Renewable Energy Group, Inc. (NASDAQ:REGI) has been assigned a $13.00 price target by investment analysts at Piper Jaffray Companies in a research note issued on Saturday. The firm currently has a “hold” rating on the oil and gas company’s stock. Piper Jaffray Companies’ price objective points to a potential upside of 3.59% from the stock’s current price.

REGI has been the topic of a number of other research reports. Roth Capital set a $17.00 target price on Renewable Energy Group and gave the company a “buy” rating in a research report on Monday, April 17th. ValuEngine raised Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 14th. Canaccord Genuity reissued a “buy” rating and set a $16.00 price target on shares of Renewable Energy Group in a research note on Wednesday, June 14th. Finally, Zacks Investment Research lowered Renewable Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 6th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Renewable Energy Group has an average rating of “Buy” and a consensus price target of $15.00.

Renewable Energy Group (REGI) traded up 1.21% on Friday, reaching $12.55. 475,887 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $12.13 and its 200 day moving average is $10.45. The company has a market cap of $484.35 million, a price-to-earnings ratio of 14.41 and a beta of 1.74. Renewable Energy Group has a 52 week low of $7.91 and a 52 week high of $13.39.

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In other Renewable Energy Group news, major shareholder Carlson Capital L. P sold 65,000 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $12.83, for a total value of $833,950.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christopher D. Sorrells purchased 5,000 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was acquired 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 owns 28,146 shares of the company’s stock, valued at approximately $313,546.44. The disclosure for this purchase can be found here. 2.28% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of REGI. Renaissance Technologies LLC raised its position in shares of Renewable Energy Group by 95.8% in the fourth quarter. Renaissance Technologies LLC now owns 651,027 shares of the oil and gas company’s stock valued at $6,315,000 after buying an additional 318,466 shares during the period. Oxford Asset Management acquired a new position in shares of Renewable Energy Group during the first quarter valued at about $3,225,000. Acadian Asset Management LLC raised its position in shares of Renewable Energy Group by 247.1% in the first quarter. Acadian Asset Management LLC now owns 253,504 shares of the oil and gas company’s stock valued at $2,649,000 after buying an additional 180,476 shares during the period. Thomson Horstmann & Bryant Inc. raised its position in shares of Renewable Energy Group by 41.2% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 615,956 shares of the oil and gas company’s stock valued at $7,976,000 after buying an additional 179,714 shares during the period. Finally, Sanders Morris Harris Inc. acquired a new position in shares of Renewable Energy Group during the first quarter valued at about $1,752,000. 97.24% of the stock is currently owned by hedge funds and other institutional investors.

About Renewable Energy Group

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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