Vertex, Inc. $VERX Stock Position Boosted by Hyperion Capital Advisors LP

Hyperion Capital Advisors LP raised its holdings in Vertex, Inc. (NASDAQ:VERX) by 20.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 650,000 shares of the company’s stock after acquiring an additional 110,000 shares during the quarter. Vertex makes up about 6.4% of Hyperion Capital Advisors LP’s holdings, making the stock its 5th largest holding. Hyperion Capital Advisors LP’s holdings in Vertex were worth $12,980,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Vertex in the second quarter valued at about $54,000. Global Retirement Partners LLC purchased a new stake in Vertex in the fourth quarter valued at about $32,000. Advisors Asset Management Inc. raised its stake in Vertex by 25.7% in the first quarter. Advisors Asset Management Inc. now owns 1,933 shares of the company’s stock valued at $68,000 after buying an additional 395 shares during the last quarter. Empowered Funds LLC purchased a new stake in Vertex during the 4th quarter valued at about $45,000. Finally, Assetmark Inc. grew its stake in Vertex by 49.1% during the 4th quarter. Assetmark Inc. now owns 4,180 shares of the company’s stock valued at $83,000 after purchasing an additional 1,376 shares during the last quarter. 70.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VERX has been the topic of several research analyst reports. Weiss Ratings downgraded Vertex from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 11th. Needham & Company LLC reiterated a “buy” rating on shares of Vertex in a research note on Monday. Citigroup boosted their price target on Vertex from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Piper Sandler boosted their price target on Vertex from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, BMO Capital Markets boosted their price target on Vertex from $14.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $20.93.

Vertex Trading Up 1.4%

VERX stock opened at $12.28 on Friday. The company’s 50-day simple moving average is $12.74 and its 200-day simple moving average is $15.43. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.37. Vertex, Inc. has a 52-week low of $10.59 and a 52-week high of $37.76. The firm has a market cap of $1.99 billion, a P/E ratio of -245.60 and a beta of 0.82.

Vertex (NASDAQ:VERX) last posted its earnings results on Thursday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. Vertex had a negative net margin of 0.84% and a positive return on equity of 26.04%. The business had revenue of $196.65 million for the quarter, compared to analyst estimates of $194.82 million. During the same period in the prior year, the company posted $0.15 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities analysts forecast that Vertex, Inc. will post 0.52 EPS for the current fiscal year.

About Vertex

Vertex Energy, Inc (NASDAQ: VERX) is a specialty refiner and marketer of transportation fuels and petrochemical feedstocks in the United States. The company collects and processes a variety of waste petroleum products, including used motor oil and industrial lubricants, which it converts into ultra-low-sulfur diesel, asphalt, and other refined products. By leveraging proprietary re-refining technologies and strategic feedstock sourcing, Vertex Energy aims to deliver cost-effective, lower-carbon fuel solutions to wholesale and retail customers across the country.

Headquartered in Houston, Texas, Vertex operates a network of refining and blending facilities in key regions, including the Central, Northeast and Mid-Atlantic markets.