Prudential Financial Inc. Sells 144,954 Shares of Renewable Energy Group Inc (NASDAQ:REGI)

Prudential Financial Inc. decreased its holdings in shares of Renewable Energy Group Inc (NASDAQ:REGI) by 44.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 180,531 shares of the oil and gas company’s stock after selling 144,954 shares during the period. Prudential Financial Inc. owned approximately 0.48% of Renewable Energy Group worth $2,863,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Affinity Investment Advisors LLC grew its holdings in shares of Renewable Energy Group by 6.9% in the 2nd quarter. Affinity Investment Advisors LLC now owns 20,235 shares of the oil and gas company’s stock valued at $321,000 after buying an additional 1,314 shares during the period. Schroder Investment Management Group boosted its stake in shares of Renewable Energy Group by 2.8% during the 2nd quarter. Schroder Investment Management Group now owns 406,345 shares of the oil and gas company’s stock worth $6,445,000 after buying an additional 11,177 shares during the last quarter. Private Advisors LLC acquired a new position in shares of Renewable Energy Group during the 2nd quarter worth about $174,000. Alps Advisors Inc. boosted its stake in shares of Renewable Energy Group by 62.4% during the 2nd quarter. Alps Advisors Inc. now owns 75,541 shares of the oil and gas company’s stock worth $1,198,000 after buying an additional 29,012 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Renewable Energy Group by 15.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,625,943 shares of the oil and gas company’s stock worth $26,242,000 after buying an additional 212,277 shares during the last quarter.

Shares of NASDAQ:REGI traded down $0.09 on Monday, reaching $15.80. 22,577 shares of the company’s stock were exchanged, compared to its average volume of 964,882. The company has a fifty day moving average of $12.61 and a 200-day moving average of $17.61. Renewable Energy Group Inc has a twelve month low of $9.90 and a twelve month high of $32.52. The company has a market capitalization of $597.42 million, a price-to-earnings ratio of 2.33 and a beta of 1.21. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.05.



Renewable Energy Group (NASDAQ:REGI) last announced its earnings results on Tuesday, August 6th. The oil and gas company reported ($1.51) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.59) by ($0.92). The business had revenue of $560.64 million for the quarter, compared to analyst estimates of $572.93 million. Renewable Energy Group had a negative return on equity of 5.90% and a negative net margin of 2.88%. As a group, equities research analysts forecast that Renewable Energy Group Inc will post -2.24 EPS for the current fiscal year.

A number of brokerages have recently issued reports on REGI. BidaskClub raised shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a report on Saturday, September 7th. BWS Financial reaffirmed a “buy” rating on shares of Renewable Energy Group in a report on Friday, September 6th. ValuEngine raised shares of Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 10th. Roth Capital raised shares of Renewable Energy Group from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Monday, June 24th. Finally, Zacks Investment Research cut shares of Renewable Energy Group from a “hold” rating to a “strong sell” rating in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $29.75.

Renewable Energy Group Company Profile

Renewable Energy Group, Inc produces cleaner and lower carbon transportation fuels. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.

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

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