United Services Automobile Association boosted its holdings in Renewable Energy Group Inc (NASDAQ:REGI) by 1,005.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,116 shares of the oil and gas company’s stock after acquiring an additional 112,892 shares during the quarter. United Services Automobile Association owned 0.33% of Renewable Energy Group worth $2,215,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in REGI. Schwab Charles Investment Management Inc. increased its stake in shares of Renewable Energy Group by 4.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 391,214 shares of the oil and gas company’s stock valued at $5,008,000 after buying an additional 17,691 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Renewable Energy Group by 81.5% in the first quarter. BNP Paribas Arbitrage SA now owns 14,606 shares of the oil and gas company’s stock valued at $187,000 after buying an additional 6,560 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of Renewable Energy Group by 48.2% in the first quarter. Allianz Asset Management GmbH now owns 300,868 shares of the oil and gas company’s stock valued at $3,852,000 after buying an additional 97,825 shares in the last quarter. A.R.T. Advisors LLC increased its stake in shares of Renewable Energy Group by 19.5% in the first quarter. A.R.T. Advisors LLC now owns 57,726 shares of the oil and gas company’s stock valued at $738,000 after buying an additional 9,400 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Renewable Energy Group in the first quarter valued at $149,000.
A number of analysts recently commented on the company. Canaccord Genuity lifted their price objective on Renewable Energy Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. BidaskClub lowered Renewable Energy Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Roth Capital set a $25.00 price objective on Renewable Energy Group and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Finally, Zacks Investment Research upgraded Renewable Energy Group from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Saturday, August 11th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $29.67.
Renewable Energy Group (NASDAQ:REGI) last released its earnings results on Tuesday, November 6th. The oil and gas company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.04. The firm had revenue of $597.75 million for the quarter, compared to analysts’ expectations of $594.60 million. Renewable Energy Group had a return on equity of 34.52% and a net margin of 10.21%. On average, research analysts expect that Renewable Energy Group Inc will post 1.61 earnings per share for the current year.
In other Renewable Energy Group news, VP Eric Bowen sold 6,769 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $27.11, for a total value of $183,507.59. Following the sale, the vice president now owns 104,452 shares in the company, valued at approximately $2,831,693.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.97% of the company’s stock.
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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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