Vertex Energy’s (VTNR) Hold Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reaffirmed their hold rating on shares of Vertex Energy (NASDAQ:VTNR) in a report released on Monday, Benzinga reports. Stifel Nicolaus currently has a $4.00 price target on the industrial products company’s stock.

Several other analysts have also recently commented on the stock. Northland Securities cut shares of Vertex Energy from an outperform rating to a market perform rating and set a $2.00 target price for the company. in a research note on Wednesday, January 24th. HC Wainwright reduced their target price on shares of Vertex Energy from $8.00 to $3.50 and set a buy rating for the company in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $4.88.

Vertex Energy Price Performance

Shares of Vertex Energy stock opened at $1.43 on Monday. Vertex Energy has a 1 year low of $0.95 and a 1 year high of $8.01. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.07 and a quick ratio of 0.52. The company’s fifty day moving average is $1.37 and its two-hundred day moving average is $2.54.

Institutional Trading of Vertex Energy

A number of institutional investors have recently added to or reduced their stakes in VTNR. Barclays PLC boosted its holdings in Vertex Energy by 105.3% during the second quarter. Barclays PLC now owns 25,135 shares of the industrial products company’s stock worth $157,000 after buying an additional 497,752 shares in the last quarter. Inscription Capital LLC boosted its holdings in Vertex Energy by 9.6% during the third quarter. Inscription Capital LLC now owns 97,500 shares of the industrial products company’s stock worth $434,000 after buying an additional 8,500 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in Vertex Energy by 21.6% during the third quarter. Valeo Financial Advisors LLC now owns 28,136 shares of the industrial products company’s stock worth $125,000 after buying an additional 5,000 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Vertex Energy by 1.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 156,656 shares of the industrial products company’s stock worth $697,000 after buying an additional 2,239 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in Vertex Energy by 32.2% during the third quarter. Arizona State Retirement System now owns 23,892 shares of the industrial products company’s stock worth $106,000 after buying an additional 5,826 shares in the last quarter. 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.