VTNR (Vertex Energy Inc.) may reap gains as insiders became active recently


Vertex Energy Inc.’s recent filing unveils that its Chief Operating Officer Rhame James Gary acquired Company’s shares for reported $25310.0 on May 12. In the deal valued at $6.33 per share,4,000 shares were bought. As a result of this transaction, Rhame James Gary now holds 14,648 shares worth roughly $ 65330.08.

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Then, Cowart Benjamin P sold 66,666 shares, generating $533,328 in total proceeds. Upon selling the shares at $8.00, the CEO and President now owns 5,450,608 shares.

Before that, Cowart Benjamin P sold 66,667 shares. Vertex Energy Inc. shares valued at $552,669 were divested by the CEO and President at a price of $8.29 per share. As a result of the transaction, Cowart Benjamin P now holds 5,517,274 shares, worth roughly $24.61 million.

Oppenheimer downgraded its Vertex Energy Inc. [VTNR] rating to a Perform from a an Outperform in a research note published on Friday.

Price Performance Review of VTNR

On Friday, Vertex Energy Inc. [NASDAQ:VTNR] saw its stock jump 5.19% to $4.46. On the same session, the stock had its day’s lowest price of $4.26, but rose to a high of $4.565. Over the last five days, the stock has gained 9.58%. Vertex Energy Inc. shares have fallen nearly -28.06% since the year began. Nevertheless, the stocks have fallen -47.53% over the past one year. While a 52-week high of $11.20 was reached on 03/06/23, a 52-week low of $3.91 was recorded on 08/23/23. SMA at 50 days reached $5.32, while 200 days put it at $6.92. A total of 1.87 million shares were traded, compared to the trading of 1.79 million shares in the previous session.

Levels Of Support And Resistance For VTNR Stock

The 24-hour chart illustrates a support level at 4.29, which if violated will result in even more drops to 4.12. On the upside, there is a resistance level at 4.60. A further resistance level may holdings at 4.73. The Relative Strength Index (RSI) on the 14-day chart is 44.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.57%. Stochastics %K at 48.54% indicates the stock is a holding.

How much short interest is there in Vertex Energy Inc.?

A steep rise in short interest was recorded in Vertex Energy Inc. stocks on Aug 14, 2023, growing by 0.96 million shares to a total of 17.32 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 16.36 million shares. There was a rise of 5.54%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 22.63% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.9.

Vertex Energy Inc. [VTNR] – Who Are The Largest Shareholders?

In filings from SSgA Funds Management, Inc., it is revealed that the company now owns 5,760,783 shares, or roughly 6.18% of the outstanding VTNR shares. In other words, the investor’s shares have risen by 1,281,178 from its previous 13-F filing of 4479605.0. Additionally, BlackRock Fund Advisors increased 18.39% of its stake after which the total value it holdings stand at $21,880,070, while The Vanguard Group, Inc. added 0.48% of its stake to hold $19.6 million in the firm. Over the last quarter, Sona Asset Management purchased 2,551,556 shares of Vertex Energy Inc., while Trellus Management Co. LLC bought 0 shares. At present, Columbia Management Investment Ad is holding 1,768,570 shares valued at $9.32 million. Castleknight Management LP owned 1,552,000 shares of the company at the time of its most recent 13F filing, worth $8.18 million.

According to FactSet, Vertex Energy Inc.’s share price will average $7.92 in the next year, based on opinions of analysts polled by the firm. This is up nearly 88.68 percent from its previous closing price of $4.24. Analysts expect Vertex Energy Inc. stock to reach the higher price of $10.00, while the lowest price estimate is $6.00. However, 7 analysts have rated VTNR stock as an Overweight in their predictions for 2023.


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