Comerica Bank acquired a new position in shares of Renewable Energy Group Inc (NASDAQ:REGI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 34,856 shares of the oil and gas company’s stock, valued at approximately $586,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its position in shares of Renewable Energy Group by 104.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 76,563 shares of the oil and gas company’s stock valued at $1,367,000 after acquiring an additional 39,068 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Renewable Energy Group during the second quarter valued at about $454,000. Mutual Advisors LLC acquired a new stake in shares of Renewable Energy Group during the first quarter valued at about $1,262,000. Janney Montgomery Scott LLC acquired a new stake in shares of Renewable Energy Group during the second quarter valued at about $929,000. Finally, Matarin Capital Management LLC acquired a new stake in shares of Renewable Energy Group during the first quarter valued at about $4,163,000.

NASDAQ REGI opened at $25.75 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.48 and a debt-to-equity ratio of 0.04. Renewable Energy Group Inc has a one year low of $9.50 and a one year high of $26.95. The company has a market capitalization of $983.61 million, a PE ratio of -12.62 and a beta of 0.91.

Renewable Energy Group (NASDAQ:REGI) last posted its quarterly earnings data on Monday, August 6th. The oil and gas company reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.32. Renewable Energy Group had a net margin of 8.64% and a return on equity of 32.12%. The business had revenue of $580.15 million during the quarter, compared to analyst estimates of $572.60 million. equities research analysts anticipate that Renewable Energy Group Inc will post 2.07 earnings per share for the current year.

In other news, VP Gary Haer sold 13,581 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $20.65, for a total value of $280,447.65. Following the completion of the transaction, the vice president now owns 77,329 shares of the company’s stock, valued at $1,596,843.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.97% of the company’s stock.

A number of equities research analysts have weighed in on REGI shares. Roth Capital set a $25.00 price target on shares of Renewable Energy Group and gave the company a “buy” rating in a research report on Tuesday, August 7th. Zacks Investment Research upgraded shares of Renewable Energy Group from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Saturday, August 11th. Canaccord Genuity lifted their price target on shares of Renewable Energy Group from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. BidaskClub cut shares of Renewable Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, July 28th. Finally, ValuEngine cut shares of Renewable Energy Group from a “buy” rating to a “hold” rating in a research report on Monday, May 7th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $20.50.

Renewable Energy Group Profile

Renewable Energy Group, Inc produces and sells biofuels and renewable chemicals in North America. The company operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments. It acquires feedstock; and manages construction and operates biomass-based diesel production facilities.

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

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