DnB Asset Management AS grew its position in shares of Renewable Energy Group Inc (NASDAQ:REGI) by 4.7% during the fourth quarter, HoldingsChannel reports. The firm owned 2,626,745 shares of the oil and gas company’s stock after purchasing an additional 118,653 shares during the period. DnB Asset Management AS owned approximately 0.07% of Renewable Energy Group worth $30,996,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in REGI. Federated Investors Inc. PA lifted its stake in shares of 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 acquiring an additional 1,668 shares during the period. Voya Investment Management LLC lifted its stake in shares of Renewable Energy Group by 12.1% in the second quarter. Voya Investment Management LLC now owns 22,206 shares of the oil and gas company’s stock worth $288,000 after acquiring an additional 2,390 shares during the period. First Trust Advisors LP lifted its stake in shares of Renewable Energy Group by 16.7% in the second quarter. First Trust Advisors LP now owns 40,086 shares of the oil and gas company’s stock worth $519,000 after acquiring an additional 5,725 shares during the period. Swiss National Bank lifted its stake in shares of Renewable Energy Group by 13.6% in the second quarter. Swiss National Bank now owns 57,800 shares of the oil and gas company’s stock worth $749,000 after acquiring an additional 6,900 shares during the period. Finally, Aperio Group LLC lifted its stake in shares of Renewable Energy Group by 13.5% in the third quarter. Aperio Group LLC now owns 68,255 shares of the oil and gas company’s stock worth $829,000 after acquiring an additional 8,121 shares during the period.

In other news, Director Peter John Martin Harding acquired 5,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was purchased at an average price of $11.14 per share, for a total transaction of $55,700.00. Following the completion of the acquisition, the director now directly owns 64,136 shares in the company, valued at approximately $714,475.04. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.54% of the company’s stock.

Several brokerages have issued reports on REGI. BidaskClub raised Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Zacks Investment Research lowered Renewable Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $13.00 price target on shares of Renewable Energy Group in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.33.

Shares of Renewable Energy Group Inc (NASDAQ REGI) opened at $11.05 on Wednesday. The company has a market capitalization of $429.10, a P/E ratio of -10.14, a PEG ratio of 0.39 and a beta of 1.48. Renewable Energy Group Inc has a 1-year low of $8.25 and a 1-year high of $13.55. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.37.

Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported ($0.29) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.11. The firm had revenue of $627.00 million during the quarter, compared to the consensus estimate of $513.88 million. Renewable Energy Group had a positive return on equity of 0.38% and a negative net margin of 1.96%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 earnings per share. sell-side analysts expect that Renewable Energy Group Inc will post -1.63 EPS for the current year.

Renewable Energy Group announced that its Board of Directors has initiated a stock buyback program on Thursday, December 14th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the oil and gas company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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Renewable Energy Group Company 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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