Chicago Equity Partners LLC Reduces Position in Renewable Energy Group, Inc. (REGI)

Chicago Equity Partners LLC lessened its holdings in shares of Renewable Energy Group, Inc. (NASDAQ:REGI) by 57.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,850 shares of the oil and gas company’s stock after selling 154,405 shares during the period. Chicago Equity Partners LLC owned 0.30% of Renewable Energy Group worth $1,395,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. C M Bidwell & Associates Ltd. purchased a new stake in Renewable Energy Group during the 2nd quarter valued at about $110,000. Old Mutual Global Investors UK Ltd. purchased a new stake in Renewable Energy Group during the 3rd quarter valued at about $120,000. Oppenheimer & Co. Inc. purchased a new stake in Renewable Energy Group during the 2nd quarter valued at about $142,000. Federated Investors Inc. PA grew its stake in Renewable Energy Group by 17.8% during the 2nd quarter. Federated Investors Inc. PA now owns 11,029 shares of the oil and gas company’s stock valued at $143,000 after acquiring an additional 1,668 shares in the last quarter. Finally, Stifel Financial Corp purchased a new stake in Renewable Energy Group during the 2nd quarter valued at about $152,000.

Shares of Renewable Energy Group, Inc. (REGI) opened at $11.10 on Tuesday. Renewable Energy Group, Inc. has a one year low of $8.25 and a one year high of $13.55. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.37. The firm has a market cap of $439.12, a P/E ratio of 378.33 and a beta of 1.50.

Renewable Energy Group (NASDAQ:REGI) last posted its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported ($0.29) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.11. Renewable Energy Group had a negative net margin of 1.96% and a positive return on equity of 0.38%. The business had revenue of $627.00 million during the quarter, compared to analysts’ expectations of $513.88 million. During the same quarter in the prior year, the company posted $0.59 EPS. The business’s revenue for the quarter was up .4% on a year-over-year basis. sell-side analysts forecast that Renewable Energy Group, Inc. will post -1.8 earnings per share for the current year.

Several analysts recently issued reports on REGI shares. Roth Capital set a $17.00 price objective on shares of Renewable Energy Group and gave the company a “buy” rating in a research note on Wednesday, August 23rd. ValuEngine cut shares of Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. BidaskClub raised shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, Piper Jaffray Companies set a $13.00 price objective on shares of Renewable Energy Group and gave the company a “hold” rating in a research note on Wednesday, August 23rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Renewable Energy Group presently has an average rating of “Buy” and a consensus price target of $15.33.

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Renewable Energy Group Profile

Renewable Energy Group, Inc is focused on providing cleaner, lower carbon intensity products and services. The Company is a producer of biomass-based diesel in North America. Its segments include Biomass-based diesel, Services, Renewable Chemicals and Corporate and other activities. It is involved in various activities related to biomass-based diesel production, from acquiring feedstock, managing construction and operating biomass-based diesel production facilities to marketing, selling and distributing biomass-based diesel and its co-products.

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Institutional Ownership by Quarter for Renewable Energy Group (NASDAQ:REGI)

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