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

Vertex Energy (NASDAQ:VTNR - Get Free Report)'s stock had its "hold" rating reiterated by Stifel Nicolaus in a report issued on Monday, Benzinga reports. They currently have a $4.00 target price on the industrial products company's stock. Stifel Nicolaus' price target suggests a potential upside of 158.06% from the stock's previous close.

A number of other brokerages have also weighed in on VTNR. Northland Securities lowered shares of Vertex Energy from an "outperform" rating to a "market perform" rating and set a $2.00 price objective on the stock. in a report on Wednesday, January 24th. HC Wainwright lowered their price target on shares of Vertex Energy from $8.00 to $3.50 and set a "buy" rating on the stock in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Vertex Energy presently has a consensus rating of "Hold" and an average price target of $4.88.

Vertex Energy Stock Up 4.0 %

NASDAQ:VTNR traded up $0.06 during mid-day trading on Monday, hitting $1.55. 3,986,685 shares of the company's stock traded hands, compared to its average volume of 2,905,905. The company has a current ratio of 1.07, a quick ratio of 0.52 and a debt-to-equity ratio of 1.18. The company has a fifty day moving average of $1.37 and a 200 day moving average of $2.58. Vertex Energy has a twelve month low of $0.95 and a twelve month high of $8.17.

Institutional Trading of Vertex Energy

Several institutional investors have recently bought and sold shares of the business. Willis Johnson & Associates Inc. acquired a new position in Vertex Energy during the first quarter worth $28,000. Hennessy Advisors Inc. raised its position in shares of Vertex Energy by 44.0% during 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 during the last quarter. 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 valued at $170,000 after buying an additional 24,700 shares in the last quarter. RPO LLC acquired a new stake in Vertex Energy in the 4th quarter worth about $75,000. Finally, First Eagle Investment Management LLC increased its stake in Vertex Energy by 27.8% during the 4th quarter. First Eagle Investment Management LLC now owns 867,801 shares of the industrial products company's stock worth $2,942,000 after buying an additional 188,811 shares in the last quarter. 42.99% of the stock is owned by institutional investors and hedge funds.

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.