Renewable Energy Group, Inc. (NASDAQ:REGI) shares traded down 6.4% on Friday . The company traded as low as $63.80 and last traded at $64.94. 21,322 shares were traded during mid-day trading, a decline of 98% from the average session volume of 1,291,897 shares. The stock had previously closed at $69.35.
Several equities analysts have issued reports on REGI shares. Zacks Investment Research raised Renewable Energy Group from a “strong sell” rating to a “hold” rating in a report on Friday, May 7th. Roth Capital reaffirmed a “neutral” rating and set a $35.00 price target (down previously from $90.00) on shares of Renewable Energy Group in a research report on Monday, May 10th. Citigroup began coverage on Renewable Energy Group in a report on Wednesday. They issued a “buy” rating for the company. Piper Sandler decreased their price target on shares of Renewable Energy Group from $104.00 to $97.00 and set an “overweight” rating for the company in a research note on Tuesday, May 4th. Finally, TheStreet lowered shares of Renewable Energy Group from a “b-” rating to a “c” rating in a research note on Monday, May 3rd. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $87.90.
The business has a 50-day moving average price of $61.61. The company has a market cap of $3.06 billion, a PE ratio of 31.33 and a beta of 0.74. The company has a current ratio of 4.97, a quick ratio of 3.48 and a debt-to-equity ratio of 0.01.
In other Renewable Energy Group news, General Counsel Eric Bowen sold 1,999 shares of the business’s stock in a transaction that occurred on Monday, May 24th. The shares were sold at an average price of $61.40, for a total transaction of $122,738.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey Stroburg sold 10,214 shares of the stock in a transaction on Friday, June 4th. The stock was sold at an average price of $68.07, for a total transaction of $695,266.98. Following the completion of the sale, the director now directly owns 210,079 shares of the company’s stock, valued at approximately $14,300,077.53. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,213 shares of company stock valued at $1,438,606. 2.47% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. SummerHaven Investment Management LLC purchased a new stake in shares of Renewable Energy Group in the fourth quarter worth about $1,191,000. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Renewable Energy Group by 82.7% in the first quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,418,084 shares of the oil and gas company’s stock valued at $93,650,000 after purchasing an additional 641,916 shares during the period. BlackRock Inc. grew its holdings in Renewable Energy Group by 6.9% during the 1st quarter. BlackRock Inc. now owns 7,882,225 shares of the oil and gas company’s stock valued at $520,541,000 after purchasing an additional 505,944 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in Renewable Energy Group by 3,557.7% during the 1st quarter. Schonfeld Strategic Advisors LLC now owns 501,100 shares of the oil and gas company’s stock valued at $33,092,000 after purchasing an additional 487,400 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Renewable Energy Group during the 1st quarter worth $28,728,000. 92.43% of the stock is owned by hedge funds and other institutional investors.
Renewable Energy Group Company Profile (NASDAQ:REGI)
Renewable Energy Group, Inc provides lower carbon transportation fuels in the United States and internationally. The company utilizes a production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.
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