Nationwide Fund Advisors Grows Position in Renewable Energy Group, Inc. (REGI)

Nationwide Fund Advisors boosted its stake in shares of Renewable Energy Group, Inc. (NASDAQ:REGI) by 18.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 121,620 shares of the oil and gas company’s stock after purchasing an additional 19,309 shares during the period. Nationwide Fund Advisors owned approximately 0.32% of Renewable Energy Group worth $1,575,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in REGI. Bank of New York Mellon Corp grew its position in Renewable Energy Group by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 232,858 shares of the oil and gas company’s stock worth $2,433,000 after purchasing an additional 4,516 shares during the period. Karp Capital Management Corp acquired a new stake in Renewable Energy Group during the 1st quarter worth about $363,000. Ameriprise Financial Inc. acquired a new stake in Renewable Energy Group during the 1st quarter worth about $601,000. Parametric Portfolio Associates LLC grew its position in Renewable Energy Group by 70.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 147,663 shares of the oil and gas company’s stock worth $1,543,000 after purchasing an additional 60,920 shares during the period. Finally, Teachers Advisors LLC grew its position in Renewable Energy Group by 47.8% during the 1st quarter. Teachers Advisors LLC now owns 232,137 shares of the oil and gas company’s stock worth $2,426,000 after purchasing an additional 75,065 shares during the period. 97.82% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on REGI shares. Roth Capital set a $17.00 price target on Renewable Energy Group and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. ValuEngine downgraded Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research raised Renewable Energy Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. BidaskClub raised Renewable Energy Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Piper Jaffray Companies set a $13.00 price target on Renewable Energy Group and gave the stock a “hold” rating in a research report on Wednesday, August 23rd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $15.33.

Shares of Renewable Energy Group, Inc. (NASDAQ:REGI) opened at 11.60 on Thursday. The firm’s market capitalization is $448.79 million. The firm’s 50-day moving average price is $12.29 and its 200 day moving average price is $11.76. Renewable Energy Group, Inc. has a 12 month low of $8.10 and a 12 month high of $13.55.

Renewable Energy Group (NASDAQ:REGI) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.13). The business had revenue of $535.10 million during the quarter, compared to analyst estimates of $531.88 million. Renewable Energy Group had a negative net margin of 0.36% and a positive return on equity of 6.20%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Analysts anticipate that Renewable Energy Group, Inc. will post ($1.56) earnings per share for the current fiscal year.

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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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