Stifel Nicolaus reiterated their hold rating on shares of Vertex Energy (NASDAQ:VTNR – Free Report) in a report issued on Monday, Benzinga reports. Stifel Nicolaus currently has a $4.00 price target on the industrial products company’s stock.
A number of other research firms have also recently commented on VTNR. Northland Securities cut Vertex Energy from an outperform rating to a market perform rating and set a $2.00 target price on the stock. in a research report on Wednesday, January 24th. HC Wainwright cut their target price on Vertex Energy from $8.00 to $3.50 and set a buy rating on the stock in a research report on Thursday, February 29th. 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 MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $4.88.
Check Out Our Latest Research Report on VTNR
Vertex Energy Stock Performance
Hedge Funds Weigh In On Vertex Energy
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. purchased a new position in shares of Vertex Energy during the fourth quarter worth about $38,000. Mackenzie Financial Corp purchased a new stake in Vertex Energy in the 4th quarter valued at approximately $38,000. Numerai GP LLC purchased a new stake in Vertex Energy in the 3rd quarter valued at approximately $78,000. Willis Johnson & Associates Inc. purchased a new stake in Vertex Energy in the 1st quarter valued at approximately $28,000. Finally, RPO LLC purchased a new stake in Vertex Energy in the 4th quarter valued at approximately $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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