In a filing, Vertex Energy Inc. revealed its CEO and President Cowart Benjamin P unloaded Company’s shares for reported $0.57 million on Nov 01. In the deal valued at $8.62 per share,66,667 shares were sold. As a result of this transaction, Cowart Benjamin P now holds 5,783,940 shares worth roughly $ 51.48 million.
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Then, Cowart Benjamin P sold 71,132 shares, generating $574,035 in total proceeds. Upon selling the shares at $8.07, the CEO and President now owns 262,854 shares.
Before that, Cowart Benjamin P sold 71,133 shares. Vertex Energy Inc. shares valued at $574,755 were divested by the CEO and President at a price of $8.08 per share. As a result of the transaction, Cowart Benjamin P now holds 333,986 shares, worth roughly $2.97 million.
Oppenheimer downgraded its Vertex Energy Inc. [VTNR] rating to a Perform from a an Outperform in a research note published on Friday. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in early July with a ‘”an Outperform”‘ rating. Credit Suisse began covering VTNR with “an Outperform” recommendation on December 01, 2021. Stifel revised its rating on February 10, 2021. It rated VTNR as “a Hold” which previously was an “a Buy”.
Price Performance Review of VTNR
On Friday, Vertex Energy Inc. [NASDAQ:VTNR] saw its stock jump 2.06% to $8.90. On the same session, the stock had its day’s lowest price of $8.295, but rose to a high of $9.045. Over the last five days, the stock has gained 5.83%. Vertex Energy Inc. shares have risen nearly 96.47% since the year began. Nevertheless, the stocks have risen 86.19% over the past one year. While a 52-week high of $18.10 was reached on 06/07/22, a 52-week low of $3.30 was recorded on 01/27/22. SMA at 50 days reached $7.58, while 200 days put it at $9.15. A total of 4.17 million shares were traded, compared to the trading of 2.85 million shares in the previous session.
Levels Of Support And Resistance For VTNR Stock
The 24-hour chart illustrates a support level at 8.45, which if violated will result in even more drops to 8.00. On the upside, there is a resistance level at 9.20. A further resistance level may holdings at 9.50. The Relative Strength Index (RSI) on the 14-day chart is 62.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.53%. Stochastics %K at 82.42% indicates the stock is a selling.
How much short interest is there in Vertex Energy Inc.?
A steep rise in short interest was recorded in Vertex Energy Inc. stocks on Jul 14, 2022, growing by 5.08 million shares to a total of 14.91 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 9.83 million shares. There was a rise of 34.07%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 22.32% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.14.
Vertex Energy Inc. [VTNR] – Who Are The Largest Shareholders?
In filings from SSgA Funds Management, Inc., it is revealed that the company now owns 10,025,512 shares, or roughly 13.26% of the outstanding VTNR shares. In other words, the investor’s shares have risen by 2,827,316 from its previous 13-F filing of 7198196.0. Additionally, BlackRock Fund Advisors increased 170.88% of its stake after which the total value it holdings stand at $19,548,587, while The Vanguard Group, Inc. added 21.07% of its stake to hold $14.93 million in the firm. Over the last quarter, Trellus Management Co. LLC sold -5,000 shares of Vertex Energy Inc., while Aventail Capital Group LP sold -822,902 shares. At present, Driehaus Capital Management LLC is holding 1,318,665 shares valued at $8.22 million. Morgan Stanley & Co. LLC owned 1,156,478 shares of the company at the time of its most recent 13F filing, worth $7.2 million.
According to FactSet, Vertex Energy Inc.’s share price will average $15.33 in the next year, based on opinions of analysts polled by the firm. This is up nearly 72.02 percent from its previous closing price of $8.72. Analysts expect Vertex Energy Inc. stock to reach the higher price of $18.00, while the lowest price estimate is $13.00. However, 4 analysts have rated VTNR stock as an Overweight in their predictions for 2022. The most recent change occurred on December 09, 2019 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating.