released its earnings results on Thursday, August 8th. The industrial products company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.48). Vertex Energy had a negative net margin of 3.61% and a negative return on equity of 58.04%. The business had revenue of $750.06 million for the quarter, compared to the consensus estimate of $729.29 million. During the same period in the prior year, the business posted ($0.55) EPS.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Craig Hallum cut shares of Vertex Energy from a “buy” rating to a “hold” rating and set a $1.00 price objective on the stock. in a research report on Friday, August 9th. StockNews.com assumed coverage on shares of Vertex Energy in a research report on Friday. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Vertex Energy currently has a consensus rating of “Hold” and a consensus price target of $2.63.

About Vertex Energy

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.