OPAL Fuels Inc. (NASDAQ:OPAL) CEO Purchases $68,500.00 in Stock

OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) CEO Jonathan Gilbert Maurer bought 25,000 shares of OPAL Fuels stock in a transaction on Friday, May 23rd. The shares were bought at an average cost of $2.74 per share, with a total value of $68,500.00. Following the acquisition, the chief executive officer now directly owns 176,716 shares in the company, valued at approximately $484,201.84. This represents a 16.48% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

OPAL Fuels Stock Down 3.2%

Shares of OPAL stock traded down $0.12 during trading on Friday, hitting $3.58. The company had a trading volume of 284,433 shares, compared to its average volume of 132,471. The stock's 50-day moving average is $1.93 and its two-hundred day moving average is $2.70. The stock has a market capitalization of $618.73 million, a price-to-earnings ratio of 19.89 and a beta of 0.69. OPAL Fuels Inc. has a 52 week low of $1.26 and a 52 week high of $4.99.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.63). OPAL Fuels had a negative return on equity of 4.08% and a net margin of 3.30%. The company had revenue of $85.41 million during the quarter, compared to the consensus estimate of $85.08 million. On average, research analysts predict that OPAL Fuels Inc. will post 0.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

OPAL has been the topic of several recent analyst reports. Scotiabank lowered their target price on shares of OPAL Fuels from $5.00 to $3.50 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. UBS Group lowered their price objective on OPAL Fuels from $7.00 to $3.50 and set a "buy" rating on the stock in a research report on Monday, March 17th. Finally, The Goldman Sachs Group lifted their price objective on OPAL Fuels from $1.75 to $2.00 and gave the company a "sell" rating in a research note on Monday, May 12th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its stake in OPAL Fuels by 22.5% during the fourth quarter. Invesco Ltd. now owns 1,446,536 shares of the company's stock worth $4,904,000 after purchasing an additional 265,762 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of OPAL Fuels by 28.9% during the 4th quarter. Russell Investments Group Ltd. now owns 503,885 shares of the company's stock valued at $1,708,000 after buying an additional 113,034 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of OPAL Fuels during the 4th quarter valued at about $389,000. Levin Capital Strategies L.P. lifted its position in OPAL Fuels by 250.0% in the 4th quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company's stock worth $119,000 after buying an additional 25,000 shares during the last quarter. Finally, Ardsley Advisory Partners LP boosted its stake in OPAL Fuels by 20.0% in the fourth quarter. Ardsley Advisory Partners LP now owns 150,000 shares of the company's stock worth $508,000 after buying an additional 25,000 shares in the last quarter. Institutional investors own 12.16% of the company's stock.

OPAL Fuels Company Profile

OPAL Fuels Inc, together with its subsidiaries, engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel.