Vanguard Group Inc. grew its holdings in Renewable Energy Group, Inc. (NASDAQ:REGI) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,803,817 shares of the oil and gas company’s stock after purchasing an additional 33,121 shares during the quarter. Vanguard Group Inc. owned about 4.67% of Renewable Energy Group worth $23,360,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. acquired a new position in Renewable Energy Group in the second quarter worth $142,000. Federated Investors Inc. PA boosted its stake in Renewable Energy Group by 17.8% in the second quarter. Federated Investors Inc. PA now owns 11,029 shares of the oil and gas company’s stock worth $143,000 after purchasing an additional 1,668 shares in the last quarter. Gilbert & Cook Inc. boosted its stake in Renewable Energy Group by 1.8% in the second quarter. Gilbert & Cook Inc. now owns 12,623 shares of the oil and gas company’s stock worth $163,000 after purchasing an additional 220 shares in the last quarter. SG Americas Securities LLC acquired a new position in Renewable Energy Group in the second quarter worth $188,000. Finally, First Quadrant L P CA acquired a new position in Renewable Energy Group in the second quarter worth $210,000.
A number of equities analysts have commented on REGI shares. Zacks Investment Research lowered Renewable Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. ValuEngine lowered Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 8th. Roth Capital set a $17.00 price objective on Renewable Energy Group and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Piper Jaffray Companies reissued a “hold” rating and issued a $13.00 price objective on shares of Renewable Energy Group in a research note on Friday, November 3rd. Finally, BidaskClub raised Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Renewable Energy Group presently has a consensus rating of “Hold” and a consensus target price of $15.33.
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Renewable Energy Group, Inc. (REGI) opened at $11.10 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.17 and a current ratio of 1.72. Renewable Energy Group, Inc. has a one year low of $8.25 and a one year high of $13.55. The stock has a market capitalization of $439.12, a price-to-earnings ratio of 378.33 and a beta of 1.50.
Renewable Energy Group (NASDAQ:REGI) last issued its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported ($0.29) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.11. Renewable Energy Group had a positive return on equity of 0.38% and a negative net margin of 1.96%. The business had revenue of $627.00 million for the quarter, compared to analyst estimates of $513.88 million. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. analysts forecast that Renewable Energy Group, Inc. will post -1.8 EPS for the current fiscal year.
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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