Renewable Energy Group Inc (REGI) Position Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of Renewable Energy Group Inc (NASDAQ:REGI) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,265,620 shares of the oil and gas company’s stock after acquiring an additional 16,827 shares during the period. Dimensional Fund Advisors LP owned 8.44% of Renewable Energy Group worth $39,677,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. increased its position in Renewable Energy Group by 249.4% during the 2nd quarter. Alliancebernstein L.P. now owns 84,550 shares of the oil and gas company’s stock worth $1,095,000 after purchasing an additional 60,350 shares in the last quarter. Ameriprise Financial Inc. grew its position in Renewable Energy Group by 12.9% in the third quarter. Ameriprise Financial Inc. now owns 167,528 shares of the oil and gas company’s stock valued at $2,035,000 after acquiring an additional 19,165 shares in the last quarter. Bank of Nova Scotia acquired a new stake in Renewable Energy Group in the second quarter valued at approximately $1,092,000. IndexIQ Advisors LLC grew its position in Renewable Energy Group by 83.1% in the third quarter. IndexIQ Advisors LLC now owns 82,942 shares of the oil and gas company’s stock valued at $1,008,000 after acquiring an additional 37,636 shares in the last quarter. Finally, State Street Corp grew its position in Renewable Energy Group by 11.8% in the second quarter. State Street Corp now owns 887,932 shares of the oil and gas company’s stock valued at $11,496,000 after acquiring an additional 94,037 shares in the last quarter.

Renewable Energy Group Inc (NASDAQ:REGI) traded down $0.15 during mid-day trading on Friday, hitting $10.25. 560,513 shares of the stock were exchanged, compared to its average volume of 309,716. Renewable Energy Group Inc has a twelve month low of $8.30 and a twelve month high of $13.55. The firm has a market capitalization of $402.37, a P/E ratio of -9.40, a P/E/G ratio of 0.36 and a beta of 1.23. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.17.

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

Renewable Energy Group announced that its board has initiated a share repurchase plan on Thursday, December 14th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Several brokerages have issued reports on REGI. BidaskClub downgraded shares of Renewable Energy Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 18th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Renewable Energy Group in a research report on Friday, November 3rd. Finally, Zacks Investment Research raised shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $15.33.

In other news, Director Peter John Martin Harding acquired 5,000 shares of Renewable Energy Group stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average cost of $11.14 per share, for a total transaction of $55,700.00. Following the completion of the purchase, the director now directly owns 64,136 shares of the company’s stock, valued at approximately $714,475.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.54% of the company’s stock.

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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.

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

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