CEO and President Cowart Benjamin P sale 71,133 shares of Vertex Energy Inc. [VTNR]

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Vertex Energy Inc. shares valued at $574,755 were sold by Cowart Benjamin P on Sep 13. At $8.08 per share, Cowart Benjamin P sold 71,133 shares. The insider’s holdings dropped to 333,986 shares worth approximately $2.03 million following the completion of this transaction.


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Also, Cowart Benjamin P sold 71,132 shares, netting a total of over 805,926 in proceeds. Following the sale of shares at $11.33 each, the insider now holds 476,252 shares.

Before that, Cowart Benjamin P had sold 71,133 shares from its account. In a trade valued at $738,361, the CEO and President traded Vertex Energy Inc. shares for $10.38 each. Upon closing the transaction, the insider’s holdings decreased to 71,133 shares, worth approximately $3.32 million.

As published in a research note from Oppenheimer on August 10, 2022, Vertex Energy Inc. [VTNR] has been rated down from an Outperform to a Perform. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in early July. As of December 01, 2021, Credit Suisse has initiated its “an Outperform” rating for VTNR. Earlier on February 10, 2021, Stifel downgraded its rating. Their new recommendation was “a Hold” for VTNR stock which previously was a “a Buy”.

Analyzing VTNR’s Price Performance

On Thursday, Vertex Energy Inc. [NASDAQ: VTNR] plunged -2.25% to $6.07. The stock’s lowest price that day was $5.99, but it reached a high of $6.42 in the same session. During the last five days, there has been a drop of approximately -19.50%. Over the course of the year, Vertex Energy Inc. shares have jumped approximately 34.00%. Shares of the company reached a 52-week high of $18.10 on 06/07/22 and a 52-week low of $3.30 on 01/27/22. A 50-day SMA is recorded $9.28, while a 200-day SMA reached $8.71. Nevertheless, trading volume fell to 3.64 million shares from 2.6 million shares the previous day.

Support And Resistance Levels for Vertex Energy Inc. (VTNR)

According to the 24-hour chart, there is a support level at 5.90, which, if violated, would cause prices to drop to 5.73. In the upper region, resistance lies at 6.33. The next price resistance is at 6.59. RSI (Relative Strength Index) is 30.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.26, which suggests the price will decrease in the coming days. Percent R is at 97.21%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Vertex Energy Inc. subject to short interest?

Stocks of Vertex Energy Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 5.08 million shares to 14.91 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 9.83 million shares. A jump of 34.07% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.14 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.14.

Which companies own the most shares of Vertex Energy Inc. (VTNR)?

According to SSgA Funds Management, Inc. filings, the company currently owns 7,198,196 shares, which is about 9.52% of the total VTNR shares outstanding. The investor’s shares have appreciated by 7,048,174 from its previous 13-F filing of 150022.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $26,671,428. The Vanguard Group, Inc. acquire a 21.07% interest valued at $20.37 million while Trellus Management Co. LLC 0 stake. In its current portfolio, Morgan Stanley & Co. LLC holds 1,156,478 shares valued at $9.83 million.

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